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Exceptional redevelopment opportunity in the highly sought-after Biscayne Gardens neighborhood! Situated on an oversized 20,479 sq. ft. multifamily-zoned lot, this property presents an outstanding opportunity for developers, builders, and investors seeking their next project. The existing structure is being offered primarily for land value, making it an ideal candidate for redevelopment. Conceptual renderings included in the listing photos showcase one vision of the site's potential. With multifamily zoning, generous lot size, and strong demand for new housing in the area, this property offers significant upside for those looking to maximize its highest and best use. Luxury homes in the surrounding neighborhood have sold for as much as $3 million, highlighting the area's continued growth and redevelopment potential. Ideally located near major highways, shopping, dining, schools, parks, this prime location further enhances the property's long-term investment appeal. Large multifamily development sites in Miami are becoming increasingly scarce, making this a rare opportunity to secure a substantial parcel in one of Miami's evolving neighborhoods. Buyer to independently verify zoning, density, permitted uses, and development potential with the appropriate municipal authorities.
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 16225 NE 2nd Ave | $379,000 | 3/2 | 1,176 | 109 | $0 | ||
| 950 NE 160th St | $400,000 | 3/1 | 1,062 | 99 | $0 | ||
| 442 NE 162nd St | $449,000 | 3/1 | 1,006 | 93 | $0 | ||
| 250 NE 160th St | $449,900 | 3/2 | 1,477 | 137 | $0 | ||
| 16500 NE 5th Ave | $470,000 | 3/1 | 1,650 | 153 | $0 | ||
| 565 NE 160th St | $495,000 | 4/2 | 1,567 | 146 | $0 | ||
| 310 NE 162nd St | $524,900 | 4/3 | 1,536 | 143 | $0 | ||
| 16234 NE 9th Ct | $540,000 | 2/1 | 1,435 | 133 | $0 | ||
| 951 NE 157th Ter | $549,000 | 4/2 | 1,352 | 126 | $0 | ||
| 935 NE 164th St | $575,000 | 4/3 | 1,732 | 161 | $0 | ||
| 785 NE 155th St | $595,000 | 3/2 | 2,741 | 255 | $0 | ||
| 560 NE 161st St | $599,999 | 0.17% | 4/2 | 1,523 | 141 | $0 | |
| 666 NE 164th Ter | $630,000 | 3/3 | 1,238 | 115 | $0 | ||
| 770 NE 160th St | $639,000 | 0.63% | 4/2 | 1,399 | 130 | $0 | |
| 16010 NE 5th | $650,000 | 3/2 | 1,904 | 177 | $0 |
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 05/22/2026 | $477,000 | $479,000 | 3 | 2 | 1,110 | 3 months | |
| 05/14/2026 | $1,200,000 | $1,250,000 | 0 | 0 | 0 | 2 months | |
| 04/28/2026 | $525,000 | $519,770 | 3 | 2 | 1,110 | 2 months | |
| 02/27/2026 | $545,000 | $545,000 | 3 | 2 | 1,530 | 4 weeks | |
| 02/23/2026 | $560,000 | $550,000 | 3 | 2 | 1,120 | 5 months |
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