Northern Boulevard, 3049 NW 5th Ave

Beds
0.17
Acre
$7,058,824
$/Acre
High-End Land
Rare development opportunity in Miami’s thriving Wynwood Norte neighborhood—this vacant lot is zoned for up to 24 residential units, with the potential for significantly greater height and density under the Live Local Act. Perfectly positioned just minutes from Wynwood Walls, Midtown, and the Design District, the property offers excellent visibility in one of the city’s most dynamic areas. Adjacent property owners have expressed interest in selling, making this an ideal moment to assemble a larger footprint. Whether you're developing market-rate housing, co-living, or a mixed-use concept, this site offers unmatched flexibility and long-term value. Seize the chance to be part of Wynwood Norte’s growth and transform this prime parcel into a standout project.
MLS Number: A11788309
On Site: 532 Days
Updated: 45 Days ago
Page Views: 0

Features

All features
  • Property SqFt: 7200
  • Remarks: Rare development opportunity in Miami’s thriving Wynwood Norte neighborhood—this vacant lot is zoned for up to 24 residential units, with the potential for significantly greater height and density under the Live Local Act. Perfectly positioned just minutes from Wynwood Walls, Midtown, and the Design District, the property offers excellent visibility in one of the city’s most dynamic areas. Adjacent property owners have expressed interest in selling, making this an ideal moment to assemble a larger footprint. Whether you're developing market-rate housing, co-living, or a mixed-use concept, this site offers unmatched flexibility and long-term value. Seize the chance to be part of Wynwood Norte’s growth and transform this prime parcel into a standout project.
  • Internet Remarks: Rare development opportunity in Miami’s thriving Wynwood Norte neighborhood—this vacant lot is zoned for up to 24 residential units, with the potential for significantly greater height and density under the Live Local Act. Perfectly positioned just minutes from Wynwood Walls, Midtown, and the Design District, the property offers excellent visibility in one of the city’s most dynamic areas. Adjacent property owners have expressed interest in selling, making this an ideal moment to assemble a larger footprint. Whether you're developing market-rate housing, co-living, or a mixed-use concept, this site offers unmatched flexibility and long-term value. Seize the chance to be part of Wynwood Norte’s growth and transform this prime parcel into a standout project.
  • Waterfront: No info
  • Directions: West
  • Days on Market: 486
  • Compass Point: NW
  • Office Name: SM Contracting, LLC.
  • Area: 7200
  • Taxes: 8457
  • Tax Year: 2024
  • Listing Date: 2025-04-22T08:18:45.000-00:00
  • Lot Size Square Feet: 7200

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Price History

Current
$1.2M
High
$2.5M
Low
$1.2M
Total Change
-52%
$2.7M$1.9M$1MApr 25May 26May 26Aug 26
Date
Event
Price
Change
Price Per
08/21/2026
Price Reduced
$1.2M
-14.29%
$167 ft2
$1,794 m2
05/07/2026
Price Reduced
$1.4M
0%
$194 ft2
$2,093 m2
05/07/2026
Price Reduced
$1.4M
-44%
$194 ft2
$2,093 m2
04/22/2025
Listed
$2.5M
 
$347 ft2
$3,737 m2
08/21/2026
$1.2M
Event
Price Reduced
Change
-14.29%
Price Per
$167 ft2
$1,794 m2
05/07/2026
$1.4M
Event
Price Reduced
Change
0%
Price Per
$194 ft2
$2,093 m2
05/07/2026
$1.4M
Event
Price Reduced
Change
-44%
Price Per
$194 ft2
$2,093 m2
04/22/2025
$2.5M
Event
Listed
Price Per
$347 ft2
$3,737 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Stephen Meruelo • SM Contracting, LLC. • Buyer Agency Compensation .

Transit & Commute from Northern Boulevard

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42
Traffic score
Congested area. Frequent traffic delays
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Scores

Walk Score®
Very Walkable. Most errands can be accomplished on foot
86

100
Transit Score®
Good Transit. Many nearby public transportation options
56

100
Bike Score®
Very Bikeable. Biking is convenient for most trips
76

100
Sound Score®
Very loud
67

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Congested area. Frequent traffic delays
42

100
Local Score
Limited local amenities nearby
3

100
Community Snapshot
1 – 3 BR
Bedrooms
$359K – $1.7M
Price Tier
401 - 7,150
SqFt Range
1974
Year Build
8
Total Floors

Subdivision Amenities

Cabana
Dog Park
Pool
Recreation Facilities
Sauna

Miami
High-End
High-End Homes & Condos

Northern Boulevard Communities in Miami, FL

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Miami, FL Price Range Segments