266 S Coconut Ln, Miami Beach FL 33139

RIVIERA 1ST & 2ND ADDN AM

$20,000,000
9
Beds
6
Baths
7,881 ft²
$2,538/ft²
  • Lot Size
    21,000 ft²
  • Year Built
    2009
  • Neighborhood
    Palm & Hibiscus Islands, Miami Beach
  • Orientation
    Southwest
  • Waterfront
    Yes
  • Price
    $20,000,000
  • Prices/ft²
    $2,538/ft²
  • DOM
    182 Days
  • MLS #
    A10944374
  • Status
    Active

Description

EXTREMELY RARE OPPORTUNITY to build your estate on 150' on water on a square half acre (150' wide by 140' deep) with the very best views of downtown Miami from prestigious Palm Island. Collect rent from the 2 homes while you prepare plans and obtain building permits. Sale includes both 266 & 276 S Coconut Lane. 276 is rented for $15k/mo until Oct 31, 2021 with a 12 month option to extend and 266 is owner occupied but would leaseback if of interest to buyer. Zoned RS-4: Options are a) build a single home up to 10,500 SF, or b) divide lots and build 3 new separate homes, or c) keep as is and renovate the 2 existing homes.

Financial Info

$20,000,000
$2,538/ft²

Neighborhood

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