Land in North Miami, FL 33161Griffing Biscayne Park Estates, 550 NE 127th St
$1,999,000
Beds
0.38
Acre$5,260,526
$/AcrePremium LandProperty Type
0.38 AcresLot Size
$5,260,526/AcrePrice per acre
Rare shovel-ready 16-unit multifamily development opportunity in North Miami. Fully approved plans and zoning in place. 17,384 total buildable SF across 16 units (8 2/1s, 6 3/2s, 2 4/3s). Strong rental comps averaging ~$2.85/SF. Ideal for long-term hold investor, family office, or builder seeking reduced entitlement risk. All approvals complete — ready for immediate vertical construction. Offering includes land and approved plans.
Listing Courtesy Of: Keller Williams Realty SW
Local Realty Services Provided By: Best of Luxury Realty
On Site: 259 DaysUpdated: 7 Days agoPage Views: 0
Features
MLS Number: A11963878
All features
- Property SqFt: 16500
- Remarks: Rare shovel-ready 16-unit multifamily development opportunity in North Miami. Fully approved plans and zoning in place. 17, 384 total buildable SF across 16 units (8 2/1s, 6 3/2s, 2 4/3s). Strong rental comps averaging ~$2.85/SF. Ideal for long-term hold investor, family office, or builder seeking reduced entitlement risk. All approvals complete — ready for immediate vertical construction. Offering includes land and approved plans.
- Internet Remarks: Rare shovel-ready 16-unit multifamily development opportunity in North Miami. Fully approved plans and zoning in place. 17, 384 total buildable SF across 16 units (8 2/1s, 6 3/2s, 2 4/3s). Strong rental comps averaging ~$2.85/SF. Ideal for long-term hold investor, family office, or builder seeking reduced entitlement risk. All approvals complete — ready for immediate vertical construction. Offering includes land and approved plans.
- Waterfront: No info
- Directions: Northeast
- Days on Market: 252
- Compass Point: NE
- Office Name: Keller Williams Realty SW
- Area: 16500
- Taxes: 12359
- Tax Year: 2025
- Listing Date: 2026-02-12T14:33:37.000-00:00
- Lot Size Square Feet: 16500
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
02/11/2026
Listed
$2M
$121 ft2
$1,304 m2
02/11/2026
$2M
Event
Listed
Price Per
$121 ft2
$1,304 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Alberto Vasquez • Keller Williams Realty SW • Buyer Agency Compensation .
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Community Snapshot
2 – 6 BR
Bedrooms
$529K – $2.1M
Price Tier
832 - 7,259
SqFt Range
1950
Year Build
1
Total Floors
418
Total Units
All North Miami, FL Premium Premium Homes & Condos
- Alberta Biscayne Condo1
- Alhambra Heights House2
- Aviation Country Club Mixed3
- Baumgartner House0
- Bellwood Homesites House0
- Biscayne Highlands House4
- Biscayne Village Heights House1
- Breezeswept Estates House7
- Breezy Heights House1
- Brian Manors House1
- Carlaine Terrace House0
- Casa Bella Villas Townhouse1
- Cherney House0
- Crosswinds House0
- Dixianna Villas House1
- Dixie Gardens Mixed7
- Green Oaks House1
- Griffing Biscayne Park Estates House13
- Heritage Of Sans Souci Condo0
- Irons Manor House6
- Kerwood Manor House0
- Keystone Manor Condo1
- Majorca Towers Condo6
- Mansionette Homes House1
- Melrose Point At Sans Souci Mixed0
- Moonraker Condo1
- North Shore Heights House2
- Overbrook Shores House10
- Palomar Mixed2
- Parkview Villas Townhouse1
- Poincianna Manor House1
- Priors To Biscayne Park Estates House2
- Pritt Manor House0
- Rivera Manor House0
- Shephard Heights House2
- Sunkist Grove House4
- Tobler Terrace House0
Other North Miami, FL Homes & Condos Price Range Segments
Entry-Level
Entry-Level59
- 12590 Coronado Towers Condo5
- 1475 Terra Towers Condo1
- 3 Horizons East Condo6
- 3 Horizons North Condo5
- 3 Horizons South Condo3
- 770 Condo Condo1
- Academy Heights Multifamily0
- Adlerama Estates Townhouse0
- Arch Creek Landing Condo2
- Bayview Palms Condo16
- Bayview Towers North Condo11
- Bayview Towers South Condo13
- Brookview Condo6
- Capri Gardens Condo14
- Claremont Place Condo1
- Collonade Mixed0
- Cricket Club Condo3
- Dorset House Condo2
- Executive Manors Mixed0
- Fairview House0
- Forever Elegant Condo1
- Gold Coast Condo2
- Greenwich Condo4
- Heritage Condo2
- Hidden Waters Condo0
- Irons Manor High Pine House5
- Keystone Arms Condo2
- Keystone Bay Condo1
- Keystone Harbor Club Condo7
- Keystone Towers Condo10
- La Castellana Condo1
- Malky Condo1
- Marbella Condo5
- Marina Park Condo0
- Mountclair Villas Townhouse1
- North Miami Gardens House0
- North Miami No HOA Mixed0
- Northeast Palms Condo1
- One Fifty One At Biscayne Condo11
- One Fifty One At Biscayne Condo18
- Oxford Court Condo1
- Park Fountain Condo1
- Patkay Multifamily1
- Rucks Park House3
- Sailboat Cay Condo22
- Sans Souci Condo3
- Sutton House Condo12
- The Fairmont House Co-Op3
- The Leeward Condo0
- The Oaks In North Miami Condo0
- The White House Condo5
- Tropical Terrace Condo1
- Vecino Del Mar Condo8
- Venice Arms Co-Op2
- Waterside Towers Condo3
- Wendover Condo2
- Windward Condo4
- Woodcreek Condo1
- Zurich Condo1
Mid-Tier
Mid-Tier23
- Almar House1
- Archwood House1
- Areta Estates Townhouse4
- Biscayne Park Estates Mixed0
- Biscayne Point Condo1
- De Pauly Heights House1
- Elbaroda Grove House2
- Fairmont House1
- Foster & Sanchez House1
- Gregory Heights House1
- Hampshire Heath Multifamily1
- Hidden Cove Townhouses Townhouse0
- Keystone Gardens Condo2
- Kirkpatrick House1
- Lamor Estates House0
- Lerob House0
- Nichols Heights House8
- Park Ridge House2
- Park View Square House0
- Primrose Park House0
- Stanley Heights House1
- Sunny Acres House1
- Taylor Manor House0
High-End
High-End1
Ultra Luxury
Ultra Luxury3
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