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.
- Swimming Pool
- Heating System
- Cooling System
- View
- Patio:
- Deck
- Appliances
- Architectural Style
- Parking Features
- Roof:
- Built-up
- Sewer
- 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''
- 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:
- Click Here
Residential For Sale
12110 Ne 11th Pl, North Miami, Florida 33161, North Miami, Florida 33161
- 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
