1515-1543 River Dr Miami, FL 33125
- Land
Current Use by Public Records
- Land
Property Details for 1515-1543 River Dr
- Property type
- Land
Description
This exceptional Miami, Florida development opportunity encompasses three contiguous lots totaling 77,101 square feet (1.77 acres) along the Miami River. The property, located at 1515-1543 NW S River Dr, Miami, FL 33125 (APN: 01-3035-016-0070, 01-3135-016-0060, 01-3135-016-0040), boasts site plan approval for the construction of 40 luxury townhomes. The T4-R zoning allows for this high-density residential development. Included are 14 existing 50-foot boat slips, enhancing the waterfront lifestyle appeal. The site's prime location offers convenient access to Miami River Landing, JMH-UM Medical & Employment hub, Miami International Airport, and the future Miami Freedom Park Stadium (2026 FIFA World Cup host). This presents a unique opportunity to capitalize on Miami's thriving real estate market and create a premier luxury townhome community. The asking price is $23,750,000. Projected total project costs, including land acquisition and construction, are estimated at $54,179,447, with an estimated sellout of $77,600,000, resulting in an estimated profit of $23,420,553. This development promises an unparalleled return on investment in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2208
- Latitude
- 25.7838
