46 NE 101st St, Miami Shores FL 33138 | Miami-Dade County | A12029701

46 NE 101st St, Miami Shores FL 33138

Active Residential Active

$1,195,000

10 More

Type
Single Family Residence

2
Bedrooms

2
Bathrooms

1
Garage

1523 Sq Ft
Area Size

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Active Residential Active

46 NE 101st St, Miami Shores FL 33138 | Miami-Dade County | A12029701

46 NE 101st St, Miami Shores FL 33138

$1,195,000

Description

DEVELOPMENT OPPORTUNITY IN THE HEART OF MIAMI SHORES. This unique offering combines immediate rental income with significant future development potential for a pre-approved spec home featuring 5 Bedrooms / 4 Bathrooms with 5,000 total SF and 3,750 of living SF situated on an 8,625 SF lot. The property is currently tenant-occupied on a month-to-month basis, providing cash flow while the next owner finalizes their development plans. Buyer receives architectural plans for a new luxury residence, with the plans currently in the final stages of review and preparation for submission to the Village of Miami Shores. The existing plans may be completed as designed or modified to suit the buyer’s specific vision and needs. Conveniently located near Miami Shores Country Club, top-rated schools, parks, dining, shopping, and major transportation corridors. Contact listing agent for additional information regarding the development plans and approval process.

Property Overview

This property at 46 NE 101st St in Miami Shores offers a compelling opportunity for buyers seeking both immediate income and long-term development potential. Built in 1938, the existing two-bedroom, two-bathroom single-family home is currently occupied on a month-to-month basis, offering a steady rental income stream. The property sits on an 8,625-square-foot lot, one of the largest in the area, and comes with pre-approved architectural plans for a new, custom-built luxury home featuring 5 bedrooms, 4 bathrooms, and 3,750 square feet of living space, with a total build of 5,000 square feet. These plans are in the final review stages and can be modified to align with the buyer’s goals. The home is located in the Village of Miami Shores, known for its strong sense of community and proximity to local amenities such as the Miami Shores Country Club, parks, top-rated schools, dining, and major transportation routes. For those interested in development, the plans are ready to submit to the Village for final approvals. For more specific details about the development process or architectural plans, contact the listing agent for a full review.

Frequently Asked Questions

Is this property currently occupied?

Yes, the property is currently tenant-occupied on a month-to-month basis.

What is the current zoning and what kind of development is allowed?

The property is located in Miami Shores and architectural plans are currently in the final stages of review for a new luxury residence. The existing plans may be modified to suit the buyer's specific vision.

What additional materials are included with the property purchase?

The buyer will receive architectural plans for a new luxury residence.

What is the size of the lot and what does the proposed development include?

The property sits on an 8,625 SF lot. The proposed development includes a 5,000 SF total structure with 3,750 SF of living space and 5 Bedrooms / 4 Bathrooms.