Home » Miami » 3411 NW 5th Ave, Miami, FL 33127 | A11497753

3411 NW 5th Ave, Miami, FL 33127 | Sold

$3,300,000
closed for a price of $2,800,000

Property Highlights

Listing ID A11497753 Status of this Listing: Closed Sold Property Type Land Lot area 14,000 Sqft/1300.64 m2 approx. Time of this property from published date until Closing Date 256 Days
1 Photos of this Property

3411 NW 5th Ave, Miami, FL 33127

Property Description: The subject property consists of a 12,000 SF prime development opportunity across two lots strategically located in Wynwood Norte. There are currently 2 buildings with 3 residential units. The site has approved plans for 40 residential units and 3 commercial units. The location benefits from high-density T5-L zoning falling within the Wynwood Norte NRD2 overlay, allowing for 150 units per acre, 5 stories by right, with an additional 3 stories available via bonus. The property is strategically located on NW 5th Ave, the northern corner of Wynwood Norte, minutes away from Miami’s trendy Wynwood Arts District, Midtown Miami, and the Design District. Additionally, the property is within close proximity to the I-195 exit which connects to the I-95.

Useful Info

Original List Price:$3,300,000
Close Price:$2,800,000

Business Info

Gross Scheduled Income:0

Land Lot (Parcel) Details

Lot Size Acres:0
Lot Size Unit:Square Feet

Construction

Possible Use:
  • Investment

Property Features

Waterfront:No

Taxes and Expenses

Tax Annual Amount:$15,249

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Conventional
Lease Considered:No

Community

Road Surface Type:
  • Other
Subdivision Name:NORTHERN BLVD TRACK
Senior Community:No

Parking

Covered Spaces:0

Utilities

Utilities Available:
  • Sewer Not Available
  • Other
Water Source:
  • Public

More Details

Other Information:
Flood Zone : X
FEMA Flood Zone Designations: X
Municipal Code: 25
Subdivision Number: 24
Buyer Country of Residence: USA
Buy State: Florida

Zoning and Legal

Tax Legal Description:25 53 41 NORTHERN BLVD TR PB 2-29 LOT 13 LESS E44.5FT BLK 2 OR 13443-3669 1087 1 COC 25912-3710 08 2007 4
Real Estate Folio Number (Parcel Number):01-31-25-024-0300
Zoning Description:6107
Public Survey Township:25
Public Survey Range:31
Public Survey Section:25

Listing History

Update/EventDate/Days
Published Date:December 7, 2023 5:37 pm
On Market Date:December 7, 2023
Close Date:August 19, 2024
Price Change Date Time:December 7, 2023 4:28 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:August 28, 2024 3:25 pm
Status Last Changed:August 28, 2024 3:25 pm
Photos Last Modified:December 7, 2023 10:54 pm
Last Modified:August 28, 2024 7:26 pm
Days on the Market Reference Date:August 28, 2024
Days on the Market (updated on Last Modified*):256
Cumulative Days on the Market (updated on Last Modified**):256

Additional Information

Lot Size Range:1-2.5 Acres
Number of Photos Count:1
Area:31
Ref ID:1052204745
Automated Valuation Display:Yes
Courtesy of:Dwntwn Realty Advisors LLC
Universal Property Id:US-12025-N-0131250240300-R-N

Location

Show Property Address:Yes
Street Name:5th Ave
Street Number:3411
Street Direction Prefix:NW
Street Address:3411 NW 5th Ave
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade County
Full Address:3411 NW 5th Ave, Miami, FL 33127
Latitude:N25° 48' 31.3''
Longitude:W81° 47' 48.7''

Neighborhood

Postal City:Miami

Property Map