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Coconut Grove Development Opportunity
For Sale
$1,875,000

3210 E Elizabeth St, Miami, FL 33133

Income-producing duplex, ideal for new construction in Coconut Grove.

Property Size1,492 SF
Days on Market333

Property Features for 3210 E Elizabeth St

General Information

Standard status Active
Size 1,492 SF
Property subtype Other

Site & Location

Neighborhood Bird Grove West

Taxes and HOA fees

Annual Taxes $14,098

Building Details

Building Size 1,492 SF
Year Built 1948
Stories 2
Listing Agency: Avanti Way Realty
Listed By: Frank Potamos · License #3309816
Source: Elliman
Added: Nov 27, 2025 Changed: Oct 25 Last Checked: Jul 15 at 8:20PM

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 Avanti Way Realty

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Investment Insights

Based on property information with market context.

This property presents a development opportunity in Coconut Grove, featuring a fully leased, income-producing duplex situated on a duplex-zoned lot. Conceptual plans are available for constructing two luxury townhomes, each approximately 1,845 square feet with 3 bedrooms and 3 bathrooms. The estimated hard cost is around $200 per square foot, with a projected all-in cost per townhome of approximately $1.3 million. Resale comparisons in the $1.6 million and above range suggest potential upside for developers. Utilities are available at the street. A survey and conceptual plans are available. The lot may be split, subject to buyer verification with the city. The location is near parks, shops, schools, and dining.

Key Highlights

  • Rare development opportunity in Coconut Grove.
  • Duplex‑zoned lot ideal for building two luxury townhomes.
  • Conceptual plans available for two 3 bed / 3 bath townhomes (approx. 1,845 SF each).

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Nursing Home Garden Center Computer & Electronic Repair Tattoo & Piercing Shop

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

Location Intelligence

Trade Area within ½ mile

3,901
Businesses Nearby

Demographics for 33133, FL

34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Income-producing duplex, ideal for new construction in Coconut Grove.
Where is this residential land & home lot located?
The property is located at 3210 E Elizabeth St Miami, FL.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Rare development opportunity in Coconut Grove.; Duplex‑zoned lot ideal for building two luxury townhomes.; Conceptual plans available for two 3 bed / 3 bath townhomes (approx. 1,845 SF each).
More about this property
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