Property Attributes
- MLS#A12049898
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityNorth Miami
- Area22
- NeighborhoodPALOMAR SUB
- Zip33161
- Style
- Year Built1950
- Taxes$ 8552
- Price$ 629,989
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage849
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
ATTENTION INVESTORS & DEVELOPERS — RARE R5 OPPORTUNITY This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3–7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request. This is a R-5 and conditional for 7 units. Seller will not review low ball offers. Thank you!! An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment—a major win in today’s lending environment. Opportunities like this do not last. R5 lots with documented density potential are extremely limited. VALUE-ADD & EXPANSION POTENTIAL • Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units. • Proven development success across the street, where an investor has completed 18 units, validating density and market demand. • Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance. This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market.
| Middle School |
|---|
| North Miami Middle School |
| Price History | |
|---|---|
| 7/8/2026 | Listed $629,989 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central,Electric |
| Cooling | CentralAir |
| Possession | CloseOfEscrow |
| Roof | BuiltUp |
| Appliances | Dryer,ElectricRange,Disposal,Microwave,Refrigerator |
| Patio/Porch Features | Deck |
| Architectural Style | Detached,OneStory |
| Pool Features | None |
| Restrictions | OkToLease |
| Construction Materials | Block |
| Year Built | 1950 |
| View | None |
| Stories Count | 1 |
| Property Subtype | SingleFamilyResidence |
| Tax Year | 2026 |
| County | Miami-Dade |
| Property Type | Residential |
| Subdivision Name | PALOMAR SUB |
| Facing Direction | South |
| Garage Y/N | false |
| Full Baths | 1 |
| Special Listing Conditions | ListedAsIs |
| Status | Active |
| Directions | From Biscayne Blvd (US-1) go west on NE 123rd St. Turn right (north) on NE 12th Ave, then right on NE 121st St. Turn left on NE 11th Pl. Property will be on the right. |
| City | North Miami |
| Senior Community Y/N | false |
| Zoning Description | 3700 |
| MLS Area | 22 |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 7800 |
| Carport Y/N | false |
| Listing Terms | Cash,Conventional |
| Year Built Details | Resale |
| Tax Annual Amount | 8552 |
| Middle/Junior High School | North Miami |
| Lease Considered Y/N | false |
| Standard Status | Active |
| Occupancy Type | Vacant |
| Property Sub Type Additional | SingleFamilyResidence |
| PostalCity | North Miami |
| Legal Description | PALOMAR SUB PB 7-158 N35FT LOT 13 & S25FT LOT 14 BLK 5 LOT SIZE 60.000 X 130 OR 19723-0491 04 2001 1 |
Interior Features
| Interior Amenities | BedroomOnMainLevel,FirstFloorEntry |
|---|---|
| Flooring | Hardwood,Wood |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 2 |
| Total Baths | 1 |
Exterior Features
| Exterior Amenities | Deck |
|---|---|
| Parking Features | Driveway |
| Lot Features | QuarterToHalfAcreLot |
| Water Source | Public |
| Lot Size Area | 7800 |
| Building Area Total | 923 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool

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Data Last Updated: September 14, 2026 6:39 AM UTC