Rare multifunctional investment opportunity in the heart of Shenandoah South, a high-demand neighborhood where historic Miami charm meets an evolution toward multi-million dollar homes. This property is being sold primarily for land value, offering an ideal canvas for developers looking to capitalize on the Miami 21 Zoning Code. Those with vision may want to incorporate some of the Old Spanish features and charm to renovate the property as others have done in the neighborhood. The property currently features two buildings: an Old Spanish two-story main house and a separate rear structure containing two apartment units. Equipped with two existing electricity meters, providing a solid foundation for further multi-unit development. Note: Buyers and their agents are responsible for verifying all zoning, land use, and development potential during the inspection period. This site offers multiple development paths under the city's vision, benefiting from a market where residential land prices recently surged by 125% per square foot. Positioned minutes from South Florida’s most prestigious hubs—including Coconut Grove, Coral Gables, Brickell, and MIA—this location guarantees long-term appreciation and liquidity.
Listed by RE/MAX Advance Realty II
The MLS data provided for the property above (MLS#A11957608) is provided courtesy of Zilbert.com. Source: Southeast FloridaMLS. Data updated 5/30/2026. Mark Zilbert is a member of the Zilbert Network and is licensed with Zilbert as a cooperating broker or cooperating agent and may not be the listing agent for this property. Information is deemed reliable but not guaranteed. The listing data on this page comes from the Miami Association of Realtors. All rights reserved. The information being provided is for consumer personal, non-commercial use. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.