7201 Biscayne Blvd Miami, FL 33138
Upper East Side North NeighborhoodEstimated payment $59,369/month
Highlights
- 0.56 Acre Lot
- Corner Lot
- No HOA
- Morningside K-8 Academy Rated 9+
About This Lot
Prime Development Opportunity with Existing Income Exceptional opportunity to acquire a 24,480 SF development site in one of Miami’s fastest-growing corridors. Located directly on Biscayne Blvd, this property offers high visibility, strong traffic exposure, and significant upside potential. The site is currently home to the well-known “Jimmy’s” restaurant, a recognized local landmark, providing immediate presence and potential holding income while planning redevelopment. Zoning: Dual zoning T5-O & T3-L
Development Potential: Approx. 36 residential units (subject to setbacks and regulations)
Height Allowance: Up to 3 stories / 40 ft (principal structure)
Ancillary Structures: Up to 2 stories, not exceeding main building height
Density & FAR: No traditional limits applied
Use: Mixed-use development permitted Miami 21 zoning (Article 4, Table 3) allows a wide range of uses including residential, retail, office, and hospitality making this site ideal for a boutique mixed-use project or residential development. Strategically positioned in a rapidly evolving area with ongoing growth and redevelopment, this property offers a rare combination of location, flexibility, and income in place.
Property Details
Property Type
- Land
Est. Annual Taxes
- $49,000
Lot Details
- 24,480 Sq Ft Lot
- Corner Lot
- Property is zoned 6101
Utilities
- Cable TV Available
Community Details
- No Home Owners Association
- Belle Meade Condos
- Belle Meade Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-32-07-033-0010
Map
Home Values in the Area
Average Home Value in this Area
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 | $56,093 | $3,080,000 | -- | -- |
| 2024 | $61,485 | $3,290,151 | -- | -- |
| 2023 | $61,485 | $2,991,047 | $2,797,500 | $193,547 |
| 2022 | $15,976 | $646,537 | $0 | $0 |
| 2021 | $15,616 | $587,761 | $0 | $0 |
| 2020 | $14,962 | $1,036,787 | $866,250 | $170,537 |
| 2019 | $14,277 | $1,032,402 | $866,250 | $166,152 |
| 2018 | $13,245 | $1,034,980 | $866,250 | $168,730 |
| 2017 | $10,288 | $401,450 | $0 | $0 |
| 2016 | $8,796 | $364,955 | $0 | $0 |
| 2015 | $8,396 | $331,778 | $0 | $0 |
| 2014 | $9,711 | $428,180 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $10,500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $4,275,000 | None Listed On Document | |
| Warranty Deed | $4,275,000 | None Listed On Document | |
| Warranty Deed | $350,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $375,000 | Commercial |
Source: MIAMI REALTORS® MLS
MLS Number: A12005314
APN: 01-3207-033-0010
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