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OFF MARKET
$3,000,000
Beds
0.15
Acre$20,000,000
$/AcreLand
Prime redevelopment directly along The Underline, "GROVE CHIC RESIDENCE".
The offering is comprised of (1) single-family home & 1 duplex totaling +/- 14,000 feet of land.
The lot(s) assemblage allows 50 units via Live Local on (5) floors reducing parking by 80-85%. This development could deliver the Highest & Best Use as a boutique condo building or a more traditional rental building.
The lots benefit from favorable T4-L zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements.
The property abuts the underline directly to the South. In our analysis, the highest and best use is as redevelopment for a mixed-use project with anywhere from 50 to 60 units on 5-6 stories.
MLS Number: A11707384
On Site: 651 Days
Updated: 536 Days ago
Page Views: 0
Features
All features
- Property SqFt: 6600
- Remarks: Prime redevelopment directly along The Underline, "GROVE CHIC RESIDENCE". The offering is comprised of (1) single-family home & 1 duplex totaling +/- 14, 000 feet of land. The lot(s) assemblage allows 50 units via Live Local on (5) floors reducing parking by 80-85%. This development could deliver the Highest & Best Use as a boutique condo building or a more traditional rental building. The lots benefit from favorable T4-L zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements. The property abuts the underline directly to the South. In our analysis, the highest and best use is as redevelopment for a mixed-use project with anywhere from 50 to 60 units on 5-6 stories.
- Internet Remarks: Prime redevelopment directly along The Underline, "GROVE CHIC RESIDENCE". The offering is comprised of (1) single-family home & 1 duplex totaling +/- 14, 000 feet of land. The lot(s) assemblage allows 50 units via Live Local on (5) floors reducing parking by 80-85%. This development could deliver the Highest & Best Use as a boutique condo building or a more traditional rental building. The lots benefit from favorable T4-L zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements. The property abuts the underline directly to the South. In our analysis, the highest and best use is as redevelopment for a mixed-use project with anywhere from 50 to 60 units on 5-6 stories.
- Waterfront: No info
- Directions: South
- Days on Market: 115
- Office Name: RE/MAX 360 Real Estate
- Area: 13200
- Taxes: 21927
- Tax Year: 2023
- Listing Date: 2024-12-10T14:55:42.000-00:00
- Lot Size Square Feet: 6600
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
12/10/2024
Listed
$3M
$455 ft2
$4,893 m2
12/10/2024
$3M
Event
Listed
Price Per
$455 ft2
$4,893 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Agustin Duarte • RE/MAX 360 Real Estate • Buyer Agency Compensation .
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Scores
86
100
60
100
91
100
69
100
0
100
39
100
1
100
Community Snapshot
978 - 5,048
SqFt Range
2018
Year Build
Subdivision Amenities
Playground
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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