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Matthew Gromadzki
International Real Estate
Matthew Gromadzki
+1 (786) 370-8570[email protected]
Gromadzki International Real Estate · Miami, FL
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12110 NE 11th Pl, North Miami, FL 33161

$598,0002 Beds1 Baths849 Sq. Ft.$704 / sq. ft.

North Miami, FL 33161 · PALOMAR SUB

Status
Active
Type
Single Family Residence
Year Built
1950
Days on Market
103
Lot Size
7,800 sqft
MLS #
A12049898

About This Home

R5 zoning 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. This is a R-5 and conditional for 7 units. Seller will not review low ball 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.

Property Details

Bathrooms Full
1
Bathrooms Half
0
Interior Features
First Floor Entry, No Additional Rooms
Appliances
Disposal, Dryer, Electric Range, Microwave, Refrigerator
Flooring
Wood
Heating
Central, Electric
Cooling
Central Air
Architectural Style
Detached, One Story
Garage Spaces
0
Parking Features
Driveway

Building & Association

Building Name
PALOMAR SUB
Association
No

Lot & Construction

Lot Features
1/4 To Less Than 1/2 Acre Lot
Lot Size Square Feet
7,800
Waterfront
No
View
None
Construction Materials
CBS Construction
Roof
Built-Up
New Construction
No

Public Records

Parcel Number
06-22-29-031-0630
Tax Annual Amount
$8,552
Tax Year
2,026
Zoning
3700
County Or Parish
Miami-Dade County

Location

Courtesy of American Real Estate & Mortgage LLC

Matthew Gromadzki
Matthew Gromadzki
Broker
+1 (786) 370-8570
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12110 NE 11th Pl, North Miami, FL 33161

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