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1311 15th Ter 7 Unit Apartment Building $2,500,000 ($357,143/Unit) Miami Beach, FL 33139
Executive Summary
Development Land / Multifamily Redevelopment - Zoning: RM-1 (Residential Multifamily, Low Intensity)
Shovel-Ready / City of Miami Beach Approved Plans Included- Bypass the Permitting Gauntlet: Includes fully approved plans by the City of Miami Beach. Skip the costly 18-to-24-month zoning and design delay—break ground almost immediately. Designed specifically to capture the massive shift in buyer demand. Today's buyers are actively fleeing oversupplied, aging, assessment-heavy towers in favor of low-density, modern privacy.
Highly Coveted Product Type: Approved for six (6) oversized 3-Bedroom / 2-Bathroom residences (~1,310 SF each). This layout is severely undersupplied in a South Beach market saturated with generic studios and 1-bedrooms.
Covered Land Play: Existing multifamily structures on-site can provide immediate holding income to offset carrying costs while finalizing your construction team.
Premium End-User Amenities: Plans feature a secure gated parking structure (a massive premium in South Beach), private lobby entry, expansive wraparound terraces, and an exclusive rooftop pool/amenity deck.
Shovel-Ready / City of Miami Beach Approved Plans Included- Bypass the Permitting Gauntlet: Includes fully approved plans by the City of Miami Beach. Skip the costly 18-to-24-month zoning and design delay—break ground almost immediately. Designed specifically to capture the massive shift in buyer demand. Today's buyers are actively fleeing oversupplied, aging, assessment-heavy towers in favor of low-density, modern privacy.
Highly Coveted Product Type: Approved for six (6) oversized 3-Bedroom / 2-Bathroom residences (~1,310 SF each). This layout is severely undersupplied in a South Beach market saturated with generic studios and 1-bedrooms.
Covered Land Play: Existing multifamily structures on-site can provide immediate holding income to offset carrying costs while finalizing your construction team.
Premium End-User Amenities: Plans feature a secure gated parking structure (a massive premium in South Beach), private lobby entry, expansive wraparound terraces, and an exclusive rooftop pool/amenity deck.
Property Facts
| Price | $2,500,000 | Building Class | C |
| Price Per Unit | $357,143 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,000 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 0.75/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM-1 - Residential Multi-Family - Approved Plans | ||
| Price | $2,500,000 |
| Price Per Unit | $357,143 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,000 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | RM-1 - Residential Multi-Family - Approved Plans |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 600 |
| 2+1 | 1 | - | 705 |
| 2+2 | 1 | - | 705 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-3233-016-0050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,388,475 |
Property Taxes
Parcel Number
02-3233-016-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,388,475
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1311 15th Ter
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