7921 Noremac Ave, Miami Beach, FL 33141

Description

Corner waterfront land on gated Island, Miami Beach, FL. Rare opportunity to build a 2-story luxury residence on this corner lot on gated Biscayne Point Island. No fixed bridges to the Ocean via Haulover Cut. This 9,000 SF corner lot offers 210' of sea wall on north and east accommodating up to 60' boats with approximately a 4' to 5' draft in low tide. Sold as land value & in need of a new sea wall. Sea wall permit is approved. Plans attached for a 4 bed & 5 bath pool home. Prime Island location surrounded by multi-million-dollar estates on a gated island. New Construction homes are listing for $8 mm to $13 mm less $2.89 mm Land, $400,000 for sea wall & fill & $2.5 mm for construction, the proforma profit could be $2.2 to $6 mm +/-.