Luxury Condos in Miami Under $1 Million: What Can You Buy in 2026? | Luxe Miami Realty

$88K/unit | $46/SF Buildable | Fully Approved – Start Building Tomorrow”

Price Reduced | Shovel-Ready 10-Unit Development Site | $880,000

Vacant development site with fully approved plans and permits for a 10-unit multifamily project, ideally located on NE Miami Ct within the Biscayne Corridor.

Recently reduced from $970,000 to $880,000, the offering presents a compelling ~$88,000 per unit and ~$46/SF buildable (19,100 buildable SF)—providing an attractive basis relative to comparable approved sites.

All approvals are in place, allowing a buyer to begin construction immediately, eliminating entitlement risk, avoiding costly delays, and accelerating time to market.

Ownership is open to serious offers and will consider seller financing, creating additional flexibility for investors looking to optimize leverage and returns.

Located just minutes from the Miami Design District, Wynwood, and the transformative Magic City Innovation District, the property benefits from strong rental demand, ongoing development activity, and long-term appreciation upside.

This is a true plug-and-play development opportunity for developers and investors seeking to deploy capital efficiently in one of Miami’s most active growth corridors.