$13,750,000
Miami, FL 33125
MLS# A11979551
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Property Description
1.77 acres of prime contiguous land along the Miami River, an increasingly rare opportunity in one of Miami’s fastest-growing corridors. With direct waterfront access and approximately 14 existing 50 foot boat slips, this three lot assemblage is ideally positioned for impactful development.Under current T4-R zoning, the property permits multifamily residential construction by right, offering immediate development potential with 36 units per acre per T4-R zoning. One concept envisions the creation of 40 luxury townhomes that take full advantage of the site’s river frontage and lifestyle appeal.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-03-09
Status: Active
Original List Price: 13999000
List Price: $13,750,000
Current Price: $13,750,000
LP/Acre: 7768361.58
LP/Frontage: 178.34
Location and Legal
Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1515
Street Direction Prefix: N
Street Name: River
Street Suffix: Drive
City Name: Miami
Municipal Code: 1
State Or Province: FL
Postal Code: 33125
Postal Code +4: 2633
Postal Zip: 33125
Subdivision Name: GROVE PARK
Area: 2310
Elementary School: Paul Laurence Dunbar K-8
Middle Or Junior School: Citrus Grove
High School: Booker T. Washington
Parcel Number: 0131350160040
Subdivision Number: 16
Zoning: 3900
Flood Zone: AE,X
General Property Information
Property Sub Type: Unimproved Land
Lot Size Acres: 1.77
Lot Size Square Feet: 45723
Lot Size Dimensions: 77101
Lot Depth: 77101
Waterfront YN: 1
Lot Frontage: 77101
LP/SqFt: 300.72
Financial Information
Tax Year: 2026
Tax Legal Description: GROVE PARK PB 5-66 LOTS 4 THRU 6 BLK 1 LESS PORT OF LOT 4 BEG SE COR OF LOT 4 TH N 00 DEG W 112.49FT N 71 DEG W 0.35FT S 00 DEG E 112.50FT S
Price Calculations
Current Price To SqFt: 178.33
Section Details
Parcel Number MLX: 0040
Status Change Information
Major Change Timestamp: 2026-10-09T18:39:59Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-09T18:39:59Z
Status Change Date: 2026-05-14
Originating Details
Originating System Key: 438801136
Originating System ID: M00000151
Property Features
Comprehensive Plan Use: Other
Current Use: Multi-Family; Unimproved
Environmental Audit: Unknown
Location of Property: City Location
Possession: Other
Special Information: City Jurisdiction
Utilities: Sewer Not Available; None
Road Frontage Type: Public Road
Water Access: Other
Water Source: Other
Waterfront Features: River Front
Showing Requirements: Call Listing Agent
Acreage Description: 1 To Less Than 2 Acre Lot; 2 To Less Than 3 Acre Lot
Listing Office: E. L. S. Realty Corp.
Last Updated: October - 09 - 2026
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