93 Palm Ave.

Build-to-sell, capital back at exit

Palm Island unimproved land, 0.69 acre / 30,000 sqft with 100ft of direct bay frontage.

Build-and-sell development strategy on a 30,000-sqft (0.69 acre) unimproved land parcel at 93 Palm Avenue in Miami Beach, Florida, on Palm Island. The public listing identifies the asset as cleared land under contract, with 100 feet of direct bay frontage, approximately 300 feet of depth, and a rare private-compound scale inside one of Miami Beach's police-guarded island communities. The strategy is acquisition of the land, design and permitting for a new custom waterfront residence, vertical construction, and resale into the Palm Island new-build comparable set. Palm Island benefits from guarded access, privacy, waterfront scarcity, and proximity to Miami Beach and Downtown Miami. Asking land basis of 23.5 million dollars reflects the lot size, bay frontage, island security, and buildable compound scale rather than existing residential improvements. Capital deployment covers design, permitting, site preparation, hard construction, waterfront programming, landscape, and carry through listing. Returns are targeted from the spread between all-in delivered cost and new-construction resale in a supply-constrained guarded-island submarket.

Address

93 Palm Ave.

City

Miami Beach, FL

ZIP

33139

Beds

Pending

Baths

Pending

Living sqft

Pending

Lot sqft

30,000

Year built

Pending

Waterfront

Bay

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