by Global Lifestyle Properties

Check Availability
$3,900,000
● Land - For Sale

Undisclosed Address

Miami, FL
bedrooms
Studio
bathrooms
0 Bath
$22,048
Est. Monthly

About This Property

The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you're looking at a by-right development potential for up to 116 multifamily units. Here's the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives - no parking required in TOD zones, increased FAR, density, and height - and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Unit Size
-
Days on Market
108 days
Land Size
0.77 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,898
HOA Dues
-
Year Built
-

Listed By

Agustin Duarte
Agustin Duarte
RE/MAX 360 Real Estate

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Last updated: 2 months ago (Miami MLS #A12049108)

Price History

Date / Event Date Event Price
Jul 6, 2026 Listed by RE/MAX 360 Real Estate $3,900,000
Listed by RE/MAX 360 Real Estate

Property Highlights

Exterior Details
Building Name: MELROSE HEIGHTS 4TH SEC
Building Area Units: Square Feet
Lot Features: City Location, 1-2.5 Acres
Lot Size Area: 34000
Lot Size Units: Square Feet
Lot Size Acres: 0.77
Lot Size Square Feet: 34000
Lot Size Dimensions: 13386x25267
Water Source: Municipal Water
Financial Details
Tax Annual Amount: $34,774
Utilities Details
Sewer : Other

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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