1515-1529 1543 NW South River Dr - Residential LAND FOR SALE


Miami, FL 33125- Little Havana77,101 SF
$18,000,000 USD
305-209-8866
1515-1529 1543 NW South River Dr, Miami, FL for Sale
$18,000,000 USD
Residential LAND - FOR SALE
1/10
77,101 SF

1515-1529 1543 NW South River Dr
Miami, FL 33125
Little Havana


OVERVIEW

Karson & Co. along with The Porosoff Group are pleased to offer 1.77 acres of prime contiguous land along the Miami River, an increasingly rare opportunity in one of Miami’s fastest growing corridors. With direct waterfront access and approximately 14 existing 50 foot boat slips, this three lot assemblage is ideally positioned for impactful development. Under current T4-R zoning, the property permits multifamily residential construction by right, offering immediate development potential. One concept envisions the creation of 40 luxury townhomes that take full advantage of the site’s river frontage and lifestyle appeal. For developers seeking scale, a rezoning to a minimum of T4-L paired with Florida’s Live Local Act could unlock the ability to build approximately 1,800 units, dramatically increasing the site’s value and utility. Notably, this property is not restricted by the “working waterfront” prohibition that limits residential development along much of the Miami River. Surrounded by major projects and moments from River Landing, the UM Jackson Medical District, Miami International Airport, and the upcoming Miami Freedom Park Stadium, the site benefits from unmatched connectivity and long term growth drivers. Whether pursued as a boutique residential enclave or reimagined as a high density urban hub, this land offering provides a rare opportunity to shape the future of the Miami River.

FOR SALE DETAILS

PRICE

$18,000,000 USD

PRICE/ACRE

$10,169,518/AC

PRICE/SF

$233 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Miami River Cove

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

1.77 AC

LAND SF

77,101 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

T4-R

APN/PARCEL ID

01-3135-016-0040,01-3135-016-0060,01-3135-016-0070

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.