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2390 NW 62nd St, Miami FL 33147

Lots/Land For Sale
$2,000,000

BTC: 31.15769047

ETH: 1,134.46855820

-$500K (2026/04/13)
94 days
0 room(s)

Overview

Prime Approved Development Opportunity – Mixed-Use Site Rare chance to acquire a fully site plan-approved development with 105 residential units, 37 parking spaces, and 3 commercial/retail units. Spanning 30,209 sq. ft. across 5 folios with a 50,848 sq. ft. gross building area, this project benefits from a 70% parking reduction, lowering construction costs. The unit mix includes 12 studios, 69 one-bedrooms, and 24 two-bedrooms. Situated in Model City, just minutes from Wynwood, the Design District, Downtown, and the Health District, and under a mile from Liberty Square’s major redevelopment. Located in an Opportunity Zone, offering potential access to affordable housing programs and tax incentives. An exceptional investment opportunity!

Location

Florida • Miami • 33147 • Lots/Land • For Sale

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.72 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$5,800,000
$171K – $15.7M
Confidence Low
List vs. estimate
$3.8M below estimate
List $2,000,000 · -65.5%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
7 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $372K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,431
2025
All facts and features

  • Lot

    • Lot: 0.72 Acres

    Other Property Information

    • Parcel Number: 30-31-15-032-0050

    • Zoning: 6062

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Residential

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,431

  • Source details

    • MLS ID: A11986571

    Other facts

    • Lot Features: City Location / Corner Location / Other Soil Type / 3/4 To Less Than 1 Acre Lot / Other

    • Direction Faces: North

    • Other Structures: None

    • Water Source: Municipal Water

    • Subdivision Name: FRANCES PK

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33147
184
median $597K
Active
Same city
Miami
12,367
median $640K
Active
Same type
Lots/Land
349
median $750K
Active
Similar price
$1.4M – $2.6M
1,272
median $1.8M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coldwell Banker Realty