Home » Miami » 3421 NW 5th Ave, Miami, FL 33127 | A11628132

For Sale 3421 NW 5th Ave, Miami, FL 33127

$1,975,000
Price has decreased by $720,000

Property Highlights

Listing ID A11628132 Status of this Listing: Active For Sale Property Type Land Lot area 7,250 Sqft/673.55 m2 approx. Time of this property on Rebonus 193 Day(s)

3421 NW 5th Ave, Miami, FL 33127

Property Description: HUGE PRICE REDUCTION! Amazing development opportunity located in the booming Design District /Wynwood area the property boasts a coveted T6 L allowing multi-story multi-unit developments. The location benefits from high-density T6-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. Extra large lot with a 7,250 SF. Owner occupied duplex on site that can generate income for the buyer. Just blocks from Wynwood Walls, museums, breweries, boutiques, bistros & bars. Minutes from FTX Arena, Downtown & Mid Town Miami as well as Miami Beach area. Easy access to all major highways and the Turnpike. Within close proximity to the I-195 exit which connects to the I-95. Endless possibilities await!

Useful Info

Previous Asking Price:$1,939,000
Original List Price:$2,695,000

Business Info

Gross Scheduled Income:0

Land Lot (Parcel) Details

Lot Size Acres:1
Lot Features:
  • <1 Acre
Lot Size Unit:Square Feet

Property Features

Waterfront:No
Road Responsibility:
  • Public Maintained Road

Taxes and Expenses

Tax Annual Amount:$8,065

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:2023

Terms

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

Community

Road Surface Type:
  • Paved
Subdivision Name:NORTHERN BLVD TRACK
Senior Community:No
Restrictions:No Deed Restrictions

Parking

Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Electricity Available
  • Natural Gas Available
  • Sewer Available
  • Water Available
  • Trash Collection
  • Phone Available
Water Source:
  • Public

More Details

Other Information:
Flood ZoneX
FEMA Flood Zone DesignationsX
Municipal Code1
Ref1077749485
Subdivision Number24

Zoning and Legal

Tax Legal Description:NORTHERN BLVD TR PB 2-29 LOT 12 BLK 2 LOT SIZE 50.000 X 145 OR 15591-2221 0792 4
Real Estate Folio Number (Parcel Number):01-31-25-024-0290
Zoning Description:6107
Public Survey Township:1
Public Survey Range:31
Public Survey Section:25

Listing History

Update/EventDate/Days
Published Date:July 22, 2024 4:24 pm
On Market Date:July 22, 2024
Price Change Date Time:January 31, 2025 9:18 am
Last Important Update Description:Price Change
Date and Time of Last Important Update:January 31, 2025 9:18 am
Status Last Changed:July 22, 2024 4:24 pm
Photos Last Modified:July 23, 2024 1:35 pm
Last Modified:January 31, 2025 2:18 pm
Days on the Market Reference Date:January 31, 2025
Days on the Market (updated on Last Modified*):193
Cumulative Days on the Market (updated on Last Modified**):193

Additional Information

Lot Size Range:Less Than 1 Acre
Number of Photos:23
Location:,Central Business District,City Location,Urban Area Development,Less Than 1 Acre
Included:,,
Area:31
Courtesy of:Elite Ocean View Realty LLC
Universal Property Id:US-12025-N-0131250240290-R-N

Location

Show Property Address:Yes
Street Name:5th Ave
Street Number:3421
Street Direction Prefix:NW
Street Address:3421 NW 5th Ave
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade
Full Address:3421 NW 5th Ave, Miami, FL 33127
Latitude:N25° 48' 31.8''
Longitude:W81° 47' 48.7''

Neighborhood

Postal City:Miami

Property Map