5434 NE Miami Court, Miami, FL 33137

$650,000

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List Price
$650,000
Days on Market
143
MLS#
A11991524
Lot Size
6,750
Acres
0.14
MLS Area Major
2310

Property Description

T5-O development site at the Wynwood / Edgewater / Design District / Magic City crossroadsPRICED TO MOVE!6,750 SF corner lot in Federal Opportunity Zone with approved 10-unit shovel-ready plans included, plus a Live Local Act upside pathway to 23 units or more.Three-tier density structure gives developers optionality: 10 units by-right (floor), 18 units via Public Benefits Trust Fund density (base case), or 23 units or more via Live Local Act administrative approval (upside). Live Local eligible per City of Miami's published transect list, with applicable property tax exemption on affordable units.Adjacent to Magic City Innovation District. Buena Vista East / Little Haiti. Massive population increases in Wynwood, and Edgewater from 2015 to 2024, with 11,500 units delivered combined. Approved plans eliminate 12 to 18 months of typical entitlement timeline.

Additional Information

Taxes
$6,761
Utilities
Electricity Available, Water Available
Middle School
Jose De Diego
High School
Miami Edison

Listing courtesy of Fausto Commercial Realty Consultants Inc.

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