Miami FL 33142 | MLS #A12049108

Miami, FL, 33142
$3,900,000
Beds
0 Baths
0 SqFt
0.77 Acres
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MLS #A12049108 image #0
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.

Property Details

Price:
$3,900,000
MLS #:
A12049108
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
MELROSE HEIGHTS 4TH SEC
Neighborhood:
melroseheights4thsec
Listed Date:
Jul 6, 2026
Lot Size:
34,000 sqft / 0.77 acres (approx)
Melrose Heights 4th SecMelroseheights4thsecMelrose Heights 4th SecUnimproved Business/commercial

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Schools

Interior

Exterior

Lot Features
City Location, 1-2.5 Acres

Financial

Tax Year
2025
Taxes
$34,774

Map

Community

Subdivisions in Miami

Market Summary

Current real estate data for Single Family in Miami as of Nov 09, 2026
3,383
Single Family Listed
135
Avg DOM
569
Avg $ / SqFt
$1,681,623
Avg List Price

Property Summary

    Located in the MELROSE HEIGHTS 4TH SEC subdivision, Miami FL is a Single Family for sale in Miami, FL, 33142. It is listed for $3,900,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space.The average price per square foot for Single Family listings in Miami is $569. The average listing price for Single Family in Miami is $1,681,623. To schedule a showing of MLS#a12049108 at in Miami, FL, contact your Julien Drieu agent at 7862380927.

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