Luxist

With the current state of Florida real estate you wouldn't think it would be the ideal time to sell a parcel but if you believe in the eventual resurgence of the Florida condominium market this could be a keen investment. It's a prime piece waterfront property in Miami said to be the last developable oceanfront site in Bal Harbor, just northwest of the world famous South Beach Miami. It has private Atlantic Ocean beach access and could be used as a hotel, luxury condos, private club, restaurant, etc. It is zoned for 304 residential units or 553 hotel rooms or any combination and there is direct green way access to private Bal Harbour Yacht Basin on Biscayne Bay and Intracoastal with slips to accommodate yachts of 140' plus with direct ocean access. It can be yours for $225 million. 02/03/09