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Residential For Sale Private Address A11707384 in Miami

$3,000,000

Property Highlights

Listing ID A11707384 Status of this Listing: Active For Sale Property Type Land Residential Lot area 13,200 Sqft/1226.32 m2 approx. Time of this property on Rebonus 48 Day(s)

About this Residential with Listing ID A11707384

Property Description: Prime redevelopment directly along The Underline, "GROVE CHIC RESIDENCE ". The offering is comprised of (1) single-family home & 1 duplex totaling +/- 14,000 feet of land. The lot(s) assemblage allows 50 units via Live Local on (5) floors reducing parking by 80-85%. This development could deliver the Highest & Best Use as a boutique condo building or a more traditional rental building. The lots benefit from favorable T4-L zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements. The property abuts the underline directly to the South. In our analysis, the highest and best use is as redevelopment for a mixed-use project with anywhere from 50 to 60 units on 5-6 stories.

Useful Info

Original List Price:$3,000,000

Land Lot (Parcel) Details

Number of Lots:2
Lot Size Acres:0.3
Lot Size Unit:Square Feet

Property Features

Waterfront:No
Building Features:
  • Other
Property Entrance Faces:
  • South

Taxes and Expenses

Tax Annual Amount:$21,927

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

Documents Available:
  • Aerial
  • Lease
Listing Terms Considered by Seller:
  • Cash
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:SYLVANMERE
Senior Community:No
Development Status:
  • Raw Land

Parking

Covered Spaces:0

More Details

Other Information:
Flood ZoneX
FEMA Flood Zone DesignationsX
Municipal Code1
Ref1097583913
Subdivision Number37

Zoning and Legal

Tax Legal Description:SYLVANMERE RE-SUB PB 41-29 LOT 12 BLK 5 LOT SIZE 60.000 X 110 OR 18131-1519 0598 5
Real Estate Folio Number (Parcel Number):01-41-16-037-0310
Zoning Description:3901
Public Survey Township:1
Public Survey Range:41
Public Survey Section:16

Listing History

Update/EventDate/Days
Published Date:December 10, 2024 2:55 pm
On Market Date:December 10, 2024
Price Change Date Time:December 10, 2024 2:21 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:December 10, 2024 2:55 pm
Status Last Changed:December 10, 2024 2:55 pm
Photos Last Modified:December 10, 2024 8:12 pm
Last Modified:December 10, 2024 11:00 pm
Days on the Market Reference Date:December 10, 2024
Days on the Market (updated on Last Modified*):0
Cumulative Days on the Market (updated on Last Modified**):0

Additional Information

Number of Photos:6
Location:,,
Included:,,
Area:41
Courtesy of:RE/MAX 360 Real Estate
Universal Property Id:US-12025-N-0141160370310-R-N

Neighborhood

Postal City:Miami