LKV Realty
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$3,900,000
$7,200Reward *
Miami, FL 33142Listing ID A12049108

Miami, FL 33142

Active
MELROSE HEIGHTS 4TH SEC
Last updated: Jul 7, 2026
Property Type
Property Type
Land
Property Sub Type
Property Sub Type
-
Acres
Acres
0.77
Days on Site
Days on Site
37

The offering includes two contiguous lots totaling approximately 34,000 SF or 0.77 acres zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. Here’s the value-add: the site currently generates approx. $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That provides a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and this site offers significant development upside. Just 2.5 miles from Miami International Airport and minutes from Wynwood, Downtown, and the Health District, this location combines accessibility with strong long-term potential.

Property Information

Property Details

Location

County
Miami-Dade
City
Miami
Zip Code
33142
Subdivision
MELROSE HEIGHTS 4TH SEC
MLS Area
31

Property Taxes

Tax Annual Amount
$34,774
Tax Year
2025
RE/MAX 360 Real Estate, (305) 602-0360

Market Report for 33142

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: Miami Association of REALTORs
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

For corrections to this data please contact Brytecore MLS Support.

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