Compelling Miami Beach waterfront value at approximately $610 per square foot of land. Set on a substantial 12,151 SF lot with approximately 65 feet on the Biscayne Waterway, this property offers the unusual combination of attractive waterfront land value and a spacious 4,416 SF, five-bedroom residence available for immediate use. Enjoy the existing home, pool, spa and waterfront setting today without the need to undertake an immediate construction project. The one-story residence offers expansive interconnected living and entertaining areas, multiple gathering spaces, a large kitchen and generous utility room. Longer term, the substantial waterfront site provides the flexibility to create a new custom residence if and when desired. An increasingly difficult combination to find in Miami Beach: substantial waterfront land, an immediately usable home, and the ability to determine the property's future on your own timetable. Circular driveway parking. Listing broker has an ownership interest in the property.