Unimproved Land in Miami for sale with MLS# A12049108

The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you're looking at a by-right development potential for up to 116 multifamily units. Here's the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives - no parking required in TOD zones, increased FAR, density, and height - and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.

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Days on the market

The street address for this listing (MLS-A12049108) is private

Price
Price:
$3,900,000.00
Original List Price:
$3,900,000.00
List Price per Sq Ft (Calculated, Approx.):
$116.27
List Price per Sq Ft (Calculated, Approx.):
$114.71
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:
July 6, 2026 4:00 am
Other Special Conditions:
City Jurisdiction
Measures
Lot Area:
34,000 Sqft
Lot Size Dimensions and Info:
34000
Additional Parcels
Lot Size Acres:
0.77
Number of Lots:
2
Property Features
Waterfront:
No
Current Use:
Unimproved
Road Responsibility:
Public Maintained Road
Construction
Possible Use:
Commercial
Flood Zone Code:
AE
Taxes and Expenses
Tax Annual Amount:
$34,774.00
Tax Year:
2025
Utilities
Utilities Available:
Cable Available, Electricity Available, Sewer Available, Water Available, Other, Phone Available, Trash Removal
Water Source:
Public
Community
Subdivision Name:
MELROSE HEIGHTS 4TH SEC
Senior Community:
No
Terms
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
MELROSE HGTS 4TH SEC PB 17-21 LOTS 3-4 & 5 BLK 60 LOT SIZE 150.000 X 135 OR 15912-2405 0493 1
Zoning:
6100
Public Schools Assigned
Elementary School:
Central Park
High School:
Miami Northwestern
Middle Or Junior School:
Brownsville
Listing History
Active on the market since:
July 6, 2026
Listing Agreement executed on:
July 6, 2026
Listing Status Last Changed On:
July 6, 2026 4:00 am
Photos updated on:
July 7, 2026 3:01 am
Last Modified:
July 7, 2026 3:07 am
Additional Information
Courtesy of:
RE/MAX 360 Real Estate
Attribution:
Not provided

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Neighborhood Stats

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

Median Household Income $37,900
Median Home Value $298,000
Median Rent $1,289/mo
Median Age 40
Population 56,437

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 45 Good
☀️ O3 30 Good
🫁 PM2.5 45 Good
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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.