$15,000,000
Miami, FL 33155
MLS# A12068686
Status: Pending
5 beds | 5 baths | 8708 sqft
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Property Description
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 land’s 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 Miami's 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.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-08-12
Status: Pending
Original List Price: 15000000
List Price: $15,000,000
Current Price: $15,000,000
Occupant Type: Vacant
Location and Legal
Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 5885
Street Direction Prefix: SW
Street Name: 56th
Street Suffix: Street
City Name: Miami
Municipal Code: 30
State Or Province: FL
Postal Code: 33155
Postal Code +4: 6342
Postal Zip: 33155
Subdivision Name: PLAT OF THE W1/2 OF SE1/4
Area: 2400
Elementary School: David Fairchild
Middle Or Junior School: South Miami
High School: South Miami
Special Assessment YN: No
Parcel Number: 3040240000940
Zoning: 2300
Flood Zone: X
General Property Information
Property Sub Type: Single Family Residence
Bedrooms Total: 5
Bathrooms Total: 5
Bathrooms Full: 5
Building Area Main: 8708
Living Area Main: 8252
Adjusted Area Main: 4744
Accessibility Features YN: Yes
Year Built: 1947
Garage YN: 1
Garage Spaces: 3
Covered Spaces: 3
Lot Size Area: 214315
Lot Size Acres: 4.92
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 2
Direction Faces: South
Pool Private YN: Yes
Furnished: Unfurnished
Financial Information
Membership Fee Required YN: No
Tax Annual Amount: 29314
Tax Year: 2025
Tax Legal Description: 24 54 40 4.92 AC W1/2 OF SW1/4 OF SE1/4 OF SE1/4 LESS S50FT FOR R/W LOT SIZE IRREGULAR
Entry Information
Entry Level: 1
Pool Size Details
Pool Size (WxL): 60x99
Storm Protection
Panel Shutters: Complete
Price Calculations
Current Price To SqFt: 1817.74
Section Details
Parcel Number MLX: 0940
Status Change Information
Major Change Timestamp: 2026-09-29T15:09:41Z
Major Change Type: Status Change
Status Change Date: 2026-09-29
Under Contract Date: 2026-09-29
Originating Details
Originating System Key: 546272034
Originating System ID: M00000151
Property Features
Dining Area: Breakfast Area; Formal Dining
Electric: Circuit Breakers
Exterior Features: Awning(s); Tennis Court(s)
Flooring: Carpet; Wood
Parking Features: Boat Access/Parking; Circular Driveway; RV Access/Parking; Detached; Detached Garage; Garage
Property Condition: Resale
Appliances: Dryer; Electric Range; Refrigerator; Washer
Water Heater Details: Electric Water Heater
Construction Materials: CBS
Cooling: Central Air
Fencing: Fenced
Heating: Central
Interior Features: Pantry; Walk-In Closet(s)
Levels: Two
Listing Terms: Cash
Pets Allowed YN: Yes
Pool Features: In Ground
Possession: Negotiable
Restrictions: No Restrictions
Roof: Shingle
Sewer: Public Sewer
Special Information: Chandelier To Be Replaced; Sold As-Is
View: Garden; Pool
Water Source: Public
Showing Requirements: Showing Service
Outdoor Living Spaces: Balcony
Balcony Details: Balcony - Open
Contingencies: Inspection
Room Types: Attic; Den; Family Room; Florida Room
Acreage Description: 4 To Less Than 5 Acre Lot
Room Information
| Room Name |
| Attic |
| Den |
| Family Room |
| Florida Room |
Listing Office: RE/MAX Advance Realty II
Last Updated: September - 29 - 2026
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