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
Lot Features
City Location, 1-2.5 Acres
Financial
Tax Year
2024
Taxes
$34,774
Map
Community
- Address Miami FL
- SubdivisionMELROSE HEIGHTS 4TH SEC
- CityMiami
- CountyMiami-Dade County
- Zip Code33142
Market Summary
Current real estate data for Single Family in Miami as of Apr 26, 2026
3,645
Single Family Listed
131
Avg DOM
587
Avg $ / SqFt
$1,679,008
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 $587. The average listing price for Single Family in Miami is $1,679,008.
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