Unique opportunity for development or remodel on 29,700 SF + lot, just steps from the beach in Key Biscayne! Plans approved and valid for a luxurious boutique four-story condominium featuring 11 three-bedroom units and rooftop amenities. The existing two-story building includes 12 two-bedroom units, actively rented with flexible lease terms. Interesting possibility exists to convert to short term rentals which are high in demand. The exclusive island of Key Biscayne offers a lively community with a ‘small town’ feel, top ‘A’ rated schools, boutiques, gourmet restaurants, miles of beaches and the Yacht Club all a short walk or golf cart ride away.