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Closed
0.16
AcreStatus
Sold - Apr 08, 2022
Size
0.16 Acres (646 m2)
Price
$4,156,250/Acre ($1,030/m2)
Type
Land
MLS Number
A11107204
On Site
1806 Days
Updated
18 Days ago
Page Views
0
DEVELOPERS DREAM!!! Prime land in the heart of Shenandoah/Silver Bluff a few minutes drive to Coconut Grove on 32nd and US1.
Lot is zoned multi-family, T3O, up to 9 units and sits on just under 7000 sf of land, larger than most lots on the market. Build two twin homes that are selling for $1.2 million each, which already exist on the same block and throughout entire area, or fix existing structure and earn 6% CAP RATE immediately. Additionally, add dwellings to the lot and convert it into a tripex or fourplex. At a bargain price of $697,900 still leaves plenty of margin once development is completed.
This will not last so submit offers asap.
Seller may consider some sort of owners finance under certain circumstances with a minimum of 50% downpayment.
Features
All features
- Property SqFt: 6950
- Remarks: DEVELOPERS DREAM!!! Prime land in the heart of Shenandoah/Silver Bluff a few minutes drive to Coconut Grove on 32nd and US1. Lot is zoned multi-family, T3O, up to 9 units and sits on just under 7000 sf of land, larger than most lots on the market. Build two twin homes that are selling for $1.2 million each, which already exist on the same block and throughout entire area, or fix existing structure and earn 6% CAP RATE immediately. Additionally, add dwellings to the lot and convert it into a tripex or fourplex. At a bargain price of $697, 900 still leaves plenty of margin once development is completed. This will not last so submit offers asap. Seller may consider some sort of owners finance under certain circumstances with a minimum of 50% downpayment.
- Internet Remarks: DEVELOPERS DREAM!!! Prime land in the heart of Shenandoah/Silver Bluff a few minutes drive to Coconut Grove on 32nd and US1. Lot is zoned multi-family, T3O, up to 9 units and sits on just under 7000 sf of land, larger than most lots on the market. Build two twin homes that are selling for $1.2 million each, which already exist on the same block and throughout entire area, or fix existing structure and earn 6% CAP RATE immediately. Additionally, add dwellings to the lot and convert it into a tripex or fourplex. At a bargain price of $697, 900 still leaves plenty of margin once development is completed. This will not last so submit offers asap. Seller may consider some sort of owners finance under certain circumstances with a minimum of 50% downpayment.
- Waterfront: No info
- Directions: East
- Days on Market: 178
- Closing Date: 2022-04-08
- Compass Point: SW
- Office Name: Beachfront Realty Inc
- Area: 6950
- Taxes: 8088
- Tax Year: 2020
- Listing Date: 2021-10-05T08:59:33.000-00:00
- Lot Size Square Feet: 6950
Apples-to-Apples Comparables
Price History
Current
$665K
High
$698K
Low
$665K
Total Change
-4.7%Date
Event
Price
Change
Price Per
06/09/2026
Sold
$665K
0%$96 ft2
$1,030 m2
04/07/2022
Price Reduced
$665K
-4.71%$96 ft2
$1,030 m2
10/05/2021
Listed
$698K
$100 ft2
$1,081 m2
06/09/2026
$665K
Event
Sold
Change
0%Price Per
$96 ft2
$1,030 m2
04/07/2022
$665K
Event
Price Reduced
Change
-4.71%Price Per
$96 ft2
$1,030 m2
10/05/2021
$698K
Event
Listed
Price Per
$100 ft2
$1,081 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by David Canal • Beachfront Realty Inc • Buyer Agency Compensation .
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Scores
80
100
57
100
83
100
68
100
0
100
40
100
2
100
Community Snapshot
665 - 5,000
SqFt Range
2015
Year Build
2
Total Floors
Subdivision Amenities
None
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