$1,399,000list price
Price cut$51,000
0 ba · 4,372 sq ft 2 to 4 units
744 85TH ST, MIAMI BEACH, FL 33141
Listing courtesy of Cervera Real Estate Inc. MLS# A12052782.On the MLS · Listed Jul 8
$1,400,000
851 80TH ST, MIAMI BEACH, FL 33141
0 baths4,458 sq ft2 to 4 unitsBuilt 1947
Updated today, November 3, 2026This home against Biscayne Beach
$314 per sq ft, 40% under the Biscayne Beach median
352 days on the market
Price cut $100,000 since it was listed at $1,500,000
$17,758 in property taxes (2025)
Biscayne Beach today: 25 homes for sale, median list price $1,250,000.
About this home
A well-maintained four-unit multifamily property in Miami Beach’s North Beach neighborhood. The two-story, 4,458 SF building sits on a 5,650 SF lot, offering four spacious 2-bed/1-bath units. Located in one of Miami Beach’s fastest-growing submarkets, the property benefits from strong rental demand due to its proximity to the beach, parks, schools, transit, and the upcoming Town Center redevelopment.Zoned RM-1 (3900 – Multifamily, 38–62 units/acre), it provides flexibility and future redevelopment potential. Current income of $105,600 per year and projected $120,000 proforma yield a Net Operating Income of $66,435 (actual) and $80,835 (proforma). At a $1.5M price, returns equate to a 4.43% cap rate in place and 5.39% stabilized.Nestled on a quiet block between Crespi Blvd and Hawthorne Ave, the property offers walkability to the beach, North Shore Park, the Bandshell District, restaurants, and public transit, with mature landscaping and stable occupancy ensuring a turnkey, low-maintenance investment in a high-demand rental corridor.
Zoned schools
Elementary: Biscayne Beach Elementary School
Middle: Miami Beach Nautilus Middle School
High: Miami Beach Senior High School
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Tatum Park, 0.2 mi
Grocery: M&L Food Market, 0.6 mi
Distances from the center of Biscayne Beach, MIAMI BEACH.
Listing courtesy of Fausto Commercial Realty Consultants Inc. MLS# A11923537.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed November 16, 2025.
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