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$ 1,565,000
Est. payment /mo
Price Dropped by $30K
531 NE 77 Miami, FL 33138
6,847 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Federal Way Amd
MLS Listing ID A11965096
HOA Y/N No
Annual Tax Amount $3,646
Tax Year 2023
Lot Size 6,847 Sqft
Acres 0.1572
Property Sub-Type Residential
Property Description
Prime Ocean-Access Waterfront Lot | Developer Special
High-upside waterfront parcel in Miami's accelerating Upper Eastside / Little River corridor. Featuring 50+ feet of frontage on a navigable waterway, this site offers direct access to the Intracoastal and open bay with just one high-clearance bridge. Located in an active redevelopment pocket, it combines lifestyle appeal with massive resale and rental demand. Owner financing available.
Zoning & Development Versatility:
Zoned T3-L (Single-Family + ADU), the property unlocks multiple lucrative strategies:
A luxury custom waterfront spec home or grand estate.
A main residence plus a guest house for dual income or multi-generational living.
A multi-unit configuration capitalizing on the grandfathered duplex footprint (currently used as three units).
Added Value: Transferred rights to a previous ~3,000 sq. ft. home design can slash municipal building fees.
The site features a unique cut-in boat slip with a coral rock boat house. Situated minutes from Miami IronSide, the MiMo District, and the Design District, this high-growth submarket faces a dwindling supply of available land.
High-upside waterfront parcel in Miami's accelerating Upper Eastside / Little River corridor. Featuring 50+ feet of frontage on a navigable waterway, this site offers direct access to the Intracoastal and open bay with just one high-clearance bridge. Located in an active redevelopment pocket, it combines lifestyle appeal with massive resale and rental demand. Owner financing available.
Zoning & Development Versatility:
Zoned T3-L (Single-Family + ADU), the property unlocks multiple lucrative strategies:
A luxury custom waterfront spec home or grand estate.
A main residence plus a guest house for dual income or multi-generational living.
A multi-unit configuration capitalizing on the grandfathered duplex footprint (currently used as three units).
Added Value: Transferred rights to a previous ~3,000 sq. ft. home design can slash municipal building fees.
The site features a unique cut-in boat slip with a coral rock boat house. Situated minutes from Miami IronSide, the MiMo District, and the Design District, this high-growth submarket faces a dwindling supply of available land.
Location
State FL
County Miami-dade
Community Federal Way Amd
Area 32
Exterior
Waterfront Description Fixed Bridge,Ocean Access,River Front,Seawall
View River
Street Surface Paved
Private Pool Yes
Building
Lot Description < 1/4 Acre
Faces North
Others
Tax ID 01-32-07-040-0260
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11965096
Listed by Keller Williams Eagle Realty