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Status:
Active
Size: 0.3 Acres (1,226 m2)
Price: $10,000,000/Acre ($2,446/m2)
Type: Land
MLS Number: A11777458
On Site: 367 Days
Updated: 104 Days ago
Page Views: 0
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.
Features
All features
- Current Use: Other
- Property SqFt: 13200
- 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
- Days on Market: 262
- Office Name: RE/MAX 360 Real Estate
- Area: 13200
- Taxes: 21927
- Tax Year: 2024
- Listing Date: 2025-04-04T12:28:33.000-00:00
- Lot Size Square Feet: 13200
Apples-to-Apples Comparables
THINKING OF SELLING
IN Sylvanmere at Miami?
IN Sylvanmere at Miami?
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Price History
04/04/2025
Date
Listed
Event
$3M
Price
$227 ft2 / $2,446 m2
Price Per
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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