768 NE 72nd St
Miami, FL 33138
MLS# A12113805
Property Details
Bedrooms
5
Bathrooms
5
Square Feet
2,931
Year Built
1925
Property Type
Single Family Residence
Status
Active
Description
**RARE OPPORTUNITY IN ONE OF MIAMI'S MOST DESIRABLE HISTORIC NEIGHBORHOODS!** Located on a quiet, dead-end street surrounded by luxury homes, this property offers an exceptional opportunity to create a multimillion-dollar residence with the hard work already done. Seven new luxury waterfront estates, ranging from $8M to $18M, are being developed at the end of the street, further transforming this exclusive neighborhood. **SELLING WITH FULLY APPROVED PLANS AND PERMITS** to transform the existing home into a stunning 5-bedroom, 5-bathroom, approximately 3,300-square-foot residence with only a minimal addition. The property already features a swimming pool, providing a strong foundation for the renovation. **SAVE TWO YEARS OF PLANNING AND APPROVALS!** Navigating the strict requirements of this historic neighborhood took nearly two years, and the approved plans offer the next owner an opportunity to bypass this lengthy and challenging process. With comparable renovated homes in the surrounding area achieving approximately $1,100 to $1,300 per square foot, the projected after-repair value (ARV) is approximately $3.7M to $4M, subject to final finishes and market conditions. Whether you're an investor seeking a high-end renovation opportunity or an end user looking to create a dream home, this is a rare chance to secure a property with significant upside in a quiet, established neighborhood surrounded by extraordinary new luxury development.
Features
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