2880 Fairgreen Dr.

Build-to-sell, capital back at exit

Bayshore cleared corner lot, 0.32 acre / 13,900 sqft with plans for a 6,800 sqft contemporary home.

Build-and-sell development strategy on a cleared 13,900-sqft (0.32 acre) corner lot at 2880 Fairgreen Drive in Miami Beach, Florida, within the Bayshore neighborhood near the Miami Beach Golf Club. The public listing identifies the prior 1933 house as demolished, leaving an unimproved land parcel with a full set of Touzet Studio drawings for a 6,800-sqft contemporary residence. The strategy is acquisition of the land, completion or refinement of the design and permitting package, vertical construction of a new residence, and resale into the Mid Beach / Bayshore new-build comparable set. The corner-lot geometry, quiet canopied street, and proximity to Bayshore Park and the golf course support a broad end-buyer profile. Asking land basis of 4.95 million dollars reflects the cleared site, lot size, plan package, and Mid Beach positioning rather than existing residential improvements. Capital deployment covers permit coordination, site preparation, hard construction, finish specification, landscape, and carry through listing. Returns are targeted from the spread between all-in delivered cost and new-construction resale, with entitlement and construction execution as the primary underwriting controls.

Address

2880 Fairgreen Dr.

City

Miami Beach, FL

ZIP

33140

Beds

Pending

Baths

Pending

Living sqft

Pending

Lot sqft

13,900

Year built

Pending

Waterfront

No waterfront

Project economics model using strategy-specific basis, maturity, and downside/upside exit scenarios. Detailed sponsor line items are shown when a full proforma is available.

Source: strategy economics model · figures are forward-looking estimates · not a guarantee of return