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South Florida

Waterfront Miami Beach land trades for $11.3M

Aerial of 6800 Indian Creek Drive
Aerial of 6800 Indian Creek Drive

A residential development property in Miami Beach has traded for $11.3 million.

The waterfront 6800 Indian Creek Drive parcel was acquired by a private real estate investment group, Globe St. reported. It has approvals for a 14-story, 80-unit residential building with 18 boat slips. Miami-based Windsor Capital is the seller.

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Windsor was represented by the Boca Raton office of Atlanta-based ARA.

“There are very limited opportunities for development on Miami Beach,” ARA broker Troy Ballard told Globe St. “Canyon Ranch, in particular, adds tremendous cache to the area.” [Globe St.] — Eric Kalis

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Island Real EstateMiami Beach