A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral Gables Welcome 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.
- Built in 1947
- 3 garage spaces
- $1,817.74/sqft
- Lot size: 214,315 sqft
- 62 days on market
- Directions:
- County: Miami-Dade County
- Geo subdivision: PLAT OF THE W1/2 OF SE1/4
Nearby Schools
Fairchild; David
South Miami
South Miami
Features
Interior
Exterior
Utilities
Structure
Pets, Accessibility & Amenities
Financial
Tax, Legal & Financing
Let's get in touch!
Let's get in touch!

Ana Bozovic
Pre-construction & New Dev Expert
- Source: Miami Realtors MLS
- MLS #: A12068686
Listing updated: September 29, 2026 at 3:09PM
Listing provided by: Ileana Rodriguez, RE/MAX Advance Realty II
Last checked 12 days ago
Listing provided by: Ileana Rodriguez, RE/MAX Advance Realty II
Last checked 12 days ago
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