821 Espanola Way Miami Beach FL 33139 | MLS #A12061441

Rare value-add opportunity on coveted Española Way! This 5-bedroom, 4.5-bath property sits directly across from Flamingo Park, just steps from Lincoln Road and the beach. Currently operating as four separate living spaces, the property includes a main residence with a private backyard, two studio-style spaces generating rental income, and a detached 1-bedroom guest house with a private balcony. Offering a rare opportunity to restore its original single-family character while retaining a separate guest house, or capitalize on its existing income-producing layout. Nestled on a quiet cul-de-sac with minimal traffic and ample street parking. A compelling opportunity to create lasting value in one of South Beach’s most desirable locations.