1021 Biarritz DrMiami Beach, FL 33141

  • Specialty properties
  • 4,058 SF
For Sale
$26,500,000 View listing

Property Details for 1021 Biarritz Dr

Year built
1936
Construction
CONCRETE
Lot size
0.37 AC
Property size (Sq ft)
4,058 SF
Zone code
3900:MULTI-FAM,38-62 U/A
Property type
Specialty properties
Property subtype
Schools
APN
02-3210-013-1000
APU
232100131000

Description

This exceptional Miami Beach property presents a unique investment opportunity: a fully operational, 16,779 square foot school campus situated on a 46,150 square foot lot (over an acre) in the desirable Normandy Isles. Currently vacant, this turn-key facility boasts state-of-the-art amenities, including a swimming pool, multiple recreational areas, a treehouse playground, outdoor cabanas, a koi pond, and even exotic animal enclosures. Previously operating as Papillon Montessori, the school served students from pre-school through 8th grade and has a grandfathered conditional use permit for up to 250 students. The property's zoning is RM-1, and pre-approved plans exist for additional facility construction on the site. Its central location between Miami and Miami Beach, close proximity to Biscayne Bay and Normandy Shores Golf Club, and the ongoing development boom on the 79th Street causeway, further enhance its value. The asking price is $26,500,000, with an occupancy date of December 10, 2024. This property offers immediate operational capability for educational end-users or significant redevelopment/adaptive reuse potential. The APN is 02-3210-013-1000. This is a rare opportunity to acquire a well-established, beautifully built-out school campus in a prime Miami Beach location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,013,498
    Hospitality
    $2,760,348
    Educational
    $2,296,577
    Medical
    $2,375,560
    Retail
    $3,572,453
1021 Biarritz Dr, Miami Beach, Florida

Location Insight

City
Miami Beach
County
Miami-dade
State
Florida
Latitude
25.8542
Longitude
-80.1292
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$1,602,000
$321,144
$1,923,144
-
$1,602,000
$321,144
$1,923,144

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