R5 zoning ATTENTION INVESTORS & DEVELOPERS — RARE R5 OPPORTUNITY This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3–7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request. This is a R-5 and conditional for 7 units. Seller will not review low ball offers. Thank you!! An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment—a major win in today’s lending environment. Opportunities like this do not last. R5 lots with documented density potential are extremely limited. VALUE-ADD & EXPANSION POTENTIAL • Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units. • Proven development success across the street, where an investor has completed 18 units, validating density and market demand. • Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance. This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market.
Property Details
Price:
$598,897
MLS #:
A12049898
Status:
Active
Beds:
2
Baths:
1
Address:
12110 NE 11th Pl
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
PALOMAR SUB
Neighborhood:
palomarsub
City:
North Miami
Listed Date:
Jul 8, 2026
State:
FL
Finished Sq Ft:
849
Total Sq Ft:
923
ZIP:
33161
Year Built:
1950
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Schools
Middle School:
North Miami
Interior
Appliances
Disposal, Dryer, Electric Range, Microwave, Refrigerator
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Wood
Heating
Central, Electric
Exterior
Architectural Style
Detached, One Story
Community Features
None
Construction Materials
C B S Construction
Parking Features
Driveway
Roof
Built- Up
Financial
Tax Year
2026
Taxes
$8,552
Map
Community
- Address12110 NE 11th Pl North Miami FL
- SubdivisionPALOMAR SUB
- CityNorth Miami
- CountyMiami-Dade County
- Zip Code33161
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12110 NE 11th Pl
North Miami, FL
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