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Land in North Miami, FL 33161Griffing Biscayne Park Estates, 550 NE 127th St
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$1,999,000
Beds
0.38
Acre$5,260,526
$/AcrePremium Land
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.
MLS Number: A11963878
On Site: 238 Days
Updated: 127 Days ago
Page Views: 0
Features
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: 111
- 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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Scores
75
100
45
100
51
100
76
100
0
100
32
100
2
100
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
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