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Land in Florida City, FL 33034Coral Bay Manor,
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$3,000,000
Beds
0.14
Acre$21,428,571
$/AcreEntry-Level Land
38-Unit Build-Ready Multifamily Development Opportunity in Florida City, FL. Rare investment opportunity featuring approved plans for a 38-unit rental community in one of South Florida’s fastest-growing markets. Strategically located in a high-demand rental area with strong population growth, expanding job market, and excellent access to major highways and the Florida Keys.This shovel-ready development site offers investors and developers the opportunity to capitalize on long-term cash flow and appreciation potential. Projected stabilized financials show approximately $1.4M in gross rental income with projected NOI exceeding $900K annually.Property highlights include approved multifamily zoning, efficient site layout, modern community design, ample parking, and strong rental absorption potential. Ideal for multifamily investors, builders, and developers seeking a high-growth South Florida asset.
MLS Number: A12019296
On Site: 146 Days
Updated: 143 Days ago
Page Views: 0
Features
All features
- Property SqFt: 6000
- Remarks: 38-Unit Build-Ready Multifamily Development Opportunity in Florida City, FL. Rare investment opportunity featuring approved plans for a 38-unit rental community in one of South Florida’s fastest-growing markets. Strategically located in a high-demand rental area with strong population growth, expanding job market, and excellent access to major highways and the Florida Keys.This shovel-ready development site offers investors and developers the opportunity to capitalize on long-term cash flow and appreciation potential. Projected stabilized financials show approximately $1.4M in gross rental income with projected NOI exceeding $900K annually.Property highlights include approved multifamily zoning, efficient site layout, modern community design, ample parking, and strong rental absorption potential. Ideal for multifamily investors, builders, and developers seeking a high-growth South Florida asset.
- Internet Remarks: 38-Unit Build-Ready Multifamily Development Opportunity in Florida City, FL. Rare investment opportunity featuring approved plans for a 38-unit rental community in one of South Florida’s fastest-growing markets. Strategically located in a high-demand rental area with strong population growth, expanding job market, and excellent access to major highways and the Florida Keys.This shovel-ready development site offers investors and developers the opportunity to capitalize on long-term cash flow and appreciation potential. Projected stabilized financials show approximately $1.4M in gross rental income with projected NOI exceeding $900K annually.Property highlights include approved multifamily zoning, efficient site layout, modern community design, ample parking, and strong rental absorption potential. Ideal for multifamily investors, builders, and developers seeking a high-growth South Florida asset.
- Waterfront: No info
- Days on Market: 3
- Office Name: DG Pinnacle Realty
- Area: 6000
- Taxes: 35000
- Tax Year: 2026
- Listing Date: 2026-05-15T13:32:07.000-00:00
- Lot Size Square Feet: 6000
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
05/14/2026
Listed
$3M
$500 ft2
$5,382 m2
05/14/2026
$3M
Event
Listed
Price Per
$500 ft2
$5,382 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Yanisel Limonte • DG Pinnacle Realty • Buyer Agency Compensation .
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Scores
73
100
75
100
Community Snapshot
$625K – $749K
Price Tier
858 - 5,162
SqFt Range
1956
Year Build
2
Total Floors
100
Total Units
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