12110 NE 11th Pl North Miami, FL 33161
$698,899
2 Beds
1 Baths
849 sqft
MLS#
A11942536
Type
Single Family Residence
Status
Active Listing
Square Footage
849
Bedrooms
2
Bathrooms
1 full
Year Built
1950
Tax Amount
$8,552
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. 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.
Cooling:Central Air
First Floor Entry
No Additional Rooms
per month
Principal & Interest
Property Tax
Mortage Insurance
HOA
Home Owners Insurance
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