Centrally located 54,090 sqf in an “Opportunity Zone”. Under zoning the site supports a maximum density of 110 residential units. This property would qualify for the live local ordinance that would push density to 220 or more residential units. Visible from I-95 and 441 and minutes from Barry University and schools. Located in the Federally designated Opportunity Zone provides significant tax advantages to investors. If the property is developed and held for a minimum period of 10 years, the capital gains from future sale may be entirely tax exempt. If funds from another gain are put into the “opportunity zone fund” the capital gain can be deferred for 5 years with a 10% reduction in Year 5. Please consult with your local authority.
Property Details
Price:
$11,500,000
MLS #:
A11894110
Status:
Active
Beds:
0
Baths:
0
Address:
11575 NW 7th Ave
Type:
Single Family
Subdivision:
PARKWOOD TERRACE
Neighborhood:
parkwoodterrace
City:
Miami
Listed Date:
Oct 10, 2025
State:
FL
ZIP:
33168
Lot Size:
54,090 sqft / 1.00 acres (approx)
Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$47,202
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11575 NW 7th Ave
Miami, FL
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