417 NE 26th Street

417 NE 26th Street is a single-folio T6-36a-L parcel in East Edgewater, between Biscayne Boulevard and Biscayne Bay. The ±4,950 SF site is improved with a masonry building of seven one-bedroom residences, and all seven are leased. The property produces $158,600 of gross annual income while the land holds its position one block from the bay.

The rent roll is short. Four units are month-to-month and a fifth expires in about four months. The two most recent leases were signed at $1,950 and $2,050, against an in-place average of $1,864. A new owner can re-lease at market or reposition the building on its own timeline.

The zoning permits hotel and short-term rental use by right, with no variance or rezoning. The seven residences are self-contained, each with its own kitchen, bath, and entry, so the building can operate at nightly rates without structural work.

Development stays optional. The site supports approximately 17 units by right, and approximately 34 with the density bonus under the City of Miami Resilience Trust Fund program, subject to eligibility. The buyer can collect the income today and redevelop on its own schedule.

Whole Foods, Missoni Baia, and the new 2600 Biscayne office and Equinox, which is under construction, are all within a few blocks. Wynwood and the Design District are less than a mile away. This is an off-market offering. Tours are by appointment only, and ownership and tenants should not be contacted.