Development Site in North Miami at 2305 NE 123rd St.
FOR SALE
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2305 Northeast 123rd Street, North Miami, FL 33181
Property Description
Bayhaus is located at 2305 NE 123rd Street in North Miami, at the northeast corner of NE 123rd Street and North Bayshore Drive, with direct frontage along Biscayne Bay. This rare waterfront offering provides developers
the ability to acquire a fully approved luxury condominium site totaling approximately 1.13 acres with unobstructed bay exposure.
All approvals are already secured for a 10-story, 52-unit luxury residential tower featuring basement parking and supplemental surface spaces - dramatically reducing entitlement risk and accelerating the development timeline.
Positioned at a key gateway connecting North Miami, Bay Harbor Islands, and Bal Harbour, the property is uniquely situated to capture demand from buyers seeking new-construction waterfront residences with immediate access to beaches, high-end dining, and premier retail destinations.
Property Details
Asset Type
Development Site
Zoning
BZ
Lot Size
49,222 SF
Neighborhood
North Miami
Submarket
North Miami
ZIP
33181
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
$0
Cash-on-Cash Return
0.00%
Monthly Debt Service
$0
Annual Debt Service
$0
View on Map
Address
2305 Northeast 123rd Street
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North Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale
No investors found in this market.