BAYVIEW ACRES

1231 NE 115th St, Miami FL 33161

For Sale · Active Listing

$2,875,000

Est. Payment $15,302/mo

MLS Sheet Video

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.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

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).

5/15/2026Listed 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

1231 NE 115th St, Miami FL 33161Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$17,848/mo

Principal & Interest

$15,302

Property Tax

$2,396

Insurance

$150

HOA

$0

20% ($575,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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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.

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Updated within 24 hours

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