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137 NW 165th St - Oleta Lot 0.62 Acres of Residential Land Offered at $945,000 in Miami, FL 33169
Investment Highlights
- Prime infill location in North Miami Beach with strong rental demand
- Dual street frontage for flexible site planning and access
- Close to Aventura Mall, Sunny Isles Beach, and major employment hubs
- RU-2 and RU-3 zoning permitting up to eight multifamily units by right
- Minutes from I-95, Florida’s Turnpike, and SR-826 for regional connectivity
Executive Summary
Located in the Oleta Terrace neighborhood of North Miami Beach, this 0.62-acre development site offers a prime infill opportunity for multifamily investors and builders. Comprising three cleared parcels with dual street frontage on NW 165th and NW 166th Streets, the property provides exceptional design flexibility and ease of access. Its RU-2 and RU-3 zoning allows up to eight units by right, including two duplexes and one fourplex, making it ideal for small-scale multifamily development in a high-demand rental market.
Property Facts
| Price | $945,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.62 AC |
| Property Type | Land | ||
| Zoning | RU-3/ RU-2 - ONE LOT IS RU-3 AND 2 LOTS ARE RU-2 | ||
| Price | $945,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.62 AC |
| Zoning | RU-3/ RU-2 - ONE LOT IS RU-3 AND 2 LOTS ARE RU-2 |
1 Lot Available
Lot
| Price | $945,000 | Lot Size | 0.62 AC |
| Price Per AC | $1,524,193.55 |
| Price | $945,000 |
| Price Per AC | $1,524,193.55 |
| Lot Size | 0.62 AC |
0.62 acres total RU-2 & RU-3 zoning up to 8 units by right, dual street frontage
Description
Strategically positioned east of I-95 and near Florida’s Turnpike and SR-826, the site ensures excellent connectivity to major employment centers, retail corridors, and lifestyle amenities throughout Miami-Dade County. Residents will enjoy proximity to Aventura Mall, Sunny Isles Beach, and Jackson North Medical Center, as well as quick access to Downtown Miami and Miami International Airport. With strong rental demand and favorable zoning, this property represents a rare opportunity to capitalize on Miami’s robust housing market in a location that combines convenience, growth potential, and long-term value.
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Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $378,000 | Total Assessment | $618,486 |
Property Taxes
Parcel Numbers
Land Assessment
$378,000
Improvements Assessment
$0
Total Assessment
$618,486
Contacts
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Markos Bertolotti -
Zenovia Varela -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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