$5,750,000
$500K PRICE DROP

Estimated payment $33,329/month

Total Views 3,492
0.67 Acre
$8,646,617 Price per Acre
28,967 Sq Ft Lot

About This Lot

Potential Seller financing on Land to Develop 109 Units in Little Havana Land Site, minutes to UM Hospitals, Brickell/Downtown Miami, Gables, Grove, & MIA. Proposed 8 stories on an assemblage of 4-lots fronting SW 1st & 2nd Streets. Apartment mix of market rate rentals & 71 Live-Local Act Submission to equal 109 units. Covered Land Play receives $17,000/mo rents currently. Renderings by MODIS Architects. See attached OM. Seller willing to take $2,250,000 at closing on a sales price of $6,250,000 and a 4,000,000 loan/(note) at 4.5% annual interest w/ a balloon payment due 18 months or earlier of construction loan.

Listing Agent

Brian Carter, MBA, CCIM

Douglas Elliman License #3022095

Douglas Elliman

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,823

Year Built

  • 1922

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 100x290
  • Additional Parcels
  • Property is zoned 6101

Additional Features

  • City Lot
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lawrence Estates Land Cos Condos
  • Lawrence Estates Land Cos Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-41-02-006-1660

Property Details

Property Type

Land

Est. Annual Taxes

$14,823

Year Built

1922

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Directions: Please review attached OM and then schedule a call w/ Broker for further questions & guidance.
  • Horses: No
  • Lot Size Acres: 0.665
  • Lot Size: 100x290
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Road Surface Type: Paved
  • Subdivision Name: LAWRENCE ESTATES LAND COS
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands
  • Year Built: 1922

Interior Features

  • Possible Use: Urban Commercial

Exterior Features

  • Lot Features: City Location, 1-2.5 Acres
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: LAWRENCE ESTATES LAND COS

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-02-006-1660
  • Additional Parcels: Yes
  • Current Use: Unimproved Multi Family (5+Units)
  • Lot Size Sq Ft: 29000
  • Zoning: 6101
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 14823

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $380 $275,096 -- --
2023 $380 $249,141 $0 $0
2022 $380 $226,492 $0 $0
2021 $380 $205,902 $0 $0
2020 $380 $268,496 $225,000 $43,496
2019 $380 $284,646 $225,000 $59,646
2018 $380 $262,193 $202,500 $59,693
2017 $380 $140,636 $0 $0
2016 $380 $127,851 $0 $0
2015 $380 $116,143 $0 $0
2014 $380 $105,585 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2025 01/28/25 Price Changed $5,750,000 -8.0% --
10/28/2024 10/28/24 For Sale $6,250,000 0.0% --
07/01/2024 07/01/24 Rented $2,800 -3.4% --
06/21/2024 06/21/24 Under Contract -- -- --
06/13/2024 06/13/24 Price Changed $2,900 -7.9% $2 / Sq Ft
05/03/2024 05/03/24 For Rent $3,150 0.0% --
03/31/2022 03/31/22 Sold $1,600,000 -4.8% $1,187 / Sq Ft
12/08/2021 12/08/21 For Sale $1,680,000 0.0% $1,246 / Sq Ft
01/02/2020 01/02/20 Rented $1,800 0.0% --
12/30/2019 12/30/19 Under Contract -- -- --
12/02/2019 12/02/19 Price Changed $1,800 -8.9% $1 / Sq Ft
11/07/2019 11/07/19 Price Changed $1,975 -6.0% $1 / Sq Ft
09/25/2019 09/25/19 Price Changed $2,100 -6.7% $1 / Sq Ft
08/28/2019 08/28/19 For Rent $2,250 0.0% --
04/19/2012 04/19/12 Sold $550,000 -17.9% $408 / Sq Ft
01/08/2012 01/08/12 Pending -- -- --
10/20/2011 10/20/11 For Sale $670,000 -- $497 / Sq Ft
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- Attorney
Warranty Deed $313,500 Attorney
Warranty Deed $78,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $124,014 New Conventional
Previous Owner $73,500 New Conventional
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11678541

MIAMI REALTORS® MLS

APN: 01-4102-005-9550