Washington Place, 1000 NE 72nd Ter

$25M20%
$20,000,000
1.43
Acre
Status
Sold - Sep 08, 2025
Size
1.43 Acres (5,759 m2)
Price
$13,986,014/Acre ($3,473/m2)
Type
Land
MLS Number
A11454634
View
Bay
On Site
1083 Days
Updated
18 Days ago
Page Views
0
Rare opportunity to acquire the only waterfront single-family estate home development site in Miami, with fully approved entitlements to build 5 visionary residences including the architecturally significant Prescott Mansion. Offering a combined 61,989 square feet of prime land in the heart of Miami with 345+ feet of open water frontage that showcases stunning downtown views. Property plans deliver a collection of meticulously crafted luxury homes featuring four deep water docks for up to 100’ yachts paired with each of the waterfront estates. Every detail was strategically thought out by a world-class team for seamless execution.

Features

All features
  • Property SqFt: 61989
  • Remarks: Rare opportunity to acquire the only waterfront single-family estate home development site in Miami, with fully approved entitlements to build 5 visionary residences including the architecturally significant Prescott Mansion. Offering a combined 61, 989 square feet of prime land in the heart of Miami with 345+ feet of open water frontage that showcases stunning downtown views. Property plans deliver a collection of meticulously crafted luxury homes featuring four deep water docks for up to 100’ yachts paired with each of the waterfront estates. Every detail was strategically thought out by a world-class team for seamless execution.
  • Internet Remarks: Rare opportunity to acquire the only waterfront single-family estate home development site in Miami, with fully approved entitlements to build 5 visionary residences including the architecturally significant Prescott Mansion. Offering a combined 61, 989 square feet of prime land in the heart of Miami with 345+ feet of open water frontage that showcases stunning downtown views. Property plans deliver a collection of meticulously crafted luxury homes featuring four deep water docks for up to 100’ yachts paired with each of the waterfront estates. Every detail was strategically thought out by a world-class team for seamless execution.
  • View: Bay
  • Waterfront: Yes
  • Directions: East
  • Days on Market: 165
  • Closing Date: 2025-09-08
  • Office Name: Compass Florida, LLC
  • Area: 61989
  • Taxes: 134181
  • Tax Year: 2022
  • Listing Date: 2023-09-28T15:28:32.000-00:00
  • Lot Size Square Feet: 61989

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Price History

Current
$20M
High
$25M
Low
$20M
Total Change
-20%
$25.6M$22.5M$19.4MSep 23Sep 23Sep 25Sep 25
Date
Event
Price
Change
Price Per
09/08/2025
Sold
$20M
0%
$323 ft2
$3,473 m2
09/08/2025
Price Reduced
$20M
0%
$323 ft2
$3,473 m2
09/18/2023
Price Reduced
$20M
-20%
$323 ft2
$3,473 m2
09/18/2023
Listed
$25M
 
$403 ft2
$4,341 m2
09/08/2025
$20M
Event
Sold
Change
0%
Price Per
$323 ft2
$3,473 m2
09/08/2025
$20M
Event
Price Reduced
Change
0%
Price Per
$323 ft2
$3,473 m2
09/18/2023
$20M
Event
Price Reduced
Change
-20%
Price Per
$323 ft2
$3,473 m2
09/18/2023
$25M
Event
Listed
Price Per
$403 ft2
$4,341 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Chad CarrollCompass Florida, LLC • Buyer Agency Compensation .

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Scores

Walk Score®
Very Walkable. Most errands can be accomplished on foot
70

100
Transit Score®
Some Transit. A few nearby public transportation options
49

100
Bike Score®
Bikeable. Some bike infrastructure
50

100
Sound Score®
Bearable noise
76

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
32

100
Local Score
Limited local amenities nearby
0

100
Community Snapshot
2 – 6 BR
Bedrooms
$1.3M – $24.9M
Price Tier
977 - 8,118
SqFt Range
1947
Year Build

Miami
High-End
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