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$15,000,000
5885 SW 56th Street
Miami, FL 33155
MLS# A12068717



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Property Description
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.

Details
Maps
Contract Information
Comp Sale YN: No
LP/Acre: 3000000
Listing Date: 2026-08-12
Status: Active
Original List Price: 15000000
List Price: $15,000,000
Current Price: $15,000,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 30
Postal Zip: 33155
Subdivision Number: 0
Flood Zone: X
County Land Use: EU-1
Country: United States
Street Number: 5885
Street Direction Prefix: SW
Street Name: 56th
Street Suffix: Street
State Or Province: FL
Postal Code: 33155
Postal Code +4: 6342
Subdivision Name: PLAT OF THE W1/2 OF SE1/4
Area: 2400
Elementary School: David Fairchild
Middle Or Junior School: South Miami
High School: South Miami
Parcel Number: 3040240000940
Zoning: 2300
General Property Information
Number Of Lots: 1
Lot Size Dimensions: 214315
LP/SqFt: 69.99
Property Sub Type: Unimproved Land
Lot Size Acres: 5
Lot Size Square Feet: 214315
Direction Faces: South
Financial Information
Estimated Monthly Assoc Recurring Fee: 0
Tax Year: 2025
Tax Annual Amount: 28142
Tax Legal Description: 24 54 40 4.92 AC W1/2 OF SW1/4 OF SE1/4 OF SE1/4 LESS S50FT FOR R/W LOT SIZE IRREGULAR
Office/Member Information
DXORIGMLSID: SEF
Fencing
Fenced: 1
Current Use
Check Land Use Plan: 1
Residential: 1
Single Family: 1
Other: 1
Development Status
Recorded Plat: 1
Other: 1
Irrigation Source
Surface Water: 1
Land Fill
Fill Unknown: 1
Location of Property
Corner Unit: 1
Near School: 1
Other Structures
Other: 1
Possession
Negotiable: 1
Possible Use
Residential: 1
Soil Type
Dirt: 1
Trees
Avocado: 1
Mango: 1
Other: 1
Utilities
Cable Available: 1
Electricity Available: 1
Phone Available: 1
Sewer Available: 1
Water Available: 1
Irrigation Water Onsite: 1
Other: 1
Trash Removal: 1
Listing Terms
Cash: 1
Road Surface Type
Paved: 1
Water Source
Public: 1
Showing Requirements
Showing Service: 1
Tax Information
Homestead Exemption: 1
Price Calculations
Current Price To SqFt: 68.87
Section Details
Parcel Number MLX: 0940
Acreage Description
4 To Less Than 5 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-08-12T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-08-12
Originating Details
Originating System Key: 546275046
Originating System ID: M00000151
Property Features
Current Use: Check Land Use Plan; Residential; Single Family; Other
Development Status: Recorded Plat; Other
Fencing: Fenced
Irrigation Source: Surface Water
Land Fill: Fill Unknown
Location of Property: Corner Unit; Near School
Other Structures: Other
Possession: Negotiable
Possible Use: Residential
Soil Type: Dirt
Trees: Avocado; Mango; Other
Utilities: Cable Available; Electricity Available; Phone Available; Sewer Available; Water Available; Irrigation Water Onsite; Other; Trash Removal
Listing Terms: Cash
Road Surface Type: Paved
Tax Information: Homestead Exemption
Water Source: Public
Showing Requirements: Showing Service
Acreage Description: 4 To Less Than 5 Acre Lot

IDX
Listing Office: RE/MAX Advance Realty II

Last Updated: August - 12 - 2026

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