Estimated payment $4,191/month
About This Lot
Over 60% potential development returns for this permit ready development site in an Opportunity Zone in Miami, FL, between Magic City & the Little River Innovation Districts; as well as between Wynwood, Miami Beach, MIA Airport, but near the new Swerdlow Group development of 5,000 + units. Plans to develop 8 townhomes w/ garages & roof top summer kitchens. Sell as condos or rental flexibility as either 8 townhomes or 4 – 3 bed townhomes; 4 – 2/2 flats, & 4 – ground level 1/1’s. Rentals for the 12 units produce best yield on costs. 7,100 SF lot Zoned T5-R. On site is an existing house rented for current income. Development pending only the payment of impact, permit fees, & tree bond by Buyer.
Property Details
Property Type
- Land
Est. Annual Taxes
- $6,599
Lot Details
- 7,100 Sq Ft Lot
- Lot Dimensions are 71x100
- Irregular Lot
- Property is zoned 4600
Additional Features
- City Lot
- Cable TV Available
Community Details
- No Home Owners Association
- Forest Park Condos
- Forest Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-31-13-025-0050
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 | $6,599 | $277,695 | -- | -- |
| 2024 | $7,001 | $252,450 | -- | -- |
| 2023 | $7,001 | $229,500 | $181,050 | $48,450 |
| 2022 | $5,957 | $270,514 | $177,500 | $93,014 |
| 2021 | $704 | $68,991 | $0 | $0 |
| 2020 | $1,030 | $68,039 | $0 | $0 |
| 2019 | $1,021 | $66,510 | $0 | $0 |
| 2018 | $996 | $65,270 | $0 | $0 |
| 2017 | $996 | $63,928 | $0 | $0 |
| 2016 | $1,007 | $62,614 | $0 | $0 |
| 2015 | $1,017 | $62,179 | $0 | $0 |
| 2014 | $1,029 | $61,686 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2025 11/12/25 | Price Changed | $695,000 | +16.8% | -- |
| 08/18/2025 08/18/25 | For Sale | $595,000 | +24691.7% | -- |
| 07/31/2025 07/31/25 | Pending | -- | -- | -- |
| 07/07/2025 07/07/25 | Rented | $2,400 | -3.8% | -- |
| 06/23/2025 06/23/25 | For Rent | $2,495 | 0.0% | -- |
| 04/29/2025 04/29/25 | For Sale | $595,000 | 0.0% | -- |
| 06/10/2024 06/10/24 | Rented | $2,595 | 0.0% | -- |
| 06/09/2024 06/09/24 | Off Market | $2,595 | -- | -- |
| 05/27/2024 05/27/24 | For Rent | $2,595 | -25.9% | -- |
| 04/05/2023 04/05/23 | Rented | $3,500 | +40.8% | -- |
| 04/03/2023 04/03/23 | For Rent | $2,485 | -4.4% | -- |
| 02/21/2022 02/21/22 | Rented | -- | -- | -- |
| 02/06/2022 02/06/22 | For Rent | $2,600 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $270,000 | Ray A Schlichte Jr Pa | |
| Warranty Deed | $150,000 | Ray A Schlichte Jr Pa |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $273,000 | Balloon |
Source: MIAMI REALTORS® MLS
MLS Number: A11792450
APN: 01-3113-025-0050
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