Unimproved Land in 1231 NE 115th Street, Miami, FL 33161 for sale with MLS# A12019688

An exceptional development opportunity is now available in one of Miami's fastest-growing emerging neighborhoods - positioned to become the next major urban destination and future "Design District" style corridor.The property has already undergone a zoning change allowing for the development of approximately 75 residential units, significantly reducing entitlement risk and accelerating the development timeline for the right buyer.This is a strategic opportunity for developers seeking to secure land in an area experiencing rapid transformation, strong population growth, infrastructure expansion, and increasing investor activity.Investment HighlightsZoning approved for approximately 75 residential unitsLocated in a rapidly evolving Miami growth corridorStrong long-term appreciation potentialIdeal for multifamily, mixed-use, or boutique luxury developmentMultiple additional land assemblage opportunities available nearbyExcellent opportunity to establish an early presence before major price escalationThe surrounding area is attracting significant redevelopment interest and is widely considered one of the next high-growth urban pockets in Miami.For qualified developers and investors seeking additional scale, more land opportunities are also available in the same area.Please contact the listing agent directly for additional information, zoning details, pricing, and off-market assemblage opportunities.

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Days on the market

1231 NE 115th Street, Miami, FL 33161

Price
Price:
$2,875,000.00
Original List Price:
$2,875,000.00
List Price per Sq Ft (Calculated, Approx.):
$67.39
Business Info
Gross Scheduled Income:
0
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Land & Docks
Property Type:
Unimproved Land
Description of Last Important Update:
New Listing
Last Major Update on:
May 15, 2026 4:00 am
Other Special Conditions:
City Jurisdiction
Measures
Lot Area:
42,662 Sqft
Lot Size Dimensions and Info:
42662
Lot Size Acres:
42662
Property Features
Waterfront:
No
Current Use:
Other
Construction
Road Frontage Type:
Easement
Flood Zone Code:
X
Taxes and Expenses
Tax Annual Amount:
$73,000.00
Tax Year:
2025
Utilities
Utilities Available:
None, Sewer Not Available
Water Source:
Other
Community
Subdivision Name:
BAYVIEW ACRES
Senior Community:
No
Terms
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
32 52 42 .977 AC BAYVIEW ACRES PB 34-88 LOT 11 BLK 3 LOT SIZE 42750 SQUARE FEET COC 24223-3138 02 2006 1
Real Estate Folio Number (Parcel Number):
3022320150400
Zoning:
5700
Public Schools Assigned
Elementary School:
Joella C. Good
High School:
North Miami
Middle Or Junior School:
North Miami
Listing History
Active on the market since:
May 15, 2026
Listing Agreement executed on:
May 15, 2026
Listing Status Last Changed On:
May 15, 2026 4:00 am
Photos updated on:
May 15, 2026 6:06 pm
Last Modified:
May 28, 2026 2:06 pm
Additional Information
Courtesy of:
I Home Miami
Attribution:
Not provided
Location
Street Name:
115th
Street Number:
1231
City:
Miami
State:
Florida
Zip Code:
33161
County:
Miami-Dade
Latitude:
N25° 52' 56.1''
Longitude:
W81° 49' 37.6''
Street Suffix:
Street
Street Direction Prefix:
NE
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $55,265
Median Home Value $376,500
Median Rent $1,494/mo
Median Age 37
Population 54,128

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 45 Good
☀️ O3 35 Good
🫁 PM2.5 45 Good
Ver la Propiedad Ver la propiedad 1231 NE 115th Street, Miami, FL 33161
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.