139 NE 1st St Miami, FL 33132
Downtown Miami NeighborhoodEstimated payment $111,022/month
About This Lot
Shovel-ready hotel development with rare cost saving advantages in Downtown Miami, steps from Miami Worldcenter,Brightline and major corporate hubs. This fully entitled 163 room, 17 story project includes plans, and demolition permits. The site qualifies for a 10 year AD VALOREM tax Exemption and an estimated $8.74M in HTC benefits, creating major Financial incentives. Located in one of Miami's Strongest hospitality markets, this prime investment opportunity offers luxury hotel plans with a rooftop pool and the option of a pre-negotiated Flag operator lease once developed, providing a turnkey, corporate-backed asset with substantial upside.
Property Details
Property Type
- Land
Est. Annual Taxes
- $93,196
Year Built
- 1927
Lot Details
- 7,500 Sq Ft Lot
- Lot Dimensions are 50x150
- Property is zoned 6401
Location
- City Lot
Community Details
- No Home Owners Association
- Miami North Condos
- Miami North Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-01-10-040-1100
Map
Home Values in the Area
Average Home Value in this Area
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 | $90,162 | $4,206,236 | -- | -- |
| 2023 | $90,162 | $3,823,851 | $0 | $0 |
| 2022 | $82,720 | $3,476,229 | $0 | $0 |
| 2021 | $71,008 | $3,160,209 | $0 | $0 |
| 2020 | $67,120 | $3,516,401 | $3,487,500 | $28,901 |
| 2019 | $74,229 | $3,402,748 | $3,375,000 | $27,748 |
| 2018 | $72,865 | $3,402,769 | $3,375,000 | $27,769 |
| 2017 | $138,578 | $6,352,500 | $0 | $0 |
| 2016 | $128,746 | $5,775,000 | $0 | $0 |
| 2015 | $87,074 | $3,250,374 | $0 | $0 |
| 2014 | $71,415 | $2,954,886 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2025 04/01/25 | For Sale | $18,500,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $2,024,000 | Attorney | |
| Special Warranty Deed | $7,176,000 | None Available | |
| Warranty Deed | $1,300,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $7,350,000 | Future Advance Clause Open End Mortgage | |
| Closed | $7,350,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $400,000 | Commercial | |
| Previous Owner | $3,760,000 | Stand Alone First | |
| Previous Owner | $900,000 | Commercial | |
| Previous Owner | $500,000 | New Conventional | |
| Closed | $415,000 | No Value Available |
Source: MIAMI REALTORS® MLS
MLS Number: A11776399
APN: 01-0110-040-1100
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