The property is ready to be redeveloped and is in a RM-1 (Residential Multifamily) Zoning area, 1 block from Lincoln Rd. Build a single-family house or multiple units up to 9,375 sf (Lot size 50 x 150 = 7,500 X 1.25) with up to 4 stories high. The house is in the lovely, charming Palm View Sub Historic District of Miami Beach and as such, has some design requirements. The owner and his architect had preliminary meetings with the City regarding the redevelopment. The current house is occupied, and the guest house is rented month to month for $2,500 per month.