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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 19051 Collins Avenue, <br />Sunny Isles Beach, Florida 33160 <br />Unit Folio No. 31-2202-016-0001 <br />Zoning: MU-R, a mixed use resort district by the City of <br />Sunny Isles Beach, Florida. <br />Site Size: <br />Public Records - <br />83,521 SF <br />Survey - <br />87,660 <br />Census Tract: <br />1.23 <br />Flood Zone: <br />X, AE and VE (See Addenda) <br />September 10, 2024 <br />September 15, 2025 <br />Property Rights Appraised: Fee Simple Estate <br />Highest &Best Use: The future development with the proposed condominium project. <br />Marketing/Exposure Time: Not Applicable for the purchase of TDR's. However ,a typical land <br />transaction would have an exposure time of at least twelve months. <br />VALUE INDICATIONS <br />Sales Comparison Approach: $125.00 Per SF <br />Final Per SF of Allowable FAR $125.00 Per SF <br />536 <br />