About This Home
This 5-bedroom, 5-bathroom single family at 5885 SW 56th St in Miami, FL is listed for $15,000,000 ($1,818 per sqft). Built in 1947, the home offers 8,252 sqft of living space on a 4.92 acres lot.
Key Features
- Built in 1947
- 4.92 acre lot
- 2 stories
- Private pool
Property Details
Amenities
A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral Gables Welcome to 5885 Miller Rd-a once-in-a-generation real estate offering in the heart of Miami. Situated just blocks from the prestigious limits of Coral Gables, this sweeping 5-acre parcel is one of the last remaining tracts of its size available in the urban core.
Boasting an exceptional location surrounded by gorgeous, high-end homes, this property presents an unprecedented canvas for investors and developers. The land's highest and best use offers immediate value: it can be subdivided right now into five premium 1-acre lots by right.
For the forward-thinking developer, the property holds incredible potential for future rezoning and higher-density subdivision through the county system. Currently gracing the grounds is a beautiful, classic estate that offers timeless elegance and immediate utility while development plans are finalized.
Property Highlights: The Canvas: 5 sprawling acres of pristine, level land. Development Potential: Prime for immediate subdivision into five 1-acre estates, with strategic avenues for future high-density rezoning. The Estate: A classic, beautifully maintained existing residence on-site. Strategic Location: Unbeatable proximity to Coral Gables, top-tier schools, and Miami's best dining and retail. Flood Zone X: High and dry-no flood insurance required. This is more than a piece of land; it is a legacy investment.
Monthly Cost Estimate
$80,223/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5885 SW 56th St
Miami, FL 33155
PLAT OF THE W1/2 OF SE1/4
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 5-bedroom, 5-bathroom single family at 5885 SW 56th St is listed at $15,000,000 ($1,818/sqft). The estimated monthly payment is $80,223 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1947, 4.92 acre lot, 2 stories, Private pool. Interior Features: Breakfast Area, Bathtub, Dining Area. Exterior Features: Awning(s), Balcony, Fence.
This property is listed by Ileana Rodriguez and can be reached at 3059925626.
