12110 NE 11th Pl, North Miami FL 33161

PALOMAR SUB

$629,989
2 Chambres
1 Salle de Bain
849 SQFT
$742 / SQFT
12110 NE 11th Pl, North Miami FL 33161

Demande d'informations

Thomas Pichet
Thomas Pichet
+1 561-945-4345
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$629,989
12110 NE 11th Pl, North Miami FL 33161
PALOMAR SUB
2 Chbres
1 SDB
849 SQFT

Informations Clées

Taille du Lot 7,800 sqft
Année de Construction 1950
Quartier North Miami
Prix/sqft $742/sqft
DOM 69 Jours
MLS # A12049898
Statut Active

Description

ATTENTION INVESTORS & DEVELOPERS — RARE R5 OPPORTUNITY This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3–7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request. This is a R-5 and conditional for 7 units. Seller will not review low ball offers. Thank you!! An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment—a major win in today’s lending environment. Opportunities like this do not last. R5 lots with documented density potential are extremely limited. VALUE-ADD & EXPANSION POTENTIAL • Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units. • Proven development success across the street, where an investor has completed 18 units, validating density and market demand. • Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance. This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market.

Informations sur la Propriété

  • Prix: $629,989
  • Prix/sqft: $742/sqft
  • Tax Year: 2026
  • Tax annual amount: $8,552

  • Property subtype : Single Family Residence
  • Property type : residential
  • MLS # : A12049898
  • Front Exposure: South
  • Stories: 1
  • View: None
  • Living Area: 849 sqft
  • Lot Size: 7,800 sqft
  • Lot Description: Quarter To Half Acre Lot
  • Roof Description: Built Up
  • Flooring: Hardwood, Wood

  • Design Description: Detached, One Story
  • Construction: Block
  • Year Built Details: Resale

  • Pool Features: None

  • City: North Miami
  • County: Miami-Dade
  • State: FL
  • Directions: From Biscayne Blvd (US-1) go west on NE 123rd St. Turn right (north) on NE 12th Ave, then right on NE 121st St. Turn left on NE 11th Pl. Property will be on the right.
  • Parcel Number: 06-22-29-031-0630
  • Subdivision Complex Bldg: PALOMAR SUB
  • Zoning Information: 3700

  • Garage Spaces: 0.0
  • Parking Description: Driveway
  • Carport Spaces: 0.0

  • Heating Description: Central, Electric
  • Cooling Description: Central Air
  • Water Description: Public
  • Sewer Description: Public Sewer

  • Room Count: 0
  • Interior Features: Bedroom On Main Level, First Floor Entry
  • Equipment Appliances: Dryer, Electric Range, Disposal, Microwave, Refrigerator
  • Exterior Features: Deck
  • Patio and Porch Features: Deck

Contact

Thomas Pichet
Thomas Pichet
CEO & Broker
+1 561-945-4345
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