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Development Land for 51-Unit Apartments
For Sale
$2,340,000

10060 E Hibiscus St, Palmetto Bay, FL 33157

Vacant land with preliminary plans for a 51-unit apartment building in an Opportunity Zone, with seller financing available.

Property SizeContact for details
Days on Market75

Property Features for 10060 E Hibiscus St

General Information

Standard status Active
Property subtype Land

Additional Details

Opportunity Zone Yes
Multifamily Units 51

Taxes and HOA fees

Annual Taxes $3,696
Listing Agency: EXP Realty LLC
Listed By: Eddy Rodriguez · License #A11900694
Source: Exprealty
Added: May 28 Changed: Aug 8 Last Checked: Jul 13 at 2:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC

Investment Insights

Based on property information with market context.

This vacant land offering is presented for development of a 51-unit apartment building, with preliminary drawings included to help streamline the planning process. The property is identified as being located within an Opportunity Zone.

The seller indicates seller financing is available for qualified purchasers. Additional details on the development scope beyond the 51-unit concept and the preliminary drawings are not provided in the information available.

Prospective buyers should review the preliminary drawings and any related documentation to confirm site design, unit configuration, and next-step permitting requirements prior to making a commitment.

Key Highlights

  • Vacant land with preliminary plans for a 51‑unit apartment building
  • Proposed development is located in a federally designated Opportunity Zone
  • Preliminary drawings included to support the development process

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Restaurant Parking Lot & Garage Butcher Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

51
Residential units

Location Intelligence

Trade Area within ½ mile

1,622
Businesses Nearby

Demographics for 33157, FL

68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Vacant land with preliminary plans for a 51-unit apartment building in an Opportunity Zone, with seller financing available.
Where is this residential land & home lot located?
The property is located at 10060 E Hibiscus St Palmetto Bay, FL.
What is the asking price?
The asking price for this property is $2,340,000.
What are key features of this property?
This property features: Vacant land with preliminary plans for a 51‑unit apartment building; Proposed development is located in a federally designated Opportunity Zone; Preliminary drawings included to support the development process
More about this property
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