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5885 SW 56th St - Rare Trophy Asset: 5-Acre Development 5 Acres of Commercial Land Offered at $15,000,000 in Miami, FL 33155
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Investment Highlights
- Acquire and control five contiguous acres in a built-out section of Miami-Dade County where sites of this scale are increasingly uncommon.
- Current EU-1 zoning supports the creation of approximately five estate-sized residential homesites, offering a clear path for luxury development.
- Mature oak trees, tropical fruit groves, and established landscaping create a setting that would require decades to replicate on a new developed site.
- Existing estate, guest residence, and accessory improvements provide immediate utility while development or entitlement strategies are evaluated.
- Potential rezoning opportunities may allow for additional residential density, creating the opportunity to unlock greater land value over time.
- Near the University of Miami and Riviera Country Club, the property places future residents near premier neighborhoods and major employment centers.
Executive Summary
Set on 5 gated acres, 5885 Miller Road is the only remaining large residential landholding in this part of Miami-Dade County. The property is improved with an estate, a guest apartment, a resort-style pool, and a collection of accessory buildings, all surrounded by mature oak trees, tropical fruit groves, and established landscaping. Rather than starting with vacant land, future ownership can utilize the existing improvements, generate interim income, or maintain the estate while evaluating long-term plans.
The site's size opens the door to several development scenarios. Under current EU-1 zoning, the property can be subdivided into five 1-acre residential homesites, enabling the creation of a small-scale luxury residential community. Buyers may also evaluate rezoning strategies that could increase density, with preliminary projections indicating approximately 14 residential lots, subject to county approvals and independent due diligence. Flood Zone X designation may reduce certain development constraints, and parcels of this scale have become increasingly uncommon in the surrounding area.
Located west of the University of Miami and Riviera Country Club, the property sits within an established residential area surrounded by some of Miami-Dade County's highest-income neighborhoods. Daily conveniences, healthcare, dining, and shopping are available along nearby US Highway 1, including Whole Foods Market, Baptist Health South Miami Hospital, and The Shops at Sunset Place. Miami International Airport (MIA) is approximately 19 minutes away, and the average household income within a 2-mile radius exceeds $155,000, reflecting the purchasing power that supports luxury residential housing in the immediate area.
While buyers may pursue different strategies for the property, the underlying investment thesis remains straightforward: control of five acres in a built-out portion of Miami-Dade County. Whether held, improved, subdivided, or redeveloped, the site's scale, location, and existing infrastructure provide a foundation for long-term value creation.
The site's size opens the door to several development scenarios. Under current EU-1 zoning, the property can be subdivided into five 1-acre residential homesites, enabling the creation of a small-scale luxury residential community. Buyers may also evaluate rezoning strategies that could increase density, with preliminary projections indicating approximately 14 residential lots, subject to county approvals and independent due diligence. Flood Zone X designation may reduce certain development constraints, and parcels of this scale have become increasingly uncommon in the surrounding area.
Located west of the University of Miami and Riviera Country Club, the property sits within an established residential area surrounded by some of Miami-Dade County's highest-income neighborhoods. Daily conveniences, healthcare, dining, and shopping are available along nearby US Highway 1, including Whole Foods Market, Baptist Health South Miami Hospital, and The Shops at Sunset Place. Miami International Airport (MIA) is approximately 19 minutes away, and the average household income within a 2-mile radius exceeds $155,000, reflecting the purchasing power that supports luxury residential housing in the immediate area.
While buyers may pursue different strategies for the property, the underlying investment thesis remains straightforward: control of five acres in a built-out portion of Miami-Dade County. Whether held, improved, subdivided, or redeveloped, the site's scale, location, and existing infrastructure provide a foundation for long-term value creation.
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Property Facts
1 Lot Available
Lot
| Price | $15,000,000 | Lot Size | 5.00 AC |
| Price Per AC | $3,000,000.00 |
| Price | $15,000,000 |
| Price Per AC | $3,000,000.00 |
| Lot Size | 5.00 AC |
Located west of the University of Miami and Riviera Country Club, the 5-acre EU-1-zoned property features a historic estate, guest apartment, resort-style pool, accessory structures, and extensive mature landscaping throughout the site.
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 30-4024-000-0940 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,694,065 |
Property Taxes
Parcel Number
30-4024-000-0940
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,694,065
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5885 SW 56th St - Rare Trophy Asset: 5-Acre Development