A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral GablesWelcome to 5885 Miller Rd?a once-in-a-generation real estate offering in the heart of Miami. Situated just blocks from the prestigious limits of Coral Gables, this sweeping 5-acre parcel is one of the last remaining tracts of its size available in the urban core.Boasting an exceptional location surrounded by gorgeous, high-end homes, this property presents an unprecedented canvas for investors and developers. The lands highest and best use offers immediate value: it can be subdivided right now into five premium 1-acre lots by right. For the forward-thinking developer, the property holds incredible potential for future rezoning and higher-density subdivision through the county system.Currently gracing the grounds is a beautiful, classic estate that offers timeless elegance and immediate utility while development plans are finalized.Property Highlights:The Canvas: 5 sprawling acres of pristine, level land.Development Potential: Prime for immediate subdivision into five 1-acre estates, with strategic avenues for future high-density rezoning.The Estate: A classic, beautifully maintained existing residence on-site.Strategic Location: Unbeatable proximity to Coral Gables, top-tier schools, and Miamis best dining and retail.Flood Zone X: High and dry?no flood insurance required.This is more than a piece of land; it is a legacy investment.
Listed By
Agency Name: RE/MAX Advance Realty II
Agency Phone: 305-251-2127
Shown By
Agent Name: Nye Mosher Schwartz, PA
Agent Phone: Cell: (954) 701-3346
Agency Title: Realty 100
Estimated Payment
$ 40,201.33 per month $33,383.50 Principal & Interest $2,442.83 Property Tax $4,375.00 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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5885 SW 56th St | MLS# A12068686
This single family home located at 5885 SW 56th St , Miami, FL 33155 is currently listed for sale with an asking price of $15,000,000. This property was built in 1947 and has 5 bedrooms and 5 full baths with 8252 sq. ft. SW 56th St is located in the PLAT OF THE W1-2 OF SE1-4 subdivision. Search PLAT OF THE W1-2 OF SE1-4 real estate on www.nyesellshomes.com today.