Home » Properties » 1331 14th Ter, Miami Beach FL 33139

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Development Opportunity: Luxury Townhomes in Miami Beach

Prime land in Miami Beach for two luxury townhomes by José Sánchez, with approved permits and existing rental income.

$2,549,000

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MLS #A11708509

Listing Updated: 2026-07-17 06:40:22

Listed By: C W V Realty Group LLC

Overview

This unique property at 1331 14th Ter, Miami Beach, offers a rare opportunity to develop two luxury townhomes designed by the acclaimed architect José Sánchez of Praxis. Each townhome will span four floors plus a rooftop, providing 2,960 sqft of air-conditioned living space. The design includes four bedrooms, four bathrooms, private balconies for every bedroom, a private elevator, and two parking spaces per unit, catering to discerning buyers seeking modern and spacious homes in a prime location. The permitting process is already underway with the City of Miami Beach, streamlining the development timeline. Currently, the property includes an existing house generating $3,200 monthly rental income with a lease valid until June 30, 2026.

Property Highlights

Two luxury townhomes planned by renowned architect José Sánchez; 2,960 sqft per unit; four bedrooms and bathrooms; private balconies and elevator; two parking spaces per unit; permits in progress; existing rental income of $3,200/month.

Property Details

City: Miami Beach

State: FL

Zip Code: 33139

Address: 1331 14th Ter, Miami Beach FL 33139

Year Built:

Property Type: Land/Boat Docks

Property Sub Type: Residential

Listing Office Name: C W V Realty Group LLC

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $20,752

Days On Market: 592 Days

Original Listing Description

This opportunity offers the chance to develop two luxurious townhomes designed by the renowned architect José Sánchez of Praxis, with development led by CWV Homes. Each townhome will feature four floors plus a rooftop, offering 2,960 square feet of air-conditioned space. The layout includes four bedrooms and four bathrooms, with private balconies for every bedroom, a private elevator, and two parking spaces per unit. These features cater to high-end buyers seeking modern, spacious living in Miami Beach. The permitting process is already underway with the City of Miami Beach, helping reduce the overall timeline for development. The property currently includes an existing house generating $3,200 in monthly rental income. The lease for this house is in place until June 30, 2026

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1331 14th Ter, Miami Beach FL 33139

About This Neighborhood

Located in Miami Beach’s vibrant 33139 ZIP code, this property benefits from proximity to world-class beaches, dining, and cultural attractions. The neighborhood combines residential charm with urban convenience, offering residents easy access to entertainment, shopping, and waterfront amenities. Miami Beach is known for its dynamic lifestyle and strong appeal to both locals and visitors, making it an ideal location for upscale residential development.

Walkability & Lifestyle

Situated in a walkable area of Miami Beach, this property offers easy access to restaurants, boutique shops, and local markets. Residents can enjoy nearby beaches and waterfront parks, promoting an active outdoor lifestyle. The neighborhood’s pedestrian-friendly streets encourage exploration and provide daily convenience for errands and leisure activities.

Things To Do Nearby

Miami Beach is rich in lifestyle amenities including vibrant nightlife, fine dining, cultural events, and outdoor recreation. Residents can enjoy boating, golf, and beach activities, as well as art galleries and festivals. The area’s dynamic social scene and natural beauty create an engaging environment for diverse interests.

Nearby Schools

Families considering this Miami Beach location will find access to reputable educational institutions within reasonable distance. The area offers a variety of public and private schools, providing options for different educational needs. Convenient transportation routes facilitate easy commutes to nearby schools, enhancing the neighborhood’s appeal for residents with children.

Why Buyers Like This Area

Buyers are drawn to this area for its blend of luxury living, prime location, and lifestyle amenities. The planned townhomes offer spacious, modern designs with premium features such as private elevators and balconies. Miami Beach’s reputation as a premier coastal destination adds to the property’s appeal, making it suitable for families, professionals, and those seeking a refined living environment.

Investment Potential

This Miami Beach property presents a compelling development opportunity in a highly sought-after area. The approved permitting process reduces time to market, appealing to buyers and developers focused on quality and location. The existing rental income from the current house adds value and cash flow during development. The design by José Sánchez ensures a premium product that aligns with the expectations of high-end buyers in Miami Beach’s competitive market.

Market Trends

Miami Beach’s real estate market continues to attract buyers seeking luxury and modern living spaces. Demand for well-designed townhomes remains strong, supported by limited inventory and the area’s desirability. The ongoing permitting process for this property aligns well with market expectations for new construction, positioning it competitively among similar offerings in the region.

Rental Income Potential

The existing house on the property currently generates $3,200 in monthly rental income, secured by a lease through June 2026. This steady income stream provides financial support during the development phase. The location’s strong rental demand, driven by Miami Beach’s popularity, suggests continued tenant interest for well-located residential units once the new townhomes are completed.