WESTSIDE ESTATE AGENCY

Beverly Hills · Malibu · Miami

266 & 276 S. Coconut Lane, Miami Beach, FL 33139

150' Half Acre Waterfront Estate Development Opportunity with the Best Views of Downtown Miami on Prestigious Palm Island

Offered at $22,000,000

266 & 276 S. Coconut Lane, Miami Beach, FL 33139

150' Half Acre Waterfront Estate Development Opportunity with the Best Views of Downtown Miami on Prestigious Palm Island

Offered at $22,000,000

Offered at $22,000,000

266 & 276 S. Coconut Lane

Miami Beach, FL 33139

EXTREMELY RARE OPPORTUNITY to build your estate on 150′ on water on a square half acre (150′ wide by 140′ deep) with the very best views of downtown Miami from prestigious Palm Island. Collect rent from the 2 homes while you prepare plans and obtain building permits. Sale includes both 266 & 276 S Coconut Lane.  276 is rented for $15k/mo until Oct 31, 2021 with a 12 month option to extend and 266 is owner occupied but would leaseback if of interest to buyer. Zoned RS-4, please visit this link to read local building code for permitted uses. Options are a) build a single home up to 10,500 SF, or b) divide lots and build 3 new separate homes, or c) keep as is and renovate the 2 existing homes.

Represented by:

Cyril Bijaoui

D: 305.447.1471
M: 786.326.3774
cyb@weahomes.com
DRE BK3325796
Agent profile
21,000 Sq. Ft.
Lot

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Beverly Hills

210 North Canon Drive
Beverly Hills, CA 90210
(310) 247-7770

Malibu

3900 Cross Creek Road #5
Malibu, CA 90265
(310) 456-1171

Miami

2980 McFarlane Road
Miami, FL 33133
(305) 447-1471