$629,989
2 Beds · 1 Bath · 849 sqft
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. 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.
Bedrooms
2
Bathrooms
1
Living Area
849 sqft
Heating
Central, Electric
Cooling
Central Air
Interior Features
First Floor Entry, No Additional Rooms
Style
Detached, One Story
Roof
Built-Up
Lot Size
7800 sqft
Parking Details
Driveway
Property Type
Single Family Residence
MLS#
527517165
Year Built
1950
Area
Palomar Sub
Days on Market
0
Monthly Payment
$3,905/mo
Listing courtesy of American Real Estate & Mortgage LLC
Listing information is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Data last updated 7/8/2026. Listing provided courtesy of the Miami Association of REALTORS® MLS. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the MIAMI Association of REALTORS®.


