$8,900,000
$600K PRICE DROP

26 SW South River Dr Miami, FL 33128

Riverside Neighborhood

Estimated payment $50,540/month

Total Views 3,132
0.59 Acre
$15,084,746 Price per Acre
25,700 Sq Ft Lot

Highlights

  • River Front
  • 0.59 Acre Lot
  • No HOA

About This Lot

Offered for the first time since 1980, STL Commercial is pleased to present an incredible opportunity to acquire a one of a kind development site overlooking the Miami River and Downtown Miami. The zoning allows 12 story development for a variety of uses including hotel and multi-family.
Due to its positioning over River Drive, a new build would feature unobstructed views of the river and Downtown, and to the south- views of Biscayne Bay. The Miami River is a booming district featuring some of the city’s most notable food & entertainment, like Kiki on The River and Seaspice.
The property has approximately 26,000 SF of land with a 9,300 SF two-story office building producing income. The site also has significant frontage on Flagler Street, which directly connects the property to Downtown.

Listing Agent

Alexandros Tsoulfas

STL Advisors, LLC License #3444839

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,396

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 340x117
  • River Front
  • Property is zoned 6110

Community Details

  • No Home Owners Association
  • City Of Miami South Condos
  • City Of Miami South Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-02-01-000-1210

Property Details

Property Type

Land

Est. Annual Taxes

$10,396

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Horses: No
  • Inclusions: None
  • Lot Size Acres: 0.59
  • Lot Size: 340x117
  • New Construction: No
  • Road Frontage Type: Main Thoroughfare
  • Subdivision Name: CITY OF MIAMI SOUTH
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Central Urban, Urban Commercial

Exterior Features

  • Lot Features: Central Business District, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront Features: River
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: CITY OF MIAMI SOUTH

Utilities

  • Sewer: Other
  • Water Source: Other
  • Utilities: Water Connected, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-02-01-000-1210
  • Current Use: Unimproved Business/Commercial
  • Lot Size Sq Ft: 25639
  • Zoning: 6110
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 10396

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 $10,396 $417,353 -- --
2023 $10,396 $379,412 $0 $0
2022 $8,337 $344,920 $0 $0
2021 $7,773 $313,564 $0 $0
2020 $7,194 $442,500 $442,500 $0
2019 $6,632 $413,000 $413,000 $0
2018 $5,930 $383,500 $383,500 $0
2017 $5,102 $214,170 $0 $0
2016 $4,984 $194,700 $0 $0
2015 $3,936 $177,000 $0 $0
2014 $4,014 $177,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2025 04/09/25 Price Changed $8,900,000 -6.3% --
08/26/2024 08/26/24 For Sale $9,500,000 -- --
Source: MIAMI REALTORS® MLS

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- Attorney
Source: Public Records

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Source: MIAMI REALTORS® MLS

MLS Number: A11648065

MIAMI REALTORS® MLS

APN: 01-0201-000-1210