Investors Special | Waterfront land | Single Family – Anciliary Unit zoning. Emerging submarket. Priced at land value. Rare opportunity to secure a 9,050 SF waterfront corner parcel in the rapidly appreciating Upper Eastside / Little River / Miami Shores corridor — one of Miami’s most active areas for redevelopment and new construction. Positioned with 50 feet of frontage on the Little River Canal, a navigable waterway with fixed bridge access to the Intracoastal and open bay, this site offers both lifestyle appeal and strong resale/rental demand — a combination that’s increasingly difficult to find at this price point.
Zoning & Development Potential – Zoned T3-L Single-Family + Ancillary Unit (ADU), allowing multiple value-add strategies: Luxury custom waterfront spec home; Main residence + guest house; Short/long-term rental configuration; Modern townhouse-style concept (verify with city); formerly zoned R-3. Hold for appreciation as land in a transitioning neighborhood. Minutes from Ironside, MiMo District, Biscayne Blvd retail, and the Design District, the area continues to attract investors. Ideal for builders, developers, or long-term investors looking to create or capture upside in a high-growth pocket of Miami. Existing duplex predates current zoning. Currently used as three units. Site includes a cut-in slip with old coral rock boat house.
Zoning & Development Potential – Zoned T3-L Single-Family + Ancillary Unit (ADU), allowing multiple value-add strategies: Luxury custom waterfront spec home; Main residence + guest house; Short/long-term rental configuration; Modern townhouse-style concept (verify with city); formerly zoned R-3. Hold for appreciation as land in a transitioning neighborhood. Minutes from Ironside, MiMo District, Biscayne Blvd retail, and the Design District, the area continues to attract investors. Ideal for builders, developers, or long-term investors looking to create or capture upside in a high-growth pocket of Miami. Existing duplex predates current zoning. Currently used as three units. Site includes a cut-in slip with old coral rock boat house.
Property Details
Price:
$1,499,000
MLS #:
A11959487
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Multi Family
Subtype:
Duplex
Subdivision:
FEDERAL WAY AMD
Neighborhood:
federalwayamd
Listed Date:
Feb 3, 2026
Finished Sq Ft:
2,346
Total Sq Ft:
2,346
Year Built:
1937
See this Listing
Schools
Interior
Cooling
Other
Flooring
Tile
Heating
Other
Exterior
Architectural Style
Detached, Ranch
Construction Materials
CBS Construction
Parking Spots
3
Roof
Other
Financial
Tax Year
2024
Taxes
$14,217
Map
Community
- Address7715 NE 5th Ave Miami FL
- SubdivisionFEDERAL WAY AMD
- CityMiami
- CountyMiami-Dade County
- Zip Code33138
Market Summary
Current real estate data for Multi Family in Miami as of Mar 08, 2026
498
Multi Family Listed
144
Avg DOM
471
Avg $ / SqFt
$1,152,077
Avg List Price
Property Summary
- Located in the FEDERAL WAY AMD subdivision, 7715 NE 5th Ave Miami FL is a Multi Family for sale in Miami, FL, 33138. It is listed for $1,499,000
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