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Tranquilla, 125 NE 55th St
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OFF MARKET
$578,000
0.16
AcreStatus
OFF MARKETExpired
Size
0.16 Acres (641 m2)
Price
$3,612,500/Acre ($902/m2)
Type
Land
MLS Number
A11907537
On Site
315 Days
Updated
310 Days ago
Page Views
0
Prime development site in Miami’s emerging Magic City corridor. This property offers approved architectural plans for a five-unit multifamily building (two 2BD/1BA and three 2BD/2BA) and has already completed the City of Miami plan review process, allowing the new owner to proceed directly toward permit issuance. The neighborhood continues to transform with a steady influx of new housing and short-term rental projects, driving both demand and property values. Conveniently located minutes from the Design District, Midtown, and Wynwood, this site provides an excellent opportunity for an investor or builder seeking a ready-to-go infill project in a proven growth area.
Features
All features
- Property SqFt: 6900
- Remarks: Prime development site in Miami’s emerging Magic City corridor. This property offers approved architectural plans for a five-unit multifamily building (two 2BD/1BA and three 2BD/2BA) and has already completed the City of Miami plan review process, allowing the new owner to proceed directly toward permit issuance. The neighborhood continues to transform with a steady influx of new housing and short-term rental projects, driving both demand and property values. Conveniently located minutes from the Design District, Midtown, and Wynwood, this site provides an excellent opportunity for an investor or builder seeking a ready-to-go infill project in a proven growth area.
- Internet Remarks: Prime development site in Miami’s emerging Magic City corridor. This property offers approved architectural plans for a five-unit multifamily building (two 2BD/1BA and three 2BD/2BA) and has already completed the City of Miami plan review process, allowing the new owner to proceed directly toward permit issuance. The neighborhood continues to transform with a steady influx of new housing and short-term rental projects, driving both demand and property values. Conveniently located minutes from the Design District, Midtown, and Wynwood, this site provides an excellent opportunity for an investor or builder seeking a ready-to-go infill project in a proven growth area.
- Waterfront: No info
- Directions: South
- Days on Market: 6
- Compass Point: NE
- Office Name: Capital Nest Realty, LLC
- Area: 6900
- Taxes: 7281
- Tax Year: 2025
- Listing Date: 2025-11-03T17:15:28.000-00:00
- Lot Size Square Feet: 6900
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
11/03/2025
Listed
$578K
$84 ft2
$902 m2
11/03/2025
$578K
Event
Listed
Price Per
$84 ft2
$902 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Marwan Iskandar • Capital Nest Realty, LLC • Buyer Agency Compensation .
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Scores
90
100
52
100
79
100
71
100
0
100
33
100
3
100
Community Snapshot
$1.1M – $1.4M
Price Tier
822 - 4,289
SqFt Range
1940
Year Build
1
Total Floors
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