Lawrence Estates Land, 1547 NW 2nd St
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Closed
$950,000
0.16
AcreStatus
Sold - Oct 03, 2022
Size
0.16 Acres (650 m2)
Price
$5,937,500/Acre ($1,461/m2)
Type
Land
MLS Number
A11257309
On Site
1491 Days
Updated
18 Days ago
Page Views
0
Site Plan Approved 2-story 10-unit development site in Little Havana, Miami, Florida w/ 100% parking reduction. Permit approval & 100% parking reduction approval in next 2 to 3 months. “The Pennant Apartments” has the permit set available for review during due diligence. Plans & renderings by Modis Architects. Zoned T5, the project is on a 7,000 SF lot w/ 8,745 planned buildable & 6,593 leasable SF. Existing improvements generate current income of $2,300/mo covering expenses until demo. Hot Little Havana continues to develop as Brickell expands wests & achieves $4/SF/mo in rental rates. See attached proforma rental model & development/IRR model showing a approx. 32% return. Near the Stadium & well positioned between Brickell, Wynwood, the Hospital District, Roads, Gables & Grove.
Features
All features
- Property SqFt: 7000
- Remarks: Site Plan Approved 2-story 10-unit development site in Little Havana, Miami, Florida w/ 100% parking reduction. Permit approval & 100% parking reduction approval in next 2 to 3 months. “The Pennant Apartments” has the permit set available for review during due diligence. Plans & renderings by Modis Architects. Zoned T5, the project is on a 7, 000 SF lot w/ 8, 745 planned buildable & 6, 593 leasable SF. Existing improvements generate current income of $2, 300/mo covering expenses until demo. Hot Little Havana continues to develop as Brickell expands wests & achieves $4/SF/mo in rental rates. See attached proforma rental model & development/IRR model showing a approx. 32% return. Near the Stadium & well positioned between Brickell, Wynwood, the Hospital District, Roads, Gables & Grove.
- Internet Remarks: Site Plan Approved 2-story 10-unit development site in Little Havana, Miami, Florida w/ 100% parking reduction. Permit approval & 100% parking reduction approval in next 2 to 3 months. “The Pennant Apartments” has the permit set available for review during due diligence. Plans & renderings by Modis Architects. Zoned T5, the project is on a 7, 000 SF lot w/ 8, 745 planned buildable & 6, 593 leasable SF. Existing improvements generate current income of $2, 300/mo covering expenses until demo. Hot Little Havana continues to develop as Brickell expands wests & achieves $4/SF/mo in rental rates. See attached proforma rental model & development/IRR model showing a approx. 32% return. Near the Stadium & well positioned between Brickell, Wynwood, the Hospital District, Roads, Gables & Grove.
- Waterfront: No info
- Days on Market: 8
- Closing Date: 2022-10-03
- Compass Point: NW
- Office Name: Douglas Elliman
- Area: 7000
- Taxes: 5895
- Tax Year: 2021
- Listing Date: 2022-08-16T10:08:02.000-00:00
- Lot Size Square Feet: 7000
Apples-to-Apples Comparables
Price History
Current
$950K
High
$950K
Low
$950K
Total Change
0%Date
Event
Price
Change
Price Per
06/09/2026
Sold
$950K
0%$136 ft2
$1,461 m2
10/02/2022
Price Reduced
$950K
0%$136 ft2
$1,461 m2
08/15/2022
Listed
$950K
$136 ft2
$1,461 m2
06/09/2026
$950K
Event
Sold
Change
0%Price Per
$136 ft2
$1,461 m2
10/02/2022
$950K
Event
Price Reduced
Change
0%Price Per
$136 ft2
$1,461 m2
08/15/2022
$950K
Event
Listed
Price Per
$136 ft2
$1,461 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Brian Carter • Douglas Elliman • Buyer Agency Compensation .
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Scores
95
100
83
100
82
100
69
100
0
100
41
100
1
100
Community Snapshot
2 – 6 BR
Bedrooms
$499K – $6.5M
Price Tier
700 - 16,054
SqFt Range
1948
Year Build
2
Total Floors
Subdivision Amenities
Laundry
Miami Premium Premium Homes & Condos
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- 32 Flagler Condo0
- 36th St Manors House1
- 4470 Condo Condo0
- 755 Building Condo1
- 7th Avenue Highlands House7
- Alcala Plaza Condo1
- Allapattah Mixed0
- Allapattah Manors House1
- Allapattah School Multifamily3
- Altos De Miami Condo5
- Andalusia Condo0
- Aragon Plaza Condo1
- Arthur Treister Estates House0
- Auburndale House0
- Avalon Townhouse0
- Barcelona Condo0
- Bayshore Place Condo6
- Beacom Manor Multifamily2
- Bella Vista Palace Condo0
- Beverly Heights Multifamily1
- Biscayne Avenue Land3
- Blake Multifamily1
- Blanton Park Multifamily0
- Blue Lagoon Condo17
- Bon Aire Multifamily2
- Boscoble House2
- Bowling Green Mixed4
- Brae Burn House1
- Brickell 25 Condo2
- Brickell East Condo1
- Buena Vista Gardens House9
- Buena Vista Park Mixed2
- Carolynn Townhouse Condo1
- Catalonia Condo0
- Central Park Multifamily4
- City Line Park House2
- City View By The River Condo0
- Clipper On The Bay Condo2
- Comfort Gardens Mixed3
- Coral Bay Racquet Club Condo1
- Coral Gardens Condo1
- Coral Palms Condo0
- Coral Pointe Condo3
- Coral Ridge House1
- Coral Way Gardens Condo1
- Coral Way Manor Condo2
- Coral Way Towers Condo2
- Cordoba Condo3
- Cottage Villa House0
- Crosel Heights Multifamily1
- Dixie Highway House11
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- Dupont Square Multifamily0
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- Eby Park Land0
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- El Bosque At Little Havana Condo0
- Ericksons House0
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- Evanston Heights Multifamily2
- Evergreen Lawns Mixed2
- Fairhaven Gardens House2
- Fairway Multifamily2
- Flagler First Condo9
- Flagler Lawn House2
- Flagler Terrace House1
- Flora Del Rio House0
- Floral Park House7
- Floyds Groves Estates House1
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- Garden City Multifamily0
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- Granada Grand Condo1
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- Greenwells Multifamily0
- Grosse Pointe Highlands House3
- Grove Gardens Condo1
- Grove View Condo0
- Grove Way Condo0
- Groveland Park Mixed6
- Harrisons Multifamily0
- Havana Lofts Condo7
- Henry Ford Mixed1
- Highview Multifamily2
- Hillcrest Multifamily2
- Holleman Manor House6
- Houston Heights House2
- Ideal Homes House2
- Inglewood Gardens Multifamily1
- Island Del Mar Condo4
- Jaragua Plaza Condo1
- Jay Bob House1
- Jewell Heights Multifamily1
- Jubilee Villas Condo0
Lawrence Estates Land Communities in Miami, FL
Entry-Level
Entry-Level 1
Inactive Segment
Inactive Segment 1
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