Shovel-Ready 16-Unit Multifamily
For Sale
$1,999,000
550 NE 127th St, North Miami, FL 33161
Land, North Miami, FL
Property Size17,384 SF
Lot Size16,500.00 Acres
Price / SF$114.99
Days on Market89
Property Features for 550 NE 127th St
General Information
Property type
Land
Property subtype
Other
Zoning description
0700
Subdivision
GRIFFING BISC PK EST
Lot features
<1 Acre
Standard status
Active
APN
06-22-30-025-0030
Lot size
16,500.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GRIFFING BISCAYNE PK EST PB 5-83 LOT 3 BLK 3 LOT SIZE 75.000 X 220 OR 21319-2061 04 2003 4 COC 26041-2051 10 2007 1
Tax Annual Amount
12359
Legal Description
GRIFFING BISCAYNE PK EST PB 5-83 LOT 3 BLK 3 LOT SIZE 75.000 X 220 OR 21319-2061 04 2003 4 COC 26041-2051 10 2007 1
Utilities
Water source
Public
Listing Agency:
Keller Williams Realty SW
(954) 237-0400
Listed By:
Alberto Vasquez · License #3216182
(786) 481-0204
Added: Jun 3
Changed: Aug 19
Last Checked: Aug 30 at 9:06AM
MLS# A11964527
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is for land with fully approved plans and zoning in place for a 16-unit multifamily development. The approved unit mix includes eight 2-bedroom, two-bath units; six 3-bedroom, two-bath units; and two 4-bedroom, three-bath units. The total buildable area identified in the plans is 17,384 SF, designed to support the proposed residential configuration.
The property is located in North Miami, Florida, at 550 NE 127th St (Miami-Dade County). The seller’s materials describe the project as shovel-ready, with approvals complete and positioned for immediate vertical construction based on the included documentation.
For buyers, builders, and operators, this structure provides a clear development pathway using the already-approved plans rather than starting from the permitting stage. The package is presented as suitable for a long-term hold investor, a family office, or a builder looking to work with finalized approvals. The listing also references rental comps averaging about $2.85/SF to contextualize the proposed residential use, though underwriting should be confirmed independently by prospective parties.
The property is located in North Miami, Florida, at 550 NE 127th St (Miami-Dade County). The seller’s materials describe the project as shovel-ready, with approvals complete and positioned for immediate vertical construction based on the included documentation.
For buyers, builders, and operators, this structure provides a clear development pathway using the already-approved plans rather than starting from the permitting stage. The package is presented as suitable for a long-term hold investor, a family office, or a builder looking to work with finalized approvals. The listing also references rental comps averaging about $2.85/SF to contextualize the proposed residential use, though underwriting should be confirmed independently by prospective parties.
Key Highlights
- Fully approved, shovel‑ready 16‑unit multifamily development in North Miami with plans and zoning in place
- Proposed project totals 17,384 buildable SF across 16 units: 8 two‑bedroom/two‑bath, 6 three‑bedroom/two‑bath, and 2 four‑bedroom/three‑bath
- Public water available
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,936
Businesses Nearby
Explore this area
Business Placement
Demographics for 33161, FL
53,015
Population
18,912
Households
2.8
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
9,639
Density / Sq Mi
$55,265
Median Household Income
$34,311
Median Earnings
$1,494
Median Rent
$376,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land offering with fully approved plans for immediate vertical construction and a defined 16-unit residential mix.
Where is this residential land & home lot located?
The property is located at 550 NE 127th St North Miami, FL.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Fully approved, shovel‑ready 16‑unit multifamily development in North Miami with plans and zoning in place; Proposed project totals 17,384 buildable SF across 16 units: 8 two‑bedroom/two‑bath, 6 three‑bedroom/two‑bath, and 2 four‑bedroom/three‑bath; Public water available
