BAYVIEW ACRES
1231 NE 115th St, Miami FL 33161
$2,875,000
Est. Payment $15,302/mo
0
Days on Market
Description
An exceptional development opportunity is now available in one of Miami’s fastest-growing emerging neighborhoods — positioned to become the next major urban destination and future “Design District” style corridor. The property has already undergone a zoning change allowing for the development of approximately 75 residential units, significantly reducing entitlement risk and accelerating the development timeline for the right buyer. This is a strategic opportunity for developers seeking to secure land in an area experiencing rapid transformation, strong population growth, infrastructure expansion, and increasing investor activity. Investment Highlights Zoning approved for approximately 75 residential units Located in a rapidly evolving Miami growth corridor Strong long-term appreciation potential Ideal for multifamily, mixed-use, or boutique luxury development Multiple additional land assemblage opportunities available nearby Excellent opportunity to establish an early presence before major price escalation The surrounding area is attracting significant redevelopment interest and is widely considered one of the next high-growth urban pockets in Miami. For qualified developers and investors seeking additional scale, more land opportunities are also available in the same area. Please contact the listing agent directly for additional information, zoning details, pricing, and off-market assemblage opportunities.
Facts
- MLS#
- A12019688
- Subdivision
- BAYVIEW ACRES
- Property Type
- Commercial Land
- Property Sub Type
- —
- Year Built
- —
- Lot Size
- 1,858,356,720 ft²
- Sq. Ft.
- —
- Sq. Mt.
- —
- Price per sq. ft.
- —
- Price per sq. mt.
- —
- Stories
- —
- Garage
- —
- Pool
- —
- Days on Market
- —
- Listed
- May 15, 2026
- Last Updated
- May 15, 2026
- Price/Lot Sq.Ft.
- —
Comparable homes
Same ZIP, similar price + bedrooms.
SOLD$3,000,000
— bd · 0 ba · —
11801 W Dixie Hwy, Miami FL 33161
SOLD$2,750,000
— bd · 0 ba · —
1550 NE 147th St, Miami FL 33161
SOLD$2,680,000
— bd · 0 ba · —
1300 NE 110th St, Miami FL 33161
SOLD$3,140,000
— bd · 0 ba · —
125 NE 119th St, North Miami FL 33161
SOLD$2,600,000
— bd · 0 ba · —
11035 N Bayshore Dr, North Miami FL 33161
SOLD$2,600,000
— bd · 0 ba · 5,439 sqft
11801 W Dixie Hwy, Miami FL 33161

$2,550,000
— bd · 0 ba · —
Miami, FL 33161

$2,550,000
— bd · 0 ba · —
Miami, FL 33161
Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
29
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).
| 5/15/2026 | Listed for sale | $2,875,000 |
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.
Itech@Thomas A Edison Educational Center9,10,11,12 · public · 0.2 mi
Toussaint L'Ouverture ElementaryPK,KG,1,2,3,4,5 · public · 0.2 mi
World Mission Of Jesus Christ ChristianKG,1,2,3,4,5,6,7,8 · private · 0.4 mi
Miami Edison Senior High School9,10,11,12 · public · 0.5 mi
Edison Park K-8 CenterPK,KG,1,2,3,4,5,6,7,8 · public · 0.6 mi
Clara Muhammad School of South FloridaPK,KG,1,2,3,4,5 · private · 0.6 mi
Morningside K-8 AcademyPK,KG,1,2,3,4,5,6,7,8 · public · 0.7 mi
Shadowlawn Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.7 mi
B. Wright Leadership AcademyKG,1,2,3,4,5,6,7,8 · private · 0.7 mi
The Cushman SchoolPK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.8 mi
Estimated Monthly Payment
$17,848/mo
Principal & Interest
$15,302
Property Tax
$2,396
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 Miami around $2,875,000.

7222 SW 52nd Ct, Miami FL 33143

12311 SW 94th Ave, Miami FL 33176

320 SW 125th Ave, Miami FL 33184

3675 Loquat Ave, Miami FL 33133

725 NE 76th St, Miami FL 33138

9870 SW 96th St, Miami FL 33176
