RAILWAY SHOPS ADDN 2ND AM
5001 NW 1st Ave, Miami FL 33127
$1,200,000
Est. Payment $6,387/mo
0
Days on Market
Description
Exceptional opportunity to own one of the largest single-parcel lots near the Miami Design District. Zoned for a single-family residence with an ancillary unit, this fenced corner lot features an existing pool and offers exceptional potential for investors, developers, or end users looking to build a custom home in one of Miami’s most sought-after neighborhoods. The expansive lot size provides ample space for a substantial residence with generous outdoor living areas while still preserving privacy and flexibility in design. Ideally located near the Design District, Midtown, Wynwood, and major roadways, this is a rare opportunity to secure a premier lot in one of Miami’s most desirable locations. Buyer to verify zoning, land use, building restrictions, and development potential with the appropriate municipal authorities.
Facts
- MLS#
- A12015572
- Subdivision
- RAILWAY SHOPS ADDN 2ND AM
- Property Type
- Land/Boat Docks
- Property Sub Type
- Residential
- Year Built
- —
- Lot Size
- 8,712 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- —
- Listed
- May 8, 2026
- Last Updated
- May 8, 2026
- Price/Lot Sq.Ft.
- $138/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
55
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).
| 5/8/2026 | Listed for sale | $1,200,000 |
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.
Montessori Ivy LeagueKG · private · 0.7 mi
Montessori Ivy League SchoolPK,KG · private · 0.8 mi
Lakeside Elementary SchoolPK,KG,1,2,3,4,5 · public · 1.0 mi
Coconut Palm Elementary SchoolPK,KG,1,2,3,4,5 · public · 1.0 mi
Walter C. Young Middle School6,7,8 · public · 1.0 mi
Palm Cove Elementary SchoolPK,KG,1,2,3,4,5 · public · 1.4 mi
Charles W Flanagan High School9,10,11,12 · public · 1.4 mi
Silver Palms Elementary SchoolPK,KG,1,2,3,4,5 · public · 2.0 mi
City Of Pembroke Pines Charter SchoolKG,1,2,3,4,5 · charter · 2.1 mi
Pembroke Lakes Elementary SchoolPK,KG,1,2,3,4,5 · public · 2.2 mi
Estimated Monthly Payment
$7,537/mo
Principal & Interest
$6,387
Property Tax
$1,000
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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