A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral GablesWelcome to 5885 Miller Rd-a once-in-a-generation real estate offering in the heart of Miami. Situated just blocks from the prestigious limits of Coral Gables, this sweeping 5-acre parcel is one of the last remaining tracts of its size available in the urban core.Boasting an exceptional location surrounded by gorgeous, high-end homes, this property presents an unprecedented canvas for investors and developers. The land's highest and best use offers immediate value: it can be subdivided right now into five premium 1-acre lots by right. For the forward-thinking developer, the property holds incredible potential for future rezoning and higher-density subdivision through the county system.Currently gracing the grounds is a beautiful, classic estate that offers timeless elegance and immediate utility while development plans are finalized.Property Highlights:The Canvas: 5 sprawling acres of pristine, level land.Development Potential: Prime for immediate subdivision into five 1-acre estates, with strategic avenues for future high-density rezoning.The Estate: A classic, beautifully maintained existing residence on-site.Strategic Location: Unbeatable proximity to Coral Gables, top-tier schools, and Miami's best dining and retail.Flood Zone X: High and dry-no flood insurance required.This is more than a piece of land; it is a legacy investment.
| MLS # | A12068717 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 73 |
| Listing Provided By | RE/MAX Advance Realty II | Ileana Rodriguez |
| Zoning | 2300 |
|---|---|
| Acreage | 5.00 |
| Lot Features | Corner Lot |
|---|
| Tax Annual Amount | 28142 |
|---|
| Community Features | Near Schools |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33155 |
| Area | 2400 |
| Community Name | PLAT OF THE W1/2 OF SE1/4 |
| Listing VS Median (in PLAT OF THE W1/2 OF SE1/4) | |
Price: $15,000,000 low | high Med: $15,000,000 On site: 73 low | high Med: 73 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33155 |
| Area | 2400 |
| Community Name | PLAT OF THE W1/2 OF SE1/4 |
| Listing VS Median (in PLAT OF THE W1/2 OF SE1/4) | |
Price: $15,000,000 low | high Med: $15,000,000 On site: 73 low | high Med: 73 | |
![]() | $15,000,0005885 Sw 56th StreetMiami, FL 33155 |
![]() | $15,000,0005885 Sw 56th StMiami, FL 33155 |