$1,495,000

Oversized 75' x 125' lot in Flamingo Park, perfect for redevelopment. Per architect, the 1920s Spanish Mission on the west side of the property is historically contributing (950 square feet) and the detached garage structure (216 square feet) is historically contributing, but the rest of the structures were built later and could potentially be razed. One idea is to keep the existing front house as a guest cottage and build a new 2500 square foot addition to the garage to create a new Spanish Style main house. Adding a pool and awning loggia between the to create an amazing compound. Or one could potentially add 784 to the garage to add a second bay plus a guest suite above and then add to the main house in the big open area to the east of it. The lot is really a lot and a half compared to the typical Flamingo Park lot size and is surrounded by lush landscaping for privacy. On the east side of the lot stand three stately Royal Palms. Current owners brought natural gas to the property and a generator. Max FAR based on this oversized lot should enable up to 3,750 square feet of total area, and with premiere Flamingo Park properties selling for north of $1000 per square foot, real value can be created here for a developer or end user with vision and a talented architect by creating a true signature Flamingo Park Spanish Mission Compound.