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Property Type: <br />Property Description: <br />Date of Value: <br />Date of Report <br />EXECUTIVE SUMMARY <br />A multi -family zoned ocean front parcel of land. <br />Location <br />18 401 Collins Avenue. <br />Sunny Isles Beach, Florida 33160 <br />Folio Number <br />31-2202-003-0210 <br />Zoning: <br />MU-R, a mixed use resort district by the City of <br />Sunny Isles Beach_ Florida. <br />Site Size: <br />3.5601 acres or 155,077 square feet - Total Parcel <br />2.366 acres or 103,041 square feet - Project Site <br />Census Tract: <br />1.23 <br />Flood Zone: <br />X, AE and VE (See Addenda) <br />July 12, 2021 <br />July 13, 2021 <br />Property Rights Appraised: Fee Simple Estate <br />Highest & Best Use: Future condominium development in accordance with the zoning code <br />and Sunny Isles Beach LDR. <br />Marketing/Exposure Time: Within 12 months <br />VALUE INDICATIONS <br />Sales Comparison Approach: $59,000,000 <br />Final Per SF of Allowable FAR $125.00 <br />