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Sold for $1,000,000 Sold

1850 S Treasure Dr
North Bay Village, FL 33141

lot: 12197 sq ft lot
Commercial Lots & Land: Commercial Lots & Land - MLS# A10646255
Property Photo


Sold for $1,000,000 on May 31, 2019


Great long-term investment/new development opportunity! Offered at $2.5M are a multi-family zoned (RM 40) bayfront 12,000-SF lot with 80 FT of WF & a low-rise, 10-unit multi-family apartment building – rented & income-producing. The lot is on a Ground Lease with the building, & the lease can be cancelled upon closing of the lot & the building, if sold to the same buyer. Lot is offered at $1M, and building is offered separately at $1.5M. North Bay Village is an up-and-coming waterfront community with great potential for the near future, & it allows short-term & Airbnb rentals. Keep the current income-producing building, build a new multi-family building, or build a single-family home. Single-family land on S Treasure currently sells at $200-$250/SF.


  • Approximate Lot Size: 12000
  • Area: 32
  • Comprehensive Plan Use: Other Plan Use
  • County/Area: Miami-Dade County
  • Flood Zone: Ae
  • Intended Use: Unknown/Withheld
  • Internet YN: Yes
  • Jurisdiction: City
  • Listing Status: Closed Sale
  • Location: City Location
  • Lot Description: Less Than 1 Acre
  • Lot Frontage: 80
  • Lot Size: 0.2800
  • Lot Sq Footage: 12000
  • Miscellaneous Information: Sidewalk
  • On Site Utilities: Electric, Sewer, Water
  • Property Sq Ft: 12000
  • Property Type: Commercial Lots & Land
  • Road Description: Other Road
  • Selling Agent: Daney Cabrera Pa
  • Selling Office: Keller Williams Realty Premier
  • Sewer Description: Public Sanitation
  • Sold Date: 2019-05-31
  • Sold Price: 1000000.00
  • Styleof Property: Unimproved Multi Family (5+units)
  • Sub Type: Commercial Lots & Land
  • Subdivision: Treasure Is 1st Addn Port
  • Subdivision Complex Bldg: Treasure Is 1st Addn Port
  • Subdivision/Neighborhood: Treasure Is 1st Addn Port
  • Surface Description: Paved Road
  • Tax Year: 2018
  • Usage: Unimproved Multi Family (5+units)
  • Utilities Available: Other Utilities Available
  • Water Description: Municipal Water
  • Zip Code: 33141
  • Zoning: 4000
  • View: Bay View,Direct Ocean,Ocean View
  • Waterfront: Bay Front, No Fixed Bridges, Ocean Access, Yes

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