12110 NE 11th Place, North Miami, FL 33161
- $598,897
- 2
- BD
- 1
- BA
- 849
- SqFt
- List Price
- $598,897
- Status
- ACTIVE
- Days on Market
- 92
- Price Change
- ▼ $31,092 1789610648
- MLS#
- A12049898
- Subtype
- Residential
- Year Built
- 1950
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 849
- Acres
- 0.18
- Subdivision
- Palomar Sub
- MLS Area Major
- 2220
Property 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.
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Additional Information
- Amenities
- None
- Interior Features
- Bedroom on Main Level
- Exterior Features
- Outdoor Living Area
- Taxes
- $8,552
- Zoning
- 3700
- Flooring
- Wood
- Appliances
- Dryer, Electric Range, Disposal, Microwave, Refrigerator
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Stories
- 1
- Levels
- One
- Roof
- Built-Up
- Parking Features
- Driveway
- Elementary School
- W.J. Bryan
- Middle School
- North Miami
- High School
- North Miami
Listing courtesy of American Real Estate & Mortgage LLC. Contact:
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All listings featuring the RAPB + GFLR logo are provided by the Realtors® of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2019 Realtors® of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
Agent: Joseph Fansler | Email: 4thishouse@gmail.com