Basic Information

  • MLS # A11942536
  • Type Single Family Home
  • Subdivision/Complex Palomar Sub
  • Year Built 1950
  • Total Sqft 7,800
  • Date Listed 01/11/2026
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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description Driveway
  • Exterior Features Deck

Interior Features

  • Adjusted Sqft 849Sq.Ft
  • Interior Features Bedroom On Main Level, First Floor Entry
  • Sqft 849 Sq.Ft

Property Features

  • Aprox. Lot Size 7,800
  • Furnished Info No
  • Lot Description Quarter To Half Acre Lot
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Palomar Sub
  • Tax Amount $8,552
  • Tax Year 2025

12110 NE 11th Pl

North Miami, FL 33161

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