300 Malaga Ave Coral Gables, FL 33134

This exceptional redevelopment opportunity in Coral Gables, Florida, presents a unique chance to capitalize on a prime 24,000 square foot lot. The property consists of three existing single-family homes on Malaga Avenue, currently 100% occupied, providing immediate rental income during the entitlement process. The site is zoned MF-2, allowing for the development of up to 10-11 tri-level row houses, maximizing the potential for a luxury development in a highly desirable South Florida location. The existing buildings offer a significant advantage, generating income while plans are finalized. The property's location within Coral Gables offers unparalleled access to amenities and a prestigious address. The potential for upzoning to MX-1, mirroring a large-scale development across the street, further enhances the investment potential. The assemblage includes three parcels with APNs: 0341170058240, 0341170058250, and 0341170058270, held under fee simple ownership. The property is situated at 300 Malaga Ave, Coral Gables, FL 33134, in Miami-Dade County. Built in 2027, the property offers a unique blend of immediate income and long-term development potential. This is a rare opportunity to create a high-end residential project in one of South Florida's most sought-after neighborhoods.