House in Miami, Florida 8 bedrooms, 462.84 sq.m. № 2019597

Property description

Rare multifunctional investment opportunity in the heart of Shenandoah South, a high-demand neighborhood where historic Miami charm meets an evolution toward multi-million dollar homes. This property is being sold primarily for land value, offering an ideal canvas for developers looking to capitalize on the Miami 21 Zoning Code. The property currently features two buildings: a two-story main house and a separate rear structure containing two apartment units. Equipped with two existing electrical meters, providing a solid foundation for further multi-unit development. Note: Buyers and their agents are responsible for verifying all zoning, land use, and development potential during the inspection period. This site offers multiple development paths under the city's vision, benefiting from a market where residential land prices recently surged by 125% per square foot. Positioned minutes from South Florida’s most prestigious hubs—including Coconut Grove, Coral Gables, Brickell, and MIA—this location guarantees long-term appreciation and liquidity.