5
See all 5 photos
$650,000
Est. payment /mo
6,098 Sqft Lot
Active
5434 NE Miami Ct Miami, FL 33137
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Commercial Center
MLS Listing ID A11991524
HOA Y/N No
Annual Tax Amount $6,761
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 67x100
Property Description
T5-O development site at the Wynwood / Edgewater / Design District / Magic City crossroads
PRICED TO MOVE!
6,750 SF corner lot in Federal Opportunity Zone with approved 10-unit shovel-ready plans included, plus a Live Local Act upside pathway to 23 units or more.
Three-tier density structure gives developers optionality: 10 units by-right (floor), 18 units via Public Benefits Trust Fund density (base case), or 23 units or more via Live Local Act administrative approval (upside). Live Local eligible per City of Miami's published transect list, with applicable property tax exemption on affordable units.
Adjacent to Magic City Innovation District. Buena Vista East / Little Haiti. Massive population increases in Wynwood, and Edgewater from 2015 to 2024, with 11,500 units delivered combined. Approved plans eliminate 12 to 18 months of typical entitlement timeline.
PRICED TO MOVE!
6,750 SF corner lot in Federal Opportunity Zone with approved 10-unit shovel-ready plans included, plus a Live Local Act upside pathway to 23 units or more.
Three-tier density structure gives developers optionality: 10 units by-right (floor), 18 units via Public Benefits Trust Fund density (base case), or 23 units or more via Live Local Act administrative approval (upside). Live Local eligible per City of Miami's published transect list, with applicable property tax exemption on affordable units.
Adjacent to Magic City Innovation District. Buena Vista East / Little Haiti. Massive population increases in Wynwood, and Edgewater from 2015 to 2024, with 11,500 units delivered combined. Approved plans eliminate 12 to 18 months of typical entitlement timeline.
Location
State FL
County Miami-dade
Community Commercial Center
Area 31
Zoning 6101
Exterior
Utilities Available Electricity Available, Water Available
Street Surface Paved
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 01-31-13-032-0130
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11991524
Listed by Fausto Commercial Realty Consultants Inc
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