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$ 1,800,000
Est. payment /mo
Active
559 NW 34th St Miami, FL 33127
7,143 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Devonshire Park Sub
MLS Listing ID A12063858
HOA Y/N No
Annual Tax Amount $22,352
Tax Year 2025
Lot Size 7,143 Sqft
Acres 0.164
Property Sub-Type Residential
Property Description
Exclusive Wynwood Norte infill opportunity in one of Miami's fastest-growing urban districts, with direct access to Midtown, Edgewater, Design District, Brickell, and Miami International Airport. The 7,150 SF T5-O site includes plans under City of Miami review for a 24-unit multifamily development. Entitlements are well advanced, with approvals expected in ~5 months, significantly reducing pre-development time. Ownership will assist through final approvals to help expedite delivery. The design features all 2-bedroom, 2-bathroom units, optimized for traditional leasing or co-living. Each bedroom has private bath access, maximizing rent per bedroom. Comparable Wynwood co-living projects such as i5 Wynwood are achieving ~$1,350 per bedroom. Offered at $1.8M ($75K per unit and ~$252 PSF), the asset sits in a high-growth submarket with strong demand, population growth, and ongoing redevelopment. Ideal for developers seeking a near-term groundbreaking opportunity with reduced entitlement risk and flexible leasing strategies. Financing, lender, architect, and GC introductions available.
Location
State FL
County Miami-dade
Community Devonshire Park Sub
Area 31
Exterior
Private Pool Yes
Building
Faces South
Others
Tax ID 01-31-25-020-0150
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12063858
Listed by Fausto Commercial Realty Consultants Inc
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