Miami Beach, Lakeview, FL 33140
Bedrooms
Bathrooms
Area
This property is an ideal opportunity located in Lake View, one of Miami's most family-friendly neighborhoods. The property is located only a short distance from La Gorce Country Club and Fisher Park, and is driving distance from Miami's most famous beaches. As is, the property has an open floor plan with 2,926 total sq ft., 3 bedrooms and 3 bathrooms, with a generous formal living and family room that comes equippped with a bar and entertainment area, a spacious dining room, and an expansive pool. This home could be spectacular with a custom renovation. The idea for this design is to have two, clearly defined stacked volumes to visually break up the size of the home and be more in line with the smaller, quaint feel of the neighborhood. The first floor volume blends in with the natural elements and environment by using darker/earthy tones and larger glass openings to have more of an open and indoor-outdoor feel in the common areas. For the 2nd floor volume, we want this to feel like a precious stone that is elevated and private. This white and pristine geometry is more prism-like which relates, in a modern way, to the triangular shaped roofs in the neighborhood. Windows and openings are used more appropriately for this type of geometry.
| Home Size | 2,600 SF |
| Total Development Costs | $1,395,000 |
| Uses | $ | % | PSF |
| Land | $1,700,000 | 50.52% | $654 |
| Construction Costs | $1,395,000 | 41.46% | $537 |
| Financing & Closing | $155,000 | 4.61% | $60 |
| Taxes & Other | $115,000 | 3.42% | $44 |
| Total | $3,365,000 | 100.00% | $1,294 |
| Sources | $ | % |
| Loan | $2,568,850 | 78.80% |
| Equity | $691,150 | 21.20% |
| Total | $3,260,000 | 100.00% |
