The property consists of a 7,000 square foot 0.16 acre parcel zoned T5 O, currently improved with a 1,443 square foot single family residence. The zoning allows for immediate, as of right development of up to 10 residential units or a boutique office concept, offering investors the ability to execute on a variety of high demand product types. In the interim, the existing structure provides the ability to generate income and offset carry costs during the entitlement and planning phase. Positioned within a rapidly evolving corridor with strong population growth, increasing rental demand, and proximity to Coral Gables' core amenities, this offering presents a compelling opportunity to capitalize on a fundamentally strong location with limited comparable development sites.
The property consists of a 7,000 square foot 0.16 acre parcel zoned T5 O, currently improved with a 1,443 square foot single family residence. The zoning allows for immediate, as of right development of up to 10 residential units or a boutique office concept, offering investors the ability to execute on a variety of high demand product types. In the interim, the existing structure provides the ability to generate income and offset carry costs during the entitlement and planning phase. Positioned within a rapidly evolving corridor with strong population growth, increasing rental demand, and proximity to Coral Gables' core amenities, this offering presents a compelling opportunity to capitalize on a fundamentally strong location with limited comparable development sites.
Features
Building and Construction
Flooring: Other
Roof: Shingle
School Information
High School: Coral Gables
Middle School: Ponce De Leon
School Elementary: Auburndale
Eco-Communities
Water Source: Public
Utilities
Cooling: Other
Heating: Other
Pets Allowed: No Restrictions, Yes
Sewer: Public Sewer
Utilities: Electricity Connected
Finance and Tax Information
Tax Year: 2025
Other Features
Appliances: None
Interior Features: None
Legal Description: ENGLEWOOD NORTH PB 7-46 LOT 39 LESS W10FT LOT SIZE 50.000 X 140 OR 20352-3820 04 2002 4
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.