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Address Withheld By Seller, Miami, FL 33142

Miami
Local realty services provided by:CENTURY 21 Hansen Realty
Address Withheld By Seller,Miami, FL 33142
$3,900,000
Virtual Tour
  • 0.78 Acres
  • Lots / Land
  • Active
Listed by: agustin duarte
Office: re/max 360 real estate305-602-0360
MLS#:A12049108
Source:SEFMLS

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Price summary

  • Price:$3,900,000

About this home

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.

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Home facts

  • Subdivision & Development:MELROSE HEIGHTS 4TH SEC
  • Listing ID #:A12049108
  • Updated:July 31, 2026 at 10:03 AM

Structure and exterior

  • Lot area:0.78 Acres

Utilities

  • Water:Public, Water Available
  • Sewer:Sewer Available

Finances and disclosures

  • Price:$3,900,000
  • Tax amount:$34,774 (2025)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. SEFMLS Member Broker: Christine Hansen

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