CITY OF MIAMI SOUTH
566 NW 1st St, Miami FL 33128
$1,795,000
Est. Payment $9,554/mo
1
Days on Market
Description
PRESENTING AN ADVANCED LUXURY DEVELOPMENT OPPORTUNITY CAPITALIZING ON MIAMI’S RESURGENT RIVER DISTRICT AND UNDERPINNED BY PREMIUM T6-8-O ZONING. In the final stretch toward permit-ready approvals, this 12-unit, 7-story boutique condo project, Pandora River offers an architecturally unique infill alternative for developers recognizing the rapid appreciation of the dynamic Miami River District. Offering executional clarity and a defined approval trajectory, bypass the most time-intensive stages and move rapidly toward groundbreaking. Leveraging its strategic position just off West Flagler Street — a primary east-west corridor linking East Little Havana to Downtown Miami — and the underlying T6-8-O high-density zoning profile, the site benefits from immediate connectivity to Brickell, the Miami Riverwalk, major employment nodes, and I-95 exposure exceeding 165,000 vehicles daily. Positioned within a neighborhood experiencing sustained residential and mixed-use reinvestment, Pandora River is designed to introduce modern, efficiently scaled housing into a supply-constrained urban waterfront corridor while capitalizing on both vertical density and long-term district momentum.
Facts
- MLS#
- A11980459
- Subdivision
- CITY OF MIAMI SOUTH
- Property Type
- Commercial Land
- Property Sub Type
- —
- Year Built
- —
- Lot Size
- 4,792 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 1 day
- Listed
- Mar 10, 2026
- Last Updated
- Mar 11, 2026
- Price/Lot Sq.Ft.
- $375/ft²
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Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
52
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 3/10/2026 | Listed for sale | $1,795,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Orchard View Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.9 mi
Elev/8 Prep Academy9,10,11,12 · private · 1.4 mi
Children's House MontessoriPK,KG · private · 1.8 mi
Children's Learning CenterPK,KG · private · 1.8 mi
Pine Grove Elementary SchoolPK,KG,1,2,3,4,5 · public · 1.9 mi
Score Academy3,4,6,7,8,9,10,11,12 · private · 1.9 mi
Bar & Ferg's AcademyPK,KG,1,2,3 · private · 1.9 mi
Village Academy On The Art & Sara Jo Kobacker CampusPK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 2.1 mi
Delray Full Service Adult EducationUG · public · 2.2 mi
St. Mary's Anglican Christian Academy4,5,6,7,8 · private · 2.2 mi
Estimated Monthly Payment
$11,200/mo
Principal & Interest
$9,554
Property Tax
$1,496
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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