Shovel-Ready Multifamily Development
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
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
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# A11963878
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 shovel-ready development site is offered with fully approved plans and zoning in place for a 16-unit multifamily project. The approved configuration totals 17,384 buildable square feet across unit types including eight 2-bedroom/1-bath homes, six 3-bedroom/2-bath homes, and two 4-bedroom/3-bath homes. The offering includes the land and the approved plan set, positioning the site for immediate vertical construction upon closing.
Located in North Miami, Florida at 550 NE 127th St (Miami-Dade County, 33161), the property is presented as a reduced-entitlement-risk opportunity, with approvals complete per the public remarks. The listing describes the project as ready to move forward straight to construction.
For builders, investors, and family-office operators, the appeal here is the combination of a defined residential unit mix and an approval package already in place. The seller’s materials also reference rental comps averaging approximately $2.85/SF; prospective buyers should treat that statement as the seller-provided context while performing their own underwriting. If you are looking for a multifamily development site with a clear, approved plan pathway, this offering is structured to support that objective.
Located in North Miami, Florida at 550 NE 127th St (Miami-Dade County, 33161), the property is presented as a reduced-entitlement-risk opportunity, with approvals complete per the public remarks. The listing describes the project as ready to move forward straight to construction.
For builders, investors, and family-office operators, the appeal here is the combination of a defined residential unit mix and an approval package already in place. The seller’s materials also reference rental comps averaging approximately $2.85/SF; prospective buyers should treat that statement as the seller-provided context while performing their own underwriting. If you are looking for a multifamily development site with a clear, approved plan pathway, this offering is structured to support that objective.
Key Highlights
- Shovel‑ready 16‑unit multifamily development in North Miami with fully approved plans and zoning in place
- Proposed buildout totals 17,384 SF across 16 units
- Unit mix: 8 two‑bedroom/one‑bath, 6 three‑bedroom/two‑bath, and 2 four‑bedroom/three‑bath units
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 a 16-unit multifamily build in North Miami.
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: Shovel‑ready 16‑unit multifamily development in North Miami with fully approved plans and zoning in place; Proposed buildout totals 17,384 SF across 16 units; Unit mix: 8 two‑bedroom/one‑bath, 6 three‑bedroom/two‑bath, and 2 four‑bedroom/three‑bath units
