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.
- Built in 1950
- $742.04/sqft
- Lot size: 7,800 sqft
- 103 days on market
- 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.
- County: Miami-Dade County
- Geo subdivision: PALOMAR SUB
Nearby Schools
North Miami
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Let's get in touch!
Let's get in touch!

Fúlvio K. Massaro
PropTech Enthusiast
- Source: Miami Realtors MLS
- MLS #: A11942536
Listing updated: April 24, 2026 at 10:54PM
Listing provided by: Joseph Fansler, American Real Estate & Mortgage LLC
Last checked 2 hours ago
Listing provided by: Joseph Fansler, American Real Estate & Mortgage LLC
Last checked 2 hours ago
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