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… Read More count is available upon request. This is a R-5 and conditional for 7 units. Seller will not review low ball 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. ?? DISCLAIMER / DUE DILIGENCE NOTICE:All zoning, density, unit count, development potential, and financing options are subject to independent verification. Buyers are advised to conduct full due diligence, including confirmation with the City, zoning department, surveyor, architect, and lender prior to closing. Seller and broker make no guarantees as to final approvals or buildable units.?? Serious inquiries only. Contact us for documentation and access. Read Less
Courtesy of American Real Estate & Mortgage LLC 954-608-2713
Listing Snapshot
Days Online
13
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
849
Lot Size
0.18 Acres
Year Built
1950
MLS Number
A12049898
30 Days Snapshot Of 33161
$167k
+28%
(avg) sold price
6
+50%
homes sold
105
-28%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Dryer, Electric Range, Microwave, Refrigerator
Building
Built in 1950, Living area: 849, Construction materials: CBS, Toal building area: 923
Cooling
Central Air
Floors
Wood
Heating
Central, Electric
Lot
0.18 acres
Parking
Driveway
Property
Patio and porch features: Deck, Zoning: 3700
Roof
Built-Up
Sewer
Public Sewer
Taxes
Annual amount: $8,552
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