90 116 NE 24th Street presents a rare opportunity to secure scale, density upside, and tax efficiency in the heart of Edgewater one of Miami s most capitalized and supply ...


Property

Website:https://www.nestseekers.com/5621046
Address:
Miami, FL 33137
Ownership: For Sale
Type: Land
Lot Size: 0.7 Acres

Financials

Price:$7,795,000
Annual Taxes:$114,384

Description

90–116 NE 24th Street presents a rare opportunity to secure scale, density upside, and tax efficiency in the heart of Edgewater—one of Miami’s most capitalized and supply-constrained residential corridors. Located one block west of Biscayne Boulevard between Downtown Miami and the Design District, the ±29,100 SF assemblage sits at the center of Miami’s urban core with immediate access to Wynwood, Midtown, Brickell, Miami Beach, I-95, and SR-395.Zoned T6-8-O under Miami 21, the site supports approximately 100 residential units by right within an 8-story envelope and up to ±181,875 buildable square feet through the Public Benefit program. With most Biscayne Boulevard frontage already developed with high-rise product, infill sites of this scale are increasingly limited.The property also qualifies under Florida’s Live Local Act, offering meaningful density expansion. Ownership has completed a conceptual Live Local podium-and-tower plan for approximately 208 residential units with ground-floor retail, structured parking, and elevated amenities—illustrating a clear development pathway consistent with active Live Local projects in Edgewater.Situated within a federally designated Qualified Opportunity Zone, the offering combines prime location, density upside, and potential OZ tax advantages within a proven institutional submarket attracting sustained capital investment and liquidity.

Amenities

  • Cable - Available
  • Electricity Available
  • Irrigation Water Onsite
  • Natural Gas Available
  • Other
  • Phone Available
  • Sewer Available
  • Water Available

Contact

Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Compass Florida, LLC

Miami FL 33137 USA