Exceptional 1. 44 Acre 62, 850 SF development opportunity in Continental Park.


Property

Website:https://www.nestseekers.com/5331498
Address:
Miami, FL 33156
Ownership: For Sale
Type: Residential
Lot Size: 1.4 Acres

Financials

Price:$6,700,000
Annual Taxes:$12,191

Description

Exceptional 1.44-Acre (62,850 SF) development opportunity in Continental Park. Rare chance to acquire strategically located land in one of Miami’s most established and desirable neighborhoods. The property is currently under application for a proposed 79 unit residential development with 81 parking spaces and benefits from RM-D zoning (36 units per acre), Workforce Housing provisions, Smart Corridor Plan incentives, and Administrative Site Plan Review. Existing water and sewer infrastructure is in place, creating significant development efficiencies. The approval process is anticipated to be streamlined, with no public hearing currently required, while deletion of the existing declaration is underway. Ideally positioned just two blocks from Baptist Hospital’s Main Campus, one of South Florida’s largest healthcare and employment centers, the site is well-suited for workforce, multifamily, and attainable housing. Residents enjoy immediate access to US-1, SR-878, Florida’s Turnpike, and SR-826, plus proximity to Dadeland, Coral Gables, Pinecrest, Coconut Grove, and Downtown Miami. Located within a mature residential setting known for oversized homesites and long-term desirability, this offering presents a compelling investors, and joint venture groups seeking to capitalize on Miami-Dade County’s growing housing demand. Development sites combining location, infrastructure readiness, entitlement potential, and access to major employment hubs are increasingly scarce.

Amenities

  • BuyerApprovalRequired
  • ElectricityAvailable
  • NotApplicable
  • Other
  • QuarterToHalfAcreLot
  • SewerAvailable
  • WaterAvailable

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of Compass Florida, LLC