305-613-4507
3050 S Dixie Hwy, Miami, FL for Sale
Apartments - FOR SALE
1/2
null | Request Cap Rate

3050 S Dixie Hwy
Miami, FL 33133
Northeast Coconut Grove


HIGHLIGHTS

  • Prime frontage on South Dixie Highway with high traffic exposure
  • Central Coconut Grove location near Brickell and Coral Gables
  • Large one-bedroom units with clear renovation upside
  • Strong demographics and limited supply pipeline in submarket
  • Immediate access to Metrorail stations and major highways

OVERVIEW

Santa Clara Apartments represents a rare opportunity to acquire a well-located multifamily asset in the heart of Coconut Grove, one of Miami’s most affluent and high-performing neighborhoods. Positioned directly on South Dixie Highway (U.S. 1), the property offers exceptional visibility and connectivity to Brickell, Downtown Miami, Coral Gables, and major east–west arteries such as Bird Road and the Palmetto Expressway. This strategic location places residents within minutes of premier lifestyle destinations including CocoWalk, Merrick Park, Vizcaya Museum & Gardens, and the University of Miami, while providing seamless access to Douglas Road and Coconut Grove Metrorail stations. The asset comprises 20 spacious one-bedroom units averaging 644 SF, with strong in-place operations and clear value-add potential. Current rents trail submarket averages, creating an opportunity to implement renovations and repositioning strategies to capture premium rates. Coconut Grove’s fundamentals—94% occupancy, limited new supply, and high-income demographics—support long-term rent growth and stability. With zoning flexibility under T5-O, investors can explore redevelopment options or maintain the property as a cash-flowing asset in a high-barrier market. This offering combines near-term upside with enduring land value, making it an ideal addition for investors seeking scale and resilience in Miami-Dade County

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Santa Clara Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,707 SF

ZONING

T5-O

APN/PARCEL ID

01-4116-007-0110

ASK ABOUT THIS PROPERTY

Virgilio Fernandez, CCIMCushman & WakefieldMore Info
305-613-4507

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Virgilio Fernandez, CCIMCushman & WakefieldMore Info
305-613-4507

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