Cash Flow in Miami is pleased to present the opportunity to acquire Calais Drive on the Water, a unique waterfront property located in the heart of Normandy Isles, walking distance from Normandy Shores Golf Club.

2005-2023 Calais Drive is an ideal investment opportunity for local and national investors looking to cash in on the growing demand for rental and condo units. The site is positioned just off Normandy Drive, the primary connecting road to Normandy Isles, walking distance from Normandy Shores Golf Club and minutes from Miami’s most popular beaches, resorts, and restaurants. Additionally, the neighborhood is one of the few in Miami Beach that allows for the redevelopment of commercial properties.

The property consists of 10 units featuring a mix of one-bedroom, two-bedroom and three-bedroom units with modern kitchens, counter-tops and brand new stainless steel appliances. Potential buyers will have the opportunity to continue operating the building as apartment rentals with room to increase rents or they can redevelop the land into luxury waterfront condos or town homes. A buyer will be able to capitalize on the booming tourism sector and economic improvement in this neighborhood.

Investment Highlights

• 143 feet of water frontage
• 10 large units, which could be converted into additional units
• Double lot measuring 21,224 SF with great redevelopment potential
• Zoned to build up to 26,530 SF and five stories
• Covered land with steady income in place
• Each unit will have its own private garden with fence/gate and construction will be complete in the coming weeks
• Dock renovation process has been started with deposit already paid to contractor

Price: $3,200,000