CITY OF MIAMI SOUTH
244 NW 7th Ave, Miami FL 33128
$4,700,000
Est. Payment $25,015/mo
79
Days on Market
Description
LUMINA HOUSE DEVELOPMENT SITE – NOW AVAILABLE Prime development opportunity in Miami’s rapidly evolving West River District. This shovel-ready site is fully approved for approximately 102,226 square feet, allowing for an 8-story development with up to 60 residential units, or the option for elderly housing combined with Live Local incentives for up to 85 units. Ideally positioned just one block from the Miami River and steps from Bagatelle, this location offers unmatched proximity to Brickell and Downtown Miami—placing future residents at the center of the city’s most vibrant lifestyle and business hubs. The surrounding area is undergoing significant transformation, making this an exceptional opportunity for investors and developers to capitalize on Miami’s continued growth. Now is the time to secure a foothold in one of the city’s most promising emerging neighborhoods. See attachment for renderings and more information
Facts
- MLS#
- A11986239
- Subdivision
- CITY OF MIAMI SOUTH
- Property Type
- Commercial Land
- Property Sub Type
- Residential
- Year Built
- —
- Lot Size
- 15,246 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 79 days
- Listed
- Mar 19, 2026
- Last Updated
- Mar 20, 2026
- Price/Lot Sq.Ft.
- $308/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
June 2026
51
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).
| 3/19/2026 | Listed for sale | $4,700,000 |
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.
Ransom Everglades School6,7,8 · private · 0.3 mi
Ransom Everglades School6,7,8,9,10,11,12 · private · 0.3 mi
Coconut Grove Montessori SchoolKG,1 · private · 0.5 mi
Coconut Grove Montessori School - Main CampusPK,KG,1,2,3,4,5 · private · 0.5 mi
Carrollton School of the Sacred HeartPK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.5 mi
Vanguard School Of Coconut Grove FlUG · private · 0.5 mi
Coconut Grove Montessori SchoolPK,KG · private · 0.5 mi
Silver Bluff Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.7 mi
McA Academy2,3,4,5,6,7,8,9,10,11,12 · private · 0.8 mi
La Piazza AcademyPK,KG,1,2,3,4,5 · private · 0.8 mi
Estimated Monthly Payment
$29,082/mo
Principal & Interest
$25,015
Property Tax
$3,917
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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