8221 Crespi Blvd

Miami Beach, FL 33141

$1,850,000

$596/ft²

5Beds

5Baths

3,104Sq ft

1956Year built

Single-family homeType

About this home

Waterfront Miami Beach development potential! Currently a duplex this 2-unit multi-family development offers waterfront views, a private dock with one fixed bridge access to the ocean. The neighborhood is undergoing redevelopment with many new high rise and retail buildings under construction nearby on the 79th causeway and $2 billion investment on nearby Ocean Terrace. Current rent roll below market $7750. Buildable square footage max FAR 1.25, which allows 7,188 sq feet living and five stories high. There is city notice requiring the owner to permit and build a common area laundry which the seller says will cost $25,000 but seller says this is a buyer responsibility to build if they keep the structure, but $0 cost if they knock and build new. Seller will only accept full price offer.

Features

Waterfront

Property details

Listing

MLS #: A11619556
Status: For sale
Listed on: Jul 8, 2024
Days on market: 763 days
Listing data updated: Jul 16, 2026

Interior

Beds: 5
Baths: 5
Living area: 3,104 ft²
Price per ft²: $596/ft²

Building & community

Type: Single-family home
Year built: 1956
County: Miami-Dade

Lot & exterior

Lot size: 5,750 ft²
Waterfront: Yes

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $9,355
Property taxes (est.): $1,696
Home insurance (est.): $600
Flood insurance (est.): —

Estimated total$11,651*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?