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Kings Point Imperial Condo 220 Kings Point Dr 83 Unit Apartment Building For Sale Sunny Isles Beach, FL 33160
INVESTMENT HIGHLIGHTS
- Prime Waterfront Location: Nearly 2 acres with 550 feet of frontage on the Palm Waterway, offering panoramic views in all directions.
- Central Access: Positioned between Miami and Fort Lauderdale with proximity to beaches, parks, marinas, and major shopping destinations.
- Strong Market Demand: Nearby luxury developments start at $4M, indicating high pricing potential for boutique projects.
- Exceptional Vistas: Views include the Atlantic Ocean, Sunny Isles Beach skyline, Intracoastal Waterway, and Oleta River State Park.
- Luxury Lifestyle Amenities: Close to Bal Harbour Shops, Aventura Mall, and a variety of dining and recreational options.
- Redevelopment Opportunity: Zoned for up to 218,028 SF FAR, ideal for a boutique building with fewer than 100 units offering exclusivity and privacy.
EXECUTIVE SUMMARY
WATERFRONT SITE WITH SPECTACULAR VIEWS
The Kings Point Imperial site is a rare opportunity to acquire and redevelop just under 2 acres of waterfront land. The site enjoys 550 linear feet on the Palm Waterway. The property enjoys expansive view corridors of the Atlantic Ocean to the East, the Sunny Isles Beach skyline to the North, the Intracoastal Waterway and Oleta River State Park to the West and South.
PROXIMITY TO AMENITIES
Centrally located between Miami and Fort Lauderdale, residents will enjoy easy access to some of South Florida’s best amenities. Apart from the pristine beaches, state parks and bike/walk paths a few steps away, residents have access to 3 full-service marinas nearby. Sunny Isles Beach is also home to world-class shopping and dining at Bal Harbour Shops and Aventura Mall as well as other local cafes and bars.
ESCALATING PRICING AND MARKET NICHE FOR BOUTIQUE DEVELOPMENT
The influx of wealthy residents continues to drive new condominium pricing. Pre-construction pricing of new condominium units in nearby developments such as Bentley Residences and the St. Regis Sunny Isles start at $4 million. This creates tremendous headroom for a boutique Intracoastal development. The zoning of the Kings Point Imperial site allows for the redevelopment of up to 218,028 square feet of FAR. This development could be positioned as a rare new boutique building with less than 100 units, offering
residents a generously sized units with a sense of privacy and exclusivity, while allowing a developer to achieve presales and execute the project on an accelerated timeline.
The Kings Point Imperial site is a rare opportunity to acquire and redevelop just under 2 acres of waterfront land. The site enjoys 550 linear feet on the Palm Waterway. The property enjoys expansive view corridors of the Atlantic Ocean to the East, the Sunny Isles Beach skyline to the North, the Intracoastal Waterway and Oleta River State Park to the West and South.
PROXIMITY TO AMENITIES
Centrally located between Miami and Fort Lauderdale, residents will enjoy easy access to some of South Florida’s best amenities. Apart from the pristine beaches, state parks and bike/walk paths a few steps away, residents have access to 3 full-service marinas nearby. Sunny Isles Beach is also home to world-class shopping and dining at Bal Harbour Shops and Aventura Mall as well as other local cafes and bars.
ESCALATING PRICING AND MARKET NICHE FOR BOUTIQUE DEVELOPMENT
The influx of wealthy residents continues to drive new condominium pricing. Pre-construction pricing of new condominium units in nearby developments such as Bentley Residences and the St. Regis Sunny Isles start at $4 million. This creates tremendous headroom for a boutique Intracoastal development. The zoning of the Kings Point Imperial site allows for the redevelopment of up to 218,028 square feet of FAR. This development could be positioned as a rare new boutique building with less than 100 units, offering
residents a generously sized units with a sense of privacy and exclusivity, while allowing a developer to achieve presales and execute the project on an accelerated timeline.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| Sale Condition | Redevelopment Project | Lot Size | 1.95 AC |
| No. Units | 83 | Building Size | 101,259 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Mid-Rise | ||
| Zoning | 4000 - RMF-2 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 83 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 101,259 SF |
| No. Stories | 6 |
| Year Built | 1962 |
| Zoning | 4000 - RMF-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Waterfront
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 83 | - | - |
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Kings Point Imperial Condo | 220 Kings Point Dr
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