Property 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.
Offers under $650,000 will not be reviewed by the seller. This is a R-5 and conditional for 7 units. Seller will not review lower 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.

Features
Swimming Pool
Heating System
Cooling System
View
Patio:
Deck
Appliances
Architectural Style
Parking Features
Roof:
Built-up
Sewer
Address Map
State:
FL
County:
Miami-Dade
City:
North Miami
Zipcode:
33161
Street:
12110 Ne 11th Pl, North Miami, Florida 33161
Longitude:
W81° 49' 30''
Latitude:
N25° 53' 14.6''
MLS Addon
Bathrooms Total:
1
Building Area:
923 Sqft
Construction Materials:
Block
Cumulative DOM:
25
DOM:
26
Direction Faces:
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.
Exterior Features
Flooring:
Wood, Hardwood
Interior Features
Internet Address Display:
1
Internet Listing Display:
1
Listing Terms:
Cash, Conventional
Lot Features
Parcel Number:
06-22-29-031-0630
Subdivision Name:
PALOMAR SUB
Tax Annual Amount:
$8,552
Tax Year:
2025
Virtual Tour:
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Residential For Sale

12110 Ne 11th Pl, North Miami, Florida 33161, North Miami, Florida 33161

2 Bedrooms
1 Bathrooms
849 Sqft
$698,899
MLS # #A11942536
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Price :
$698,899
Bedrooms :
2
Bathrooms :
1
Square Footage :
849 Sqft
Year Built :
1950
Lot Area :
7,800 Sqft
MLS # :
A11942536
Property Sub Type :
Single Family Residence
Agent info
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