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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 />17749 Collins Avenue, Unit 801 <br />Sunny Isles Beach, Florida 33160 <br />Unit Folio No. <br />31-2211-083-0050 <br />Zoning: <br />MU -R, a mixed use resort district by the City of <br />Sunny Isles Beach, Florida. <br />Site Size: <br />2.275 acres or 99,099 square feet (Survey& Public <br />Records) - Entire Project Site. <br />Census Tract: <br />1.26 <br />Flood Zone: <br />X, AE and VE (See Addenda) <br />June 3, 2025 <br />June 4, 2025 <br />Property Rights Appraised: Fee Simple Estate <br />Highest & Best Use: Continuation of the existing condominium project <br />Marketing/Exposure Time: Within 12 months <br />VALUE INDICATIONS <br />Sales Comparison Approach: $125.00 Per SF <br />Final Per SF of Allowable FAR $125.00 Per SF <br />75 <br />