12110 11th Pl, North Miami, FL, 33161
12110 11th Pl, North Miami, FL, 33161Basics
- Date added: Added 6 days ago
- Category: Single Family Residence
- Type: Residential
- Status: Active
- Bedrooms: 2
- Bathrooms: 1
- Half baths: 0
- Total rooms: 0
- Square Foot: 849 sq ft
- Lot size, sq ft: 7800 sq ft
- SubdivisionName: PALOMAR SUB
- ListOfficeName: American Real Estate & Mortgage LLC
- GarageSpaces: 0
- View: None
- ListAOR: Miami Association of REALTORS®
- MLS ID: A11942536
Description
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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.
Offers under $650,000 will not be reviewed by the seller. This is a R-5 and conditional for 7 units. Seller will not review lower 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.
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Location
- 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.
- CountyOrParish: Miami-Dade County
Building Details
- Cooling features: Central Air
- Year built: 1950
- ArchitecturalStyle: Detached, One Story
- NewConstructionYN: No
- Building Name: PALOMAR SUB
- Heating: Central, Electric
- Exterior material: CBS Construction
- Roof: Built-up
- Parking: Driveway
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11942536
Amenities & Features
- Features:
- Amenities:
- CommunityFeatures: None
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: Yes
- PoolPrivateYN: No
- FireplaceYN: No
