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    1515 South River Dr Miami, FL 33125

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    For Sale
    $18,000,000

    1.77-acre lot with approval for 40 luxury townhomes.

    Lot size:
    1.77 Acres

    Property Features for 1515 South River Dr

    General Information

    Lot size
    1.77 Acres
    Source: Moodyscre

    Listing Agent: Arthur Porosoff

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Land for Luxury Townhomes

    This 1.77-acre lot, situated between three folios, has site plan approval for the development of 40 luxury townhomes. The property is zoned T4-R. The projected total project costs, including land acquisition and construction, are estimated at $54,179,447, with an estimated sellout of $77,600,000, projecting a profit of $23,420,553.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.22071
    Latitude
    25.783909

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    FAQs

    What type of property is this?
    Land - 1.77-acre lot with approval for 40 luxury townhomes.
    Where is this land located?
    The property is located at 1515 South River Dr Miami, FL.
    What is the asking price?
    The asking price for this property is $18,000,000.
    What are key features of this property?
    This property features: - Site plan approval for **40 luxury townhomes**; - 1.77 Acre Lot; - T4-R zoning
    (305) 209-8866
    Request Owner's contact information
    1515 South River Dr Miami, FL 33125
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    Miami, FL 33125
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1515 South River Dr Miami, FL 33125
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