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12110 NE 11th Pl, North Miami FL 33161

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$629,989

2

1

849 SF

$742

 
PROPERTY TYPESingle Family Residence
Lot Size7,800 SF
YEAR BUILT1950
WATERFRONTNo
STYLEDetached,One Story
PARKINGYes
SWIMMING POOLNo
STATUSActive

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    Property Description

    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.

    LIST PRICE $629,989
    PRICE CHANGE5.19%
    BEDS 2
    BATHS 1
    1/2 BATHS 0
    LIVING SIZE 849 SF
    PRICE SF$742
    YEAR BUILT 1950
    WATERFRONT No
    VIEWNone
    SWIMMING POOL In Ground
    STYLE Detached,One Story
    CONSTRUCTION CBS Construction
    PARKING Yes
    PARKING SPACES
    FLOORING TYPE No
    MLS A11942536
    PROPERTY TYPESingle Family Residence
    STATUS Active
    DATE LISTED 2026-01-11
    DAYS ON MARKET 125
    FURNISHED
    Pets Allowed No
    CITY North Miami
    ZIP33161
    STATE FL
    SUBDIVISION PALOMAR SUB
    HOA FEES $0
    TAXES $8,552
    TAXES YEAR 2025

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