Description
Calling all new construction developers or end users. The ideal lot to maximize gains or build the most equity, this elevated 3-sided lot on prestigious South Bayshore Drive in Northeast Coconut Grove. Lot is unique being the only lot that is 3 sided and is elevated 8 feet allowing for a partial water view from a rooftop balcony. Lot is in flood zone X allowing for 3 story home with less lot coverage than a comparably sized 2 story. New construction in the area starts at $1800 psf. New construction in flood zone X is subject to extremely low-cost flood insurance. Ideal location; walking distance to Kennedy Park and Ransom Everglades Middle School.
