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821 Espanola Way, Miami Beach, FL 33139

$1,695,000
: 5
BD
: 5
BA
: 2,410
SqFt

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List Price: $1,695,000
Price Change: ▼ $155,000 1794524265
MLS#: A12061441
Subdivision: Espanola Villas 1st Addn
Status: ACTIVE
Type: Single Family Residential
Bedrooms: 5
Full baths: 4
Half baths: 1
Living Area: 2,410

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Property Description

Rare value-add opportunity on coveted Española Way! This 5-bedroom, 4.5-bath property sits directly across from Flamingo Park, just steps from Lincoln Road and the beach. Currently operating as four separate living spaces, the property includes a main residence with a private backyard, two studio-style spaces generating rental income, and a detached 1-bedroom guest house with a private balcony. Offering a rare opportunity to restore its original single-family character while retaining a separate guest house, or capitalize on its existing income-producing layout. Nestled on a quiet cul-de-sac with minimal traffic and ample street parking. A compelling opportunity to create lasting value in one of South Beach’s most desirable locations.

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Additional Information

Days on Market: 108
View: Other
Tax Amount: $20,352
Parcel Number: 02-32-34-015-0220
Bedroom Description: At Least 1 Bedroom Ground Level, Entry Level
Front Exposure: South
Lot Size: 3,900
Exterior Features: Barbeque, Open Balcony, Outdoor Shower
Parking Restrictions: Other
Address: 821 Espanola Way, Miami Beach
SqFt Liv Area: 2,410
Year Built: 1938
Design: Detached, Half Duplex, Two Story
Development Name: Espanola Villas 1st Addn
Style: R30-No Pool/No Water, House
Middle School: Nautilus
Senior High School: Miami Beach
Restrictions: Ok To Lease
Construction Type: CBS Construction
Interior Features: First Floor Entry, Second Floor Entry, Garage Apartment, Separate Guest/In-Law Quarters, Studio Apartment
Section: 34