$1,290,000

Exceptional development opportunity in the heart of Miami Beach's rapidly evolving North Beach neighborhood. This 5,625 SF RM-1 zoned site is offered with Design Review Board (DRB) approved plans for a modern 4-story, 7-unit boutique residential building, significantly reducing development risk and expediting the path toward permitting. The approved project includes a desirable mix of one- and two-bedroom residences with private balconies, rooftop pool and lounge, ground-floor parking, and contemporary architecture designed for today's market. The property also features a fully renovated 3-bedroom, 2-bath single-family home with a new roof and impact windows, providing immediate rental income while final permits are obtained. Located just blocks from the beach, Collins Avenue, parks, shopp