NOT LISTED FOR SALE

1120 SW 3rd Ave Miami, FL 33130

Brickell Neighborhood

Estimated Value: $2,320,000 - $2,851,423

9,500 Acres
$269 Price per Acre
413,820,000 Sq Ft Lot

Last Sold December 18, 2023

Last sale price $2,833,333 $2,979 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $17,486/month

495 Days on Market

About This Lot

As of December 2023

World class signature Brickell development site in Miami, Florida. The site is 9,500 square feet with 100 feet of frontage on 3rd Ave & 100 feet along I-95 on the back side. The zoning allows for Multi-Family, Hotel, Micro Housing, Commercial, Retail and Mixed Use. It also allows electronic signs facing I-95.Build up to 24 level as of right. Water & Sewer mains were updated recently, and the FPL facility is just on block away. This site is two blocks from the Brickell Metro Mover and Metro Rail stations. The zoning currently allows for 45 residential units or 90 Hotel units. Close proximity to the Brickell Metro Mover Station. Several new projects are in several phases of completions. Lots can be sold separate.

Last Agent to Sell the Property

Ashley Alvarez

Sterling One Realty, Inc. License #3307694 Listed on: 08/09/2022

Co-Listed By

William Alvarez

Sterling One Realty, Inc. License #3267685

Last Buyer's Agent

William Alvarez

Sterling One Realty, Inc. License #3267685

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $33,001

Lot Details

  • 9,500 Acre Lot
  • Lot Dimensions are 150x95
  • Additional Parcels
  • Property is zoned 6402

Location

  • City Lot

Utilities

  • Phone Connected
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Miami Heights Condos
  • Miami Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-38-051-0140

Property Details

Property Type

Land

Est. Annual Taxes

$33,001

Lot Details

9,500 Acres

Listing Details

  • Property Type: Commercial Land
  • Co List Office Mls Id: STRL01
  • Co List Office Phone: 305-285-2322
  • Horses: No
  • Lot Size Acres: 9500
  • Lot Size: 150x95
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Subdivision Name: MIAMI HEIGHTS
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Investment, Central Urban

Exterior Features

  • Lot Features: City Location, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MIAMI HEIGHTS

Utilities

  • Sewer: Other
  • Water Source: Municipal Water
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-38-051-0140
  • Additional Parcels: Yes
  • Current Use: Unimproved Hotel/Motel, Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 9500
  • Zoning: 6402
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 33001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Dec 11, 2023
Sold by
Ultimate Property Holdings Llc and 54 Investments Llc
Bought by
Visions At Brickell Station Llc
Seller's Agent
Ashley Alvarez
Sterling One Realty, Inc.
Buyer's Agent
William Alvarez
Sterling One Realty, Inc.
List Price
$6,250,000
Sold Price
$2,833,333
Premium/Discount to List
-$3,416,667
-54.67%
Views
53
Current Estimated Value
$2,556,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$276,859
Avg. Annual Appreciation
-4.47%
Original Mortgage
$24,500,000
Outstanding Balance
$24,088,629
Interest Rate
7.44%
Mortgage Type
Balloon
Estimated Equity
-$21,532,155

Purchase Details

Closed on
May 6, 2020
Sold by
Alvarez Mike and Alvarez Sandra
Bought by
Ultimate Property Holdings Llc and 54 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
3.5%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Visions At Brickell Station Llc $2,833,400 Vantage Property Title
Visions At Brickell Station Llc $2,833,400 Vantage Property Title
Ultimate Property Holdings Llc $900,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Visions At Brickell Station Llc $24,500,000
Closed Visions At Brickell Station Llc $24,500,000
Previous Owner Ultimate Property Holdings Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2023 12/18/23 Sold $2,833,333 -54.7% $2,979 / Sq Ft
08/09/2022 08/09/22 For Sale $6,250,000 0.0% $6,572 / Sq Ft
08/01/2021 08/01/21 Rented $3,400 +9.7% --
07/27/2021 07/27/21 Under Contract -- -- --
07/23/2021 07/23/21 Price Changed $3,100 -3.1% $3 / Sq Ft
07/21/2021 07/21/21 For Rent $3,200 +28.0% --
08/01/2020 08/01/20 Rented $2,500 0.0% --
07/22/2020 07/22/20 For Rent $2,500 -- --
Source: MIAMI REALTORS® MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $50,207 $2,458,125 $2,458,125 --
2024 $38,831 $2,487,234 $2,458,125 $29,109
2023 $38,831 $1,704,347 $0 $0
2022 $32,321 $1,549,407 $1,520,000 $29,407
2021 $33,001 $1,535,349 $1,520,000 $15,349
2020 $33,081 $1,535,389 $1,520,000 $15,389
2019 $36,198 $1,677,930 $1,662,500 $15,430
2018 $34,198 $1,677,970 $1,662,500 $15,470
2017 $30,896 $1,440,511 $0 $0
2016 $31,821 $1,440,552 $0 $0
2015 $738 $69,119 $0 $0
2014 $750 $68,571 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashley Alvarez

    Seller's Agent in 2023

    Ashley Alvarez

    Sterling One Realty, Inc.

    (786) 877-7548

    2 in this area

    43 Total Sales

    Ashley Alvarez
    Section Image
  • William Alvarez

    Seller Co-Listing Agent in 2023

    William Alvarez

    Sterling One Realty, Inc.

    (305) 646-8272

    3 in this area

    59 Total Sales

    William Alvarez
    Section Image
  • Anthony Alexandrou

    Buyer's Agent in 2021

    Anthony Alexandrou

    Miami Beach Realty Group

    (914) 262-5587

    2 in this area

    5 Total Sales

    Anthony Alexandrou
    Section Image
  • Sui Jim Chan

    Buyer's Agent in 2020

    Sui Jim Chan

    Miami New Realty

    (305) 842-8893

    27 Total Sales

    Sui Jim Chan
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11254157

MIAMI REALTORS® MLS

APN: 01-4138-051-0140

Florida Miami/Dade County Miami 33130 Brickell

1120 SW 3rd Ave, Miami, FL

Not Listed for Sale

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