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Home Florida Miami Condominiums Miami Beach Southern Star Condo #2/5/7/10/12A/19 in SOUTHERN STAR CONDO

Apartments Southern Star Condo

$ 2,994,000
  • 0 bed
  • 1 bath
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Details
    • Listed on:
      May 24, 2024
    • Days on Market:
      5
    • Maintenance:
      n/a
    • Taxes:
      $ 3,850 per year
    • Year:
      1965
    • Furniture:
      -
    • Floor Description:
      Ceramic Floor
    • Terms Considered:
      Cash, Conventional
    • View from Apartment:
      None
    • Parking:
      -
  • Interior Features:
    • First Floor Entry
  • Exterior Features:
    • None
  • Legal Description:
    200 east palmetto park condo unit ph -1
Description
The rare opportunity to acquire 6 out of the 30 condo units. Four units have each 420 rentable square feet, while two units have 450 rentable square feet each. Under current zoning standards (RPS-3), the existing building is zoned to allow short-term rentals. With a total redevelopment, zoning standards allow a maximum of a 1.75 FAR, or 34,125 floor area which could translate to 70-75 hotel rooms, 3,500 SF retail, and 35 parking spaces.
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