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    5220 Biscayne Blvd Miami, FL 33137

    Sponsored
    For Sale
    $18,900,000

    Prime Miami location, high-density potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 18.9 million dollar development opportunity is located at 5220 Biscayne Boulevard in Miami, Florida, zip code 33137. The property, classified as Special Purpose, presents a unique chance for developers to capitalize on the Florida Live Local Act. This prime location offers stunning views and unparalleled access to thriving neighborhoods including Wynwood, Midtown, the Design District, and Bay Point. The site boasts impressive development parameters: a maximum density of 1,000 units per acre, or a total buildable square footage of 1,937,952. Further, the property allows for a Floor Area Ratio (FAR) of 36 and a maximum permitted height of 24 stories. This translates to a potential cost of approximately $9,950 per unit, making this a highly attractive investment. The property consists of two folios: 01-3219-001-0050 and 01-3219-021-0010. This is a rare chance to acquire a large parcel of land in a rapidly developing area of Miami with significant upside potential. Don't miss this opportunity to build a landmark project in one of Miami's most desirable locations.

    Property Features for 5220 Biscayne Blvd

    General Information

    Property type
    Specialty properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Gerard Romain, ... Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1872999
    Latitude
    25.824247

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    FAQs

    What type of property is this?
    Specialty property - Prime Miami location, high-density potential.
    Where is this specialty property located?
    The property is located at 5220 Biscayne Blvd Miami, FL.
    What is the asking price?
    The asking price for this property is $18,900,000.
    Request Owner's contact information
    5220 Biscayne Blvd Miami, FL 33137
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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
    5220 Biscayne Blvd Miami, FL 33137
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