Description
Rare multifunctional investment opportunity in the heart of Shenandoah South, a high-demand neighborhood where historic Miami charm meets an evolution toward multi-million dollar homes. This property is being sold primarily for land value, offering an ideal canvas for developers looking to capitalize on the Miami 21 Zoning Code. Those with vision may want to incorporate some of the Old Spanish features and charm to renovate the property as others have done in the neighborhood.
The property currently features two buildings: an Old Spanish two-story main house and a separate rear structure containing two apartment units. Equipped with two existing electricity meters, providing a solid foundation for further multi-unit development. Note: Buyers and their agents are responsible for verifying all zoning, land use, and development potential during the inspection period.
This site offers multiple development paths under the city's vision, benefiting from a market where residential land prices recently surged by 125% per square foot. Positioned minutes from South Florida's most prestigious hubs–including Coconut Grove, Coral Gables, Brickell, and MIA–this location guarantees long-term appreciation and liquidity.
Disclaimer
MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of RE/MAX Advance Realty II.
