REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Susan Larkin

susan.larkin@engelvoelkers.com +1(781) 801-5885

$ 650,000

Est. payment -/mo

Save Virtual Tour

Active

5434 NE Miami CT Miami, FL 33137

6,098 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved 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

Property Sub-Type Unimproved Land

Property Description

T5-O development site at the Wynwood / Edgewater / Design District / Magic City crossroadsPRICED 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

Area 2310

Zoning 6101

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Utilities Available Electricity Available, Water Available

Water Access Desc Public

Present Use Multi-Family,Unimproved

Street Surface Paved

Road Frontage Public Road

Building

Lot Description Cleared, Corner Lot

Sewer Public Sewer

Water Public

Schools

Middle Schools Jose De Diego

High Schools Miami Edison

Others

Restrictions City Restrictions

Tax ID 0131130320130

Acceptable Financing Cash, Owner Will Carry

Listing Terms Cash, Owner Will Carry

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11991524

Listed by Benjamin Kunzle Fausto Commercial Realty Consultants Inc

NEARBY SCHOOLS & PROPERTIES

Susan Larkin

Advisor | License ID: SL3570527

+1(781) 801-5885

GET MORE INFORMATION