BANYAN PLACE AMD & EXTENS
702-708 NE 26th St, Miami FL 33137
$5,900,000
Est. Payment $31,402/mo
16
Days on Market
Description
Located in a prime Edgewater area, next to Biscayne Bay, offering a unique opportunity to redevelop this property. Two vacant lots with an area of 10,000 SF. Properties may also be acquired as part of a larger assemblage totaling approximately 30,000 SF, offering expanded development potential.Conveniently zoned T6-36a-L, by right, up to 34 units or 68 condo hotel units can be built, and up to 120,000 SF, plus an additional 40% more with Public Benefit. Properties are surrounded by several luxury buildings, totaling over 6,000 units. Just one building from the bay and next to Biscayne Boulevard, and just few minutes from Midtown, Wynwood, Design District, A&E District, Downtown and Brickell, these properties are at the center of the best that Miami has to offer.
Facts
- MLS#
- A11988403
- Subdivision
- BANYAN PLACE AMD & EXTENS
- Property Type
- Commercial Land
- Property Sub Type
- —
- Year Built
- —
- Lot Size
- 9,975 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 16 days
- Listed
- Mar 8, 2026
- Last Updated
- Mar 24, 2026
- Price/Lot Sq.Ft.
- $591/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
36
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).
| 3/8/2026 | Listed for sale | $5,900,000 |
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.
St Thomas The Apostle Catholic SchoolPK,KG,1,2,3,4,5,6,7,8 · private · 0.1 mi
La ScuolaPK,KG,1,2,3,4,5,6,7,8 · private · 0.1 mi
Somerset Academy Pompano Middle (6-8)6,7,8 · charter · 0.5 mi
Somerset Academy LakesKG,1,2,3,4,5 · charter · 0.5 mi
Somerset Academy Key Charter High School9,10,11,12 · charter · 0.5 mi
PINECREST ACADEMY AVALONKG,1,2,3,4,5 · charter · 0.5 mi
Somerset Academy Elementary South CampusKG,1,2,3,4,5 · charter · 0.5 mi
INTERNATIONAL STUDIES ACADEMY HIGH SCHOOL-55559,10,11,12 · charter · 0.5 mi
INTERNATIONAL STUDIES ACADEMY MIDDLE SCHOOL-55566,7,8 · charter · 0.5 mi
Somerset Parkland AcademyKG,1,2,3,4,5,6,7,8 · charter · 0.5 mi
Estimated Monthly Payment
$36,469/mo
Principal & Interest
$31,402
Property Tax
$4,917
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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