CORAL BAY MANOR
Florida City, FL 33034
$3,000,000
Est. Payment $15,967/mo
3
Days on Market
Description
38-Unit Build-Ready Multifamily Development Opportunity in Florida City, FL. Rare investment opportunity featuring approved plans for a 38-unit rental community in one of South Florida’s fastest-growing markets. Strategically located in a high-demand rental area with strong population growth, expanding job market, and excellent access to major highways and the Florida Keys.This shovel-ready development site offers investors and developers the opportunity to capitalize on long-term cash flow and appreciation potential. Projected stabilized financials show approximately $1.4M in gross rental income with projected NOI exceeding $900K annually.Property highlights include approved multifamily zoning, efficient site layout, modern community design, ample parking, and strong rental absorption potential. Ideal for multifamily investors, builders, and developers seeking a high-growth South Florida asset.
Facts
- MLS#
- A12019296
- Subdivision
- CORAL BAY MANOR
- Property Type
- Commercial Land
- Property Sub Type
- Multi Family
- Year Built
- —
- Lot Size
- 78,408 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- 3 days
- Listed
- May 14, 2026
- Last Updated
- May 18, 2026
- Price/Lot Sq.Ft.
- $38/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
$2,950,000
— bd · 0 ba · —
32800 SW 202nd Ave, Homestead FL 33034
$2,950,000
— bd · 0 ba · —
32800 SW 202nd Ave, Homestead FL 33034
$2,950,000
— bd · 0 ba · —
32800 SW 202nd Ave, Homestead FL 33034
$2,950,000
— bd · 0 ba · —
32800 SW 202nd Ave, Homestead FL 33034
SOLD$3,100,000
— bd · 0 ba · —
935 N Krome Ave, Florida City FL 33034
SOLD$2,900,000
— bd · 0 ba · —
Florida City, FL 33034
$3,150,000
— bd · 0 ba · 1,527 sqft
Florida City, FL 33034
$2,850,000
— bd · 0 ba · —
421 NW 12th St, Florida City FL 33034
Market insights for Florida City
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
42
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).
| 5/14/2026 | Listed for sale | $3,000,000 |
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.
Gateway High School9,10,11,12 · public · 0.4 mi
- Gateway Elementary School
PK,KG,1,2,3,4,5 · public · 1.4 mi
- Crosspointe Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.5 mi
- Crosspointe Academy Inc.
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.5 mi
- Varsity Lakes Middle School
6,7,8 · public · 2.0 mi
- Lehigh Senior High School
9,10,11,12 · public · 2.2 mi
- Tortuga Preserve Elementary School
PK,KG,1,2,3,4,5 · public · 2.7 mi
- Gateway Charter High School
9,10,11,12 · charter · 2.8 mi
- Gateway Charter Intermediate School
5,6,7,8 · charter · 2.8 mi
- Treeline Elementary School
PK,KG,1,2,3,4,5 · public · 2.9 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Estimated Monthly Payment
$18,617/mo
Principal & Interest
$15,967
Property Tax
$2,500
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
Similar listings nearby
More homes in Florida City around $3,000,000.
