See Home Value
$21,124,885*
Land - Off Market

51 NE 22nd St

Miami, FL 33137
bedrooms
Studio
bathrooms
0 Bath
$18,810,000 - $22,990,000
Reference Base Price*
1.08%
Since Sep 1, 2023
FL-Miami
Primary Model
Sold Oct 26, 1993
$190,000
$165,000 by Fl Power & Light Co
Mortgage

About This Property

This OZ site consists of 1.3+ acres across 6 contiguous parcels of prime land in Miami's Edgewater neighborhood. Situated just 2 blocks West of Biscayne Boulevard, with a flow-through assemblage connecting NE 22nd and NE 23rd Streets, this site represents an opportunity to build in one of South Florida's most walkable and vibrant neighborhoods. The T6-8-O zoning provides for approx. 299,677 buildable square feet and 204 residential units

with an additional FLR 5/25% via a public benefits bonus.
Unit Size
-
Days on Market
-
Land Size
1.30 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3,009
HOA Dues
-
Year Built
1972

Price History

Date / Event Date Event Price
Aug 26, 2023 No longer available -
No longer available
Jan 14, 2023 Price Decreased $20,900,000
↓ $1M (4.6%)
Price Decreased
Dec 11, 2022 Price Increased $21,900,000
↑ $2M (12.3%)
Price Increased
Dec 11, 2022 Relisted $19,500,000
Relisted
Oct 19, 2022 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 0
  • Roof Cover Type: Other
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,923
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: RIDGEVIEW ADDN
  • Land Acres: 0.503
  • Standard Land Use Code: Parking lot
  • Legal Description 1: RIDGEVIEW ADDN PB 4-175 LOTS 15 - 16 - 17 LOT SIZE 21923 SQ FT OR 16102-3606 0993 2

Ownership

  • Current Owner : URSUS INC
  • Previous Owner : FL POWER & LIGHT CO
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002100

Zoning

  • Zoning: 6100

Geography

  • Assessors Map Reference: 152
  • District: 01
  • Parcel: 01-3125-015-0130
  • Block: 2
  • Lot: 15-16
  • Meridian: SEC 25 TWN 53S RNG 41E
  • Municipality: MIAMI
  • Latitude: 25.7983
  • Longitude: -80.1934

    Address

  • Full Address: 51 Ne 22nd St
  • Address - House Number: 51
  • Street Direction: NE
  • Address - Street Name: 22nd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Zip Code: 33137

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $49,919
  • Tax Rate Code Area: 100

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $165,000
  • First Open Lien Mortgage Lender: FL POWER & LIGHT CO
  • First Open Lien Mortgage Recording Date: Oct 26, 1993
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $165,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $4,386,140
  • Market Land Value: $4,384,600
  • Market Improvement Value: $1,540

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,481,957

    Sales

  • Current Sale Contract Date: Sep 24, 1993
  • Current Sale Recording Date: Oct 26, 1993
  • Current Sale Transaction ID: 11457849380
  • Current Sale Price: $190,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FL POWER & LIGHT CO
  • First Mortgage Transaction Date: Oct 26, 1993
  • First Mortgage Loan Amount: $165,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Fixed Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
-
$23,900,000 Jun 9, 2022
-
$10,346/mo
Commercial
Loft
-
-
$18,500,000 Dec 20, 2022
-
$2,221/mo

About Northern Miami


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Nearby Rentals

Unit for rent at 4300 Biscayne Blvd, Miami, FL, 33137

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  • 1 Bath
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Frequently Asked Questions

When was property at 51 Northeast 22nd Street built and last sold?
The property at 51 Northeast 22nd Street was built in 1972 and last sold on Sep 24, 1993 for $190,000.
How much is this home worth?
The estimated value of the home located at 51 Northeast 22nd Street is $19,695,000.
What are some comparable homes to 51 Northeast 22nd Street?
Homes that are comparable to 51 Northeast 22nd Street include a commercial property at 1040 Biscayne Boulevard, 2010 Northwest Miami Court, which are both great to check out.

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