$1,695,000
Miami, FL 33137
MLS# A12063358
1 / 70
Property Description
This 5,552 square foot corner lot is zoned T5-R, permitting development up to 5 stories and 8 units, with an estimated 17,825 buildable square feet under Miami 21 zoning guidelines. The parcel offers corner exposure on NE 59th Street, across from a school and the Laundromat Art Space and sits adjacent to a church occupying the remaining section of the block fronting Northeast 2nd Avenue, providing a strategic corner position within the surrounding urban footprint. Located within a designated Opportunity Zone one block from the Magic City Innovation District and near the planned Tri-Rail Station corridor, it benefits from strong transit-oriented proximity. The property currently generates approximately $7,000 in gross monthly rental income and features four residential units where each unit includes a private backyard, separate address, independent utilities, impact windows, 4 water meters, and 4 FPL meters. The property is positioned in flood zone X, an area of minimal flood hazard. All buyers are advised to independently verify zoning specifications and transit timelines.
Details
Maps
Contract Information
Comp Sale YN: No
LP/Acre: 13038461.54
LP/Frontage: 28250
Listing Date: 2026-07-31
Status: Active
Original List Price: 1750000
List Price: $1,695,000
Current Price: $1,695,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Zip: 33137
Subdivision Number: 65
Flood Zone: X
Country: United States
Street Number: 150
Street Direction Prefix: NE
Street Name: 59th
Street Suffix: Street
State Or Province: FL
Postal Code: 33137
Postal Code +4: 2006
Subdivision Name: DIXIE HIGHWAY TRACK
Area: 2310
Middle Or Junior School: Jose De Diego
High School: Miami Edison
Parcel Number: 0131130651640
Zoning: T5-R
General Property Information
Lot Size Dimensions: 0.13
Lot Depth: 93
Lot Frontage: 60
LP/SqFt: 305.3
Property Sub Type: Unimproved Land
Lot Size Acres: 0.13
Lot Size Square Feet: 5552
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Year: 2025
Tax Annual Amount: 7450
Tax Legal Description: DIXIE HIGHWAY TR PB 5-24 LOT 10 BLK 11 73R-20732 LOT SIZE 59.700 X 93 COC 24192-3349 01 2006 1
Office/Member Information
DXORIGMLSID: SEF
Short Sale Details
Short Sale Addendum: No
Comprehensive Plan Use
Central Urban: 1
Current Use
Other: 1
Environmental Audit
None: 1
Location of Property
City Location: 1
Corner Lot: 1
Near School: 1
Urban Area Development: 1
Possession
Subject To Tenant Rights: 1
Sewer
Public Sewer: 1
Special Information
City Jurisdiction: 1
Utilities
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Trash Removal: 1
Lot Features
Regular Lot: 1
Road Frontage Type
Easement: 1
Public Road: 1
Water Source
Public: 1
Income and Expenses
Inc/Exp Statement Period: 0
Gross Scheduled Income: 82800
Showing Requirements
Call Listing Agent: 1
Showing Service: 1
Price Calculations
Current Price To SqFt: 299.32
Section Details
Parcel Number MLX: 1640
Status Change Information
Major Change Timestamp: 2026-09-09T22:30:04Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-09T22:30:04Z
Status Change Date: 2026-07-31
Originating Details
Originating System Key: 539306549
Originating System ID: M00000151
Property Features
Comprehensive Plan Use: Central Urban
Current Use: Other
Environmental Audit: None
Location of Property: City Location; Corner Lot; Near School; Urban Area Development
Possession: Subject To Tenant Rights
Sewer: Public Sewer
Special Information: City Jurisdiction
Utilities: Electricity Available; Sewer Available; Water Available; Trash Removal
Lot Features: Regular Lot
Road Frontage Type: Easement; Public Road
Water Source: Public
Showing Requirements: Call Listing Agent; Showing Service
Listing Office: Beachfront Realty Inc
Last Updated: September - 19 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
