7860-7880 NE BAYSHORE CT

DEAL STORY

THE ALPHA COMMERCIAL ADVISORS® is proud to announce the closing of 7860–7880 NE Bayshore Court, a boutique water-adjacent development site with near-term site plan approvals for a 20-unit luxury project in the Shorecrest neighborhood. The deal closed on December 9, 2025 for $1,998,000, with Jamie Rose Maniscalco and Steffanie Jacobson representing both the buyer and the seller in this transaction.

This site is a true gem—where bay views meet the gritty, creative energy of Little River and the connective spine of the NE 79th Street corridor stretching toward North Bay Village. Offering a rare blend of waterfront proximity and urban-core adjacency, the property sits in a uniquely compelling pocket of Miami that feels both intimate and infrastructurally connected. This closing reflects a broader wave of entitled and near-entitled land opportunities coming to market as developers recalibrate amid the challenging cost environment of recent years.

This was the site’s second time coming to market. We had originally pitched for the assignment in 2024, and when the opportunity re-emerged following the expiration of the prior agreement, we welcomed the opportunity to re-engage ownership in a transparent data-driven dialogue around value, strategy, and execution. The sellers expressed a clear price objective, and rather than employing a padded pricing strategy with room to negotiate down, we made the deliberate recommendation to list the property exactly at their strike price—confident that a direct, conviction-driven approach would generate sharper early interest and surface real buyers more quickly.

That approach worked precisely as intended. The site went under contract at full ask within roughly one week, and with other live bids on the table. Leveraging that momentum, we were able to negotiate the best of both worlds for the sellers — a highly competitive price coupled with an accelerated inspection period and closing timeline—something that’s only possible when you’re dealing with site-plan-approved projects rather than raw land that typically requires months of speculative diligence.

The buyer, a boutique development firm headquartered in Denver and Tampa, immediately recognized the rarity of executing a water-view project at this price point in a peripheral Miami market and jumped on the opportunity without hesitation — exactly the type of buyer we like to see! This acquisition marks their first Miami project, and we look forward to watching their vision come to life as the 79th Street corridor continues to evolve alongside the land deals we’re actively closing in the area.

Beyond the numbers, this closing reflects a shared confidence between all parties in the strategy from day one. Trust in the process, respect for the asset, and alignment on execution allowed the deal to move quickly and cleanly—an ALPHA deal through and through where everyone wins!