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.

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.

Address

Open on Google Maps

Address: 11th Pl
City: North Miami
State/county: Miami-Dade County
Zip/Postal Code: 33161
Area: PALOMAR SUB

Details

Updated on January 11, 2026 at 10:18 pm

Property ID A11942536
Price $698,899
Property Size 849 Square Feet
Bedrooms 2
Bathroom 1
Garage 0
Year Built 1950
Type Single Family Residence
Property Status Residential

Additional details

ArchitecturalStyle Detached, One Story
BathroomsFull 1
BathroomsHalf 0
BuildingAreaTotal 923
BuildingAreaUnits Square Feet
BuildingName PALOMAR SUB
CarportSpaces 0
CommunityFeatures None
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-01-11
Cooling Central Air
CoveredSpaces 0
DaysOnMarket 0
DirectionFaces South
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.
ExpirationDate 2026-06-30
Flooring Wood
Heating Central, Electric
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 954-608-2713
ListingTerms All Cash, Conventional
LotFeatures 1/4 To Less Than 1/2 Acre Lot
LotSizeSquareFeet 7800
MLSAreaMajor Palomar Sub
MajorChangeTimestamp January 12, 2026 at 01:23am
MajorChangeType Price Increase
MiddleOrJuniorSchool North Miami
MlsStatus Active
ModificationTimestamp January 12, 2026 at 01:23am
OnMarketDate 2026-01-11
OriginalEntryTimestamp January 12, 2026 at 01:11am
OriginalListPrice 598890
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 06-22-29-031-0630
ParkingFeatures Driveway
PatioAndPorchFeatures Deck
PhotosChangeTimestamp January 12, 2026 at 01:16am
PhotosCount 9
PostalCodePlus4 5825
PreviousListPrice 598890
PriceChangeTimestamp January 12, 2026 at 01:23am
PublicSurveyRange 22
PublicSurveySection 29
PublicSurveyTownship 22
Roof Built-Up
RoomsTotal 0
Sewer Public Sewer
ShowingContactType Owner
ShowingInstructions Appointment Only, Call Owner
SourceSystemKey 425153175
StateOrProvince FL
StatusChangeTimestamp January 12, 2026 at 01:11am
StreetDirPrefix NE
StreetName 11th Pl
StreetNumber 12110
StreetNumberNumeric 12110
StructureType R30-No Pool/No Water, House
SyndicationRemarks 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. 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.
TaxAnnualAmount 8552
TaxLegalDescription PALOMAR SUB PB 7-158 N35FT LOT 13 & S25FT LOT 14 BLK 5 LOT SIZE 60.000 X 130 OR 19723-0491 04 2001 1
TaxYear 2025
View None
WaterSource Municipal Water
YearBuiltDetails Resale
Zoning 3700