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Miami, FL 33161

$2,550,000

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https://www.propertypanorama.com/instaview/mia/A11932904

Property Type: Land & Docks Lot Size (sq. ft.): 42,640 Status: Active

Current Price: $2,550,000 List Date: 12/18/2025 Last Modified: 6/17/2026

Overview

Description

Income-producing opportunity in Miami-Dade’s Biscayne Corridor. This 0.98-acre site totaling 42,640 SF is well-positioned for future development. The property includes a duplex and a single-family home, providing steady rental income while entitlements are pursued. Tenancies are month-to-month, offering flexibility for a buyer’s plans. A key feature is frontage on both NE 116th Street and NE 115th Street, which supports efficient site planning and access. A nearby parcel of similar size has already obtained rezoning approval along this corridor, helping limit uncertainty for investors seeking a comparable change from RU-2 to MCD. Do not disturb tenants.

Listing Details MLS# A11932904

General Property Information

Property Sub Type: Unimproved Land
Number Of Lots: Yes
Lot Size Acres: 0.98
Lot Size Square Feet: 42640
Lot Size Dimensions: 42662
Lot Depth: 426
Property Description: change from RU-2 to MCD
Lot Frontage: 100
LP/SqFt: 59.8

Property Features

Comprehensive Plan Use: Central Urban; Other Current Use: Hotel/Motel; Multi-Family; Unimproved; Other Environmental Audit: Unknown Location of Property: City Location; Near School Possession: Negotiable Special Information: County Jurisdiction Trees: Other Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Road Responsibility: Public Maintained Road Road Surface Type: Paved Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 2550000
LP/Acre: 2602040.82
LP/Frontage: 25500

Location and Legal

County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 30
State Or Province: FL
Postal Code: 33161
Postal Code +4: 6826
Postal Zip: 33161
Subdivision Name: BAYVIEW ACRES
Elementary School: W.J. Bryan
Middle Or Junior School: North Miami
High School: North Miami
Subdivision Number: 15
Zoning: 5700
Flood Zone: X
Directions: GOOGLE MAPS

Financial Information

Tax Year: 2025
Tax Annual Amount: 16882
Tax Legal Description: 32 52 42 .976 AC BAYVIEW ACRES PB 34-88 LOT 12 BLK 3 LOT SIZE 42640 SQUARE FEET OR 21033-2149 01 2003 5

Status Change Information

Major Change Timestamp: 2025-12-18T19:53:42Z
Major Change Type: New Listing
Status Change Date: 2025-12-18

More Information

Income and Expenses

Gross Scheduled Income: 720000
Inc/Exp Statement Period: No

Price Calculations

Current Price To SqFt: 59.73

Section Details

Parcel Number MLX: 0410

Originating Details

Originating System Key: 424465533
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Comprehensive Plan Use

Central Urban: Yes
Other: Yes

Current Use

Hotel/Motel: Yes
Multi-Family: Yes
Unimproved: Yes
Other: Yes

Environmental Audit

Unknown: Yes

Location of Property

City Location: Yes
Near School: Yes

Possession

Negotiable: Yes

Special Information

County Jurisdiction: Yes

Trees

Other: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Paved: Yes

Water Source

Public: Yes

Showing Requirements

Call Listing Agent: Yes

Listing Office: Compass Florida, LLC

Last Updated: June - 17 - 2026

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