Over 60% Potential Development Returns For This Permit Ready Development Site In An Opportunity Zone In Miami, Fl, Between Magic City & The Little River Innovation Districts; As Well As Between Wynwood, Miami Beach, Mia Airport, But Near The New Swerdlow Group Development Of 5,000 + Units. Plans To Develop 8 Townhomes W/ Garages & Roof Top Summer Kitchens. Sell As Condos Or Rental Flexibility As Either 8 Townhomes Or 4 – 3 Bed Townhomes; 4 – 2/2 Flats, & 4 – Ground Level 1/1’s. Rentals For The 12 Units Produce Best Yield On Costs. 7,100 Sf Lot Zoned T5-r. On Site Is An Existing House Rented For Current Income. Development Pending Only The Payment Of Impact, Permit Fees, & Tree Bond By Buyer.

Features

All features

Current Use: Other
Property SqFt: 7100
Remarks: Over 60% potential development returns for this permit ready development site in an Opportunity Zone in Miami, FL, between Magic City & the Little River Innovation Districts; as well as between Wynwood, Miami Beach, MIA Airport, but near the new Swerdlow Group development of 5, 000 + units. Plans to develop 8 townhomes w/ garages & roof top summer kitchens. Sell as condos or rental flexibility as either 8 townhomes or 4 – 3 bed townhomes; 4 – 2/2 flats, & 4 – ground level 1/1’s. Rentals for the 12 units produce best yield on costs. 7, 100 SF lot Zoned T5-R. On site is an existing house rented for current income. Development pending only the payment of impact, permit fees, & tree bond by Buyer.
Internet Remarks: Over 60% potential development returns for this permit ready development site in an Opportunity Zone in Miami, FL, between Magic City & the Little River Innovation Districts; as well as between Wynwood, Miami Beach, MIA Airport, but near the new Swerdlow Group development of 5, 000 + units. Plans to develop 8 townhomes w/ garages & roof top summer kitchens. Sell as condos or rental flexibility as either 8 townhomes or 4 – 3 bed townhomes; 4 – 2/2 flats, & 4 – ground level 1/1’s. Rentals for the 12 units produce best yield on costs. 7, 100 SF lot Zoned T5-R. On site is an existing house rented for current income. Development pending only the payment of impact, permit fees, & tree bond by Buyer.
Waterfront: No info
Days on Market: 237
Office Name: Douglas Elliman
Area: 7100
Taxes: 6599
Tax Year: 2024
Listing Date: 2025-04-29T09:17:23.000-00:00
Lot Size Square Feet: 7100

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Price History

11/12/2025

Date

Price Increased

Event

$695K

Price

16.81%

Change Rate

$98 ft² / $1,054 m²

Price Per

04/28/2025

Date

Listed

Event

$595K

Price

$84 ft² / $902 m²

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Brian Carter • Douglas Elliman • Buyer Agency Compensation .

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