ATTENTION INVESTORS & DEVELOPERS — RARE R5 OPPORTUNITY
This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3–7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request.
Offers under $650,000 will not be reviewed by the seller. This is a R-5 and conditional for 7 units. Seller will not review lower offers.
Thank you!!
An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment—a major win in today’s lending environment.
Opportunities like this do not last. R5 lots with documented density potential are extremely limited.
VALUE-ADD & EXPANSION POTENTIAL
• Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units.
• Proven development success across the street, where an investor has completed 18 units, validating density and market demand.
• Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance.
This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market.
This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3–7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request.
Offers under $650,000 will not be reviewed by the seller. This is a R-5 and conditional for 7 units. Seller will not review lower offers.
Thank you!!
An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment—a major win in today’s lending environment.
Opportunities like this do not last. R5 lots with documented density potential are extremely limited.
VALUE-ADD & EXPANSION POTENTIAL
• Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units.
• Proven development success across the street, where an investor has completed 18 units, validating density and market demand.
• Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance.
This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market.
Property Details
Price:
$698,899
MLS #:
A11942536
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
PALOMAR SUB
Neighborhood:
palomarsub
Listed Date:
Feb 28, 2026
Finished Sq Ft:
849
Total Sq Ft:
923
Year Built:
1950
See this Listing
Schools
Middle School:
North Miami
Interior
Appliances
Disposal, Dryer, Microwave, Electric Range, Refrigerator
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Wood
Heating
Central, Electric
Exterior
Architectural Style
Detached, One Story
Community Features
None
Construction Materials
CBS Construction
Parking Features
Driveway
Roof
Built-Up
Financial
Tax Year
2025
Taxes
$8,552
Map
Community
- Address12110 NE 11th Pl North Miami FL
- SubdivisionPALOMAR SUB
- CityNorth Miami
- CountyMiami-Dade County
- Zip Code33161
Market Summary
Current real estate data for Single Family in North Miami as of Mar 11, 2026
171
Single Family Listed
127
Avg DOM
659
Avg $ / SqFt
$1,717,309
Avg List Price
Property Summary
- Located in the PALOMAR SUB subdivision, 12110 NE 11th Pl North Miami FL is a Single Family for sale in North Miami, FL, 33161. It is listed for $698,899 and features 2 beds, 1 baths, and has approximately 849 square feet of living space, and was originally constructed in 1950. The current price per square foot is $823. The average price per square foot for Single Family listings in North Miami is $659. The average listing price for Single Family in North Miami is $1,717,309.
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