$1,990,000
$509K PRICE DROP

Estimated payment $11,755/month

Total Views 2,035
0.04 Acre
$46,279,070 Price per Acre
7,500 Sq Ft Lot

About This Lot

Prime Investment Opportunity in South Beach! Located in one of the most coveted areas, this property sits just steps from the iconic Lincoln Road pedestrian st. A rare find, this project offers endless potential for investors and developers. The existing building features 4 units which is approved for renovation. Additionally, the spacious lot behind the building provides the opportunity to construct 6 units, maximizing your return with a total of 10 units. The Project has gone through historic preservation board and has been approved, permits has been approved by the city of Miami Beach. This is the perfect opportunity to bring a high-value project to life in the heart of Miami Beach! 4 different folios #, each side has 1,875 sqft the total sqft is 7,500.

Listing Agent

Diana Tello

Envirotek Realty License #3277908

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,771

Year Built

  • 1936

Lot Details

  • 7,500 Sq Ft Lot
  • Property is zoned 3900

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 02-32-34-002-1350

Community Details

Overview

  • No Home Owners Association
  • Lincoln Sub Condos
  • Lincoln Sub Subdivision

Recreation

  • Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$7,771

Year Built

1936

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Horses: No
  • Lot Size Acres: 0.043
  • New Construction: No
  • Road Frontage Type: Other Road
  • Subdivision Name: LINCOLN SUB
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Year Built: 1936

Interior Features

  • Possible Use: Other Plan Use, Urban Commercial

Exterior Features

  • Lot Features: Beach Area, City Location, Other Location, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LINCOLN SUB

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Sewer Connected, Water Connected, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 02-32-34-002-1350
  • Current Use: Other Usage, Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 7500
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7771

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,974 $413,528 $412,500 $1,028
2023 $8,974 $470,758 $0 $0
2022 $8,400 $427,962 $0 $0
2021 $8,046 $389,057 $0 $0
2020 $7,650 $466,313 $412,500 $53,813
2019 $7,266 $466,331 $412,500 $53,831
2018 $6,668 $466,349 $412,500 $53,849
2017 $6,464 $265,733 $0 $0
2016 $6,339 $241,576 $0 $0
2015 $4,729 $219,615 $0 $0
2014 $4,600 $199,650 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2025 03/24/25 Price Changed $1,990,000 0.0% --
03/24/2025 03/24/25 For Sale $1,990,000 -20.4% $595 / Sq Ft
02/26/2025 02/26/25 For Sale $2,499,000 +99.9% --
07/07/2023 07/07/23 Sold $1,250,000 -33.9% $374 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
10/09/2022 10/09/22 For Sale $1,890,000 0.0% $565 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
12/29/2021 12/29/21 For Sale $1,890,000 -- $565 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,285,000 --
Warranty Deed $732,000 --
Warranty Deed $272,500 --
Deed $210,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $576,000 Unknown
Previous Owner $190,750 No Value Available
Previous Owner $147,000 No Value Available
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11752988

MIAMI REALTORS® MLS

APN: 02-3234-002-1350