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12110 NE 11th Pl, North Miami FL 33161

House For Sale
$629,989

BTC: 10.04767145

ETH: 395.05421116

New
2 bds
1 ba
849 sqft

Overview

ATTENTION INVESTORS & DEVELOPERS — RARE R5 OPPORTUNITY This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3–7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request. This is a R-5 and conditional for 7 units. Seller will not review low ball offers. Thank you!! An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment—a major win in today’s lending environment. Opportunities like this do not last. R5 lots with documented density potential are extremely limited. VALUE-ADD & EXPANSION POTENTIAL • Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units. • Proven development success across the street, where an investor has completed 18 units, validating density and market demand. • Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance. This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market.

Location

Details

Type:
Residential
Parking:
Driveway
Year Built:
1950
Lot:
7800 Square Feet
Heating:
Central / Electric
Price/sqft:
$742
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$408,995
$209K – $544K
Confidence Low
List vs. estimate
$220K above estimate
List $629,989 · +54.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$742
+50.9% vs. city median $491
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $640K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,552
2026
View
None
All facts and features
  • Flooring

    • Wood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Disposal

    • Dryer

    • Electric Range

    • Microwave

    • Refrigerator

    Other interior features

    • First Floor Entry

    • No Additional Rooms

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 1

  • Parking

    • Driveway

    Lot

    • Lot: 7800 Square Feet

    Other Property Information

    • Parcel Number: 06-22-29-031-0630

    • Zoning: 3700

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $8,552

  • Source details

    • MLS ID: A12049898

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Patio And Porch Features: Deck

    • Direction Faces: South

    • Architectural Style: Detached / One Story

    • Living Area: 849

    • Water Source: Municipal Water

    • Subdivision Name: PALOMAR SUB

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

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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: American Real Estate & Mortgage LLC