561-752-6635
5959 SW 71st St, South Miami, FL for Sale
Apartments - FOR SALE
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5959 SW 71st St
South Miami, FL 33143


HIGHLIGHTS

  • The newest and tallest student tower serving UM, in a market starved for purpose-built beds with unmatched amenities!

OVERVIEW

SoMi Walk is a 16-story, 173-unit, 673-bed purpose-built luxury student housing tower under construction in downtown South Miami, the first tower of its height in the city. The property sits five minutes from the University of Miami campus and two minutes from the South Miami Metrorail station, one stop from the university's front door, in one of the most supply-constrained student housing markets in the country. Residences are fully furnished and leased by the bed. The amenity program includes resort-style rooftop and third-floor pool decks, a wellness center, cold plunge, sauna, tanning beds, golf simulators, private and shared study center, state of the art gym, student lounge and rooftop paddleball. The site is located in a Qualified Opportunity Zone. The project is fully entitled under the City of South Miami's student housing ordinance, which permits reduced parking and up to five bedrooms per unit. The foundation is complete and the tower is rising, with TCO targeted for June 2028 ahead of Fall 2028 move-in. Pre-leasing is open and supported by an active marketing campaign. Offered for sale to qualified buyers, please reach out for more information. Pricing to be determined; offers invited.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

173

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Somi Walk Luxury Student Housing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

16

YEAR BUILT

2028

PARKING SPACES

173

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

6801

APN/PARCEL ID

09-4025-025-0010

ASK ABOUT THIS PROPERTY

Jonathon PavlovAlta DevelopmentMore Info
561-752-6635

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Jonathon PavlovAlta DevelopmentMore Info
561-752-6635

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