12110 NE 11th Place,North Miami, FL 33161
North Miami, FL 33161
Description
R5 zoning ATTENTION INVESTORS & DEVELOPERS - RARE R5 OPPORTUNITY This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3-7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request. This is a R-5 and conditional for 7 units. Seller will not review low ball offers. Thank you!! An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment-a major win in today's lending environment. Opportunities like this do not last. R5 lots with documented density potential are extremely limited. VALUE-ADD & EXPANSION POTENTIAL Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units. Proven development success across the street, where an investor has completed 18 units, validating density and market demand. Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance. This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market. ?? DISCLAIMER / DUE DILIGENCE NOTICE:All zoning, density, unit count, development potential, and financing options are subject to independent verification. Buyers are advised to conduct full due diligence, including confirmation with the City, zoning department, surveyor, architect, and lender prior to closing. Seller and broker make no guarantees as to final approvals or buildable units.?? Serious inquiries only. Contact us for documentation and access.
Details
| MLS # | A12049898 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 84 |
| Listing Provided By | American Real Estate & Mortgage LLC | Joseph Fansler |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 849 |
| Story(s) | 1 |
| Zoning | 3700 |
| Acreage | 0.18 |
Exterior
| Lot Features | Quarter To Half Acre Lot |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
Taxes
| Tax Annual Amount | 8552 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | North Miami |
| Zip Code | 33161 |
| Area | 2220 |
| Community Name | PALOMAR SUB |
| Listing VS Median (in PALOMAR SUB) | |
Price: $598,897 low | high Med: $302,198 sqft: 849 low | high Med: 975 $ / sqft: $705 low | high Med: $355 On site: 84 low | high Med: 66 | |
Market Activity 33161
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | North Miami |
| Zip Code | 33161 |
| Area | 2220 |
| Community Name | PALOMAR SUB |
| Listing VS Median (in PALOMAR SUB) | |
Price: $598,897 low | high Med: $302,198 sqft: 849 low | high Med: 975 $ / sqft: $705 low | high Med: $355 On site: 84 low | high Med: 66 | |
