Miami, FL 33133
$3,000,000
1 more
Presented By: This listing is courtesy of RE/MAX 360 Real Estate;
Home Details
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.
Presented By: This listing is courtesy of RE/MAX 360 Real Estate;
Interior Features for
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for
Additional Parcels Description01-41-16-037-0311
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityMiami
CountyMiami-Dade
Current UseOther
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSYLVANMERE RE-SUB PB 41-29 LOT 12 BLK 5 LOT SIZE 60.000 X 110 OR 18131-1519 0598 5
Lot Size Square Feet13200.0
Lot Size UnitsSquareFeet
MLS Area41
MobileHomeRemainsYNNo
New ConstructionNo
PossessionClosingAndFunding
PostalCityMiami
Property Attached Y/NNo
Property Sub Type AdditionalResidential
Property SubtypeResidential
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Showing InstructionsCall Listing Office
Standard StatusActive
StatusActive
Subdivision NameSYLVANMERE
Tax Annual Amount21927.0
Tax Year2024
UtilitiesCableAvailable, ElectricityAvailable, Other, PhoneAvailable, SewerAvailable, WaterAvailable
Virtual TourClick here
Zoning Description3901
Exterior for
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions120x114
Lot FeaturesLessThanOneAcre
Lot Size Acres0.3
Lot Size Area13200.0
Number of Lots2
Open Parking Y/NNo
Private PoolNo
Road ResponsibilityPublicMaintainedRoad
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Brandon Bell
Realtor®
