Bayfront Edgewater assemblage to hit market for $18.4M

Miami /
Nov.November 23, 2015 06:00 PM

A bayfront development site in Edgewater will be listed for about $18.4 million on Monday. 

Amilcar Fuentes, a broker with Florida Capital Realty, and Joel Rodriguez of Global Investments Realty are co-listing the three lots at 456, 480 and 496 Northeast 29th Street. They’re zoned T6-36, which means that up to 36 stories with a bonus option and up to 150 units per acre can be built on the assemblage.

It’s being listed for about $685 per square foot.

The 26,880-square-foot site is next to Icon Bay, a Related Group development that was completed in July of last year. Fuentes told The Real Deal that the property has access to the public portion of Icon Bay Park.

“It’s basically the last developable lot on a waterfront site in Edgewater,” Fuentes told TRD.

Aventura-based Whitelight Group LLC owns the 14,280-square-foot property at 456 Northeast 29th Street. The LLC paid $1.35 million for the lot in 2012, according to Miami-Dade property records. Brennett Calliste owns the apartment building next door, which sits on a 6,300-square-foot lot. Calliste paid an undisclosed amount for it. And Global DC Export owns the third property, at 496 Northeast 29th Street. The company paid slightly more than $600,000 for the 6,300-square-foot lot in 2013.

Edgewater is home to projects such as Biscayne BeachAria on the Bay, Elysee, Spark, Bay House and the Crimson. In September, the founder of a Brazilian airline completed an Edgewater assemblage with the purchase of two properties for $4 million. And last week, a Canadian investor completed his non-waterfront assemblage on Northeast 27th Street for a total of $8.3 million.


Related Articles

arrow_forward_ios
XBTO CEO Philippe Bekhazi and Two Roads Development's Reid Boren with 2955 Northeast Seventh Avenue (Google Maps)
Cryptofinance firm buys waterfront commercial condo to move HQ to Miami
Cryptofinance firm buys waterfront commercial condo to move HQ to Miami
Robert M. White, Jr. and 2900 Northeast 24th Court in Fort Lauderdale (Compass)
Real Capital Analytics founder buys waterfront Fort Lauderdale home for $5M
Real Capital Analytics founder buys waterfront Fort Lauderdale home for $5M
Scott Minerd and Biscayne Beach PH5101(left) and PH5102 (Twitter, Douglas Elliman)
Guggenheim C-suite exec to relocate to Miami after buying penthouses at condo tower
Guggenheim C-suite exec to relocate to Miami after buying penthouses at condo tower
Commissioner Ken Russell and West Flagler principal Isadore Havenick (Photos via Getty, iStock, Zoom)
Miami commission deals Edgewater jai alai site a winning hand
Miami commission deals Edgewater jai alai site a winning hand
Aerial of Edgewater property with Spider's Andres Goldenberg and Alejandro Eskenazi (Apex Capital Realty)
Spider nixes plans for Edgewater condo project, disposes of dev site for $7M
Spider nixes plans for Edgewater condo project, disposes of dev site for $7M
3333 Biscayne Boulevard (Marcus & Millichap)
Biscayne Boulevard development site in Edgewater lists for $50M
Biscayne Boulevard development site in Edgewater lists for $50M
Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
Norman Braman and Jorge Perez score court victory against Edgewater Jai Alai fronton
Diego Colmenero and Charlie Porchetto from Urbanica plan to break ground on Edgewater hotel (Urbanica)
Urbanica completes $9M assemblage for Edgewater hotel
Urbanica completes $9M assemblage for Edgewater hotel
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...