Miami, FL 33168 11575 NW 7th Ave
$11,500,000
Presented By: This listing is courtesy of Ocean Palm Realty, Inc.;
Home Details
Centrally located 54,090 sqf in an “Opportunity Zone”. Under zoning the site supports a maximum density of 110 residential units. This property would qualify for the live local ordinance that would push density to 220 or more residential units. Visible from I-95 and 441 and minutes from Barry University and schools. Located in the Federally designated Opportunity Zone provides significant tax advantages to investors. If the property is developed and held for a minimum period of 10 years, the capital gains from future sale may be entirely tax exempt. If funds from another gain are put into the “opportunity zone fund” the capital gain can be deferred for 5 years with a 10% reduction in Year 5. Please consult with your local authority.
Presented By: This listing is courtesy of Ocean Palm Realty, Inc.;
Interior Features for 11575 NW 7th Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for 11575 NW 7th Ave
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityMiami
CountyMiami-Dade
Current UseOther
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionPARKWOOD TERRACE PB 22-3 W20FT OF LOTS 7 & 22 & LOTS 9 THRU 21 LESS W15FT OF LOTS 11 THRU 18 BLK 1 PER UNITY OF TITLE OR# 33273-310 LOT SIZE
Lot Size Square Feet54090.0
Lot Size UnitsSquareFeet
MLS Area21
MobileHomeRemainsYNNo
New ConstructionNo
PossessionCloseOfEscrow
PostalCityMiami
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Showing InstructionsCall Listing Agent
Standard StatusActive
StatusActive
Subdivision NamePARKWOOD TERRACE
Tax Annual Amount47202.0
Tax Year2024
UtilitiesSewerAvailable, WaterAvailable
Zoning Description6062
Exterior for 11575 NW 7th Ave
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions200x200
Lot Size Acres1.0
Lot Size Area54090.0
Private PoolNo
Road Frontage TypeCountyRoad
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Franmarlin Salazar
Realtor®
