The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.
Property Details
Price:
$3,900,000
MLS #:
A11833062
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
MELROSE HEIGHTS 4TH SEC
Neighborhood:
melroseheights4thsec
Listed Date:
Jul 2, 2025
Lot Size:
34,000 sqft / 0.77 acres (approx)
See this Listing
Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$34,774
Map
Community
- Address Miami FL
- SubdivisionMELROSE HEIGHTS 4TH SEC
- CityMiami
- CountyMiami-Dade County
- Zip Code33142
Subdivisions in Miami
- 11 54 39 152.93 AC M/L NE1/4 OF SEC INCLUDING TR 2
- 159 NE 6TH STREET CONDO
- 17TH AVE MANOR
- 1800 CLUB CONDO
- 7TH ADDN TO RICHMOND HEIG
- 801 SMA RESIDENCES CONDO
- BAY HOUSE MIAMI
- BAY RIDGE AMD
- COMFORT GARDENS
- DELVISTA TOWERS CONDO
- EMERALD POINT SUB
- FAIRWAY PLAZA
- GREENVILLE MANOR PB
- HIALEAH HEIGHTS AMD
- JADE WINDS GROUP BAMBOO GARDENS CONDO
- JENKINS ADDN TO LIBERTY CITY
- LA PALOMA
- MAJORCA ISLES III CONDO
- MILON VENTURE
- NORTH DADE COUNTRY CLUB VILLAG
- RALPH PLAZA II CONDO
- RANDALL PARK
- ROLLING GREEN CONDO
- ROYAL GLEN
- SIERRA
- SWEETWATER ESTATES SUB
- TAMIAMI TECH CENTER CONDO
- THE BLUE A RESORT HOTEL CONDO
- TURNBERRY VILLAGE SO TOWER CONDO
- VIA VENTURA NBRHD 3
- VISTA LAGO
- WEST MIAMI SHORES SEC B
- WESTCHESTER PT 01
Market Summary
Current real estate data for Single Family in Miami as of Mar 10, 2026
3,783
Single Family Listed
127
Avg DOM
580
Avg $ / SqFt
$1,635,257
Avg List Price
Property Summary
- Located in the MELROSE HEIGHTS 4TH SEC subdivision, Miami FL is a Single Family for sale in Miami, FL, 33142. It is listed for $3,900,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space.The average price per square foot for Single Family listings in Miami is $580. The average listing price for Single Family in Miami is $1,635,257. To schedule a showing of MLS#a11833062 at in Miami, FL, contact your CENTURY 21 Carioti agent at 800-783-8847.
Similar Listings Nearby
Miami, FL
Recent Comments