Rare boutique development opportunity in Miami Beach! This corner assemblage includes three fully leased fourplexes on 15,250 SF - .35 acres of land in a quiet, bay-access, no-flood zone just steps from Lincoln Road. Zoned RM-2 with 2.0 FAR and 60-ft height as-of-right, the site allows for approximately 30,500 buildable SF — ideal for ~30 boutique luxury condo units. Generate income during planning from 12 existing units. 24 bedrooms, 18 baths. Walkable to Trader Joe's, Fresh Market, and a brand-new 50,000+ SF Whole Foods under construction on Alton Road. Surrounded by high-performing luxury projects like Monad Terrace and Capri South Beach. There is also significant potential under Florida’s Live Local Act (SB 102), which may allow increased height, FAR (up to 3.0), and additional development flexibility if a rental project with 40% affordable/workforce housing is pursued. View the full law here. https://www.flsenate.gov/Session/Bill/2023/102