$695,000
$100K PRICE INCREASE

Estimated payment $4,191/month

Total Views 3,465
0.16 Acre
$4,263,804 Price per Acre
7,100 Sq Ft Lot

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.

Listing Agent

Brian Carter, MBA, CCIM

Douglas Elliman License #3022095 Listed on: 04/29/2025

Douglas Elliman

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

Property Details

Property Type

Land

Est. Annual Taxes

$6,599

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Residential
  • Directions: Please see attached OM. Drive by but don't bother/discuss w/ tenants. Current rent $2,595/mo. See "Input Broker Remarks"
  • Horses: No
  • Lot Size Acres: 0.163
  • Lot Size: 71x100
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Road Surface Type: Paved
  • Structure Type: Residential
  • Subdivision Name: FOREST PARK
  • LastStatus: Pending
  • CurrentPrice: 695000
  • InternetRemarks: Miami Land in the path of progress approved for 8 townhome units as a development site near Magic City & Little River.
  • ShowingTimeFlag: Yes
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Suburban

Exterior Features

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

Garage/Parking

  • Park Building Name: FOREST PARK

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Electricity Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-13-025-0050
  • Additional Parcels: No
  • Current Use: Other Usage, Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 7100
  • Zoning: 4600

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 6599

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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 -- --
Source: MIAMI REALTORS® MLS

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
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $273,000 Balloon
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11792450

MIAMI REALTORS® MLS

APN: 01-3113-025-0050