2
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$11,500,000
Est. payment /mo
1 Acres Lot
New
11575 NW 7th Ave Miami, FL 33168
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Parkwood Terrace
MLS Listing ID A11894110
HOA Y/N No
Annual Tax Amount $47,202
Tax Year 2024
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 200x200
Property Description
Centrally located 54,090 sqf in an “Opportunity Zone”. Under zoning the site supports a maximum density of 110 residential units. This property would qualify for the live local ordinance that would push density to 220 or more residential units. Visible from I-95 and 441 and minutes from Barry University and schools. Located in the Federally designated Opportunity Zone provides significant tax advantages to investors. If the property is developed and held for a minimum period of 10 years, the capital gains from future sale may be entirely tax exempt. If funds from another gain are put into the “opportunity zone fund” the capital gain can be deferred for 5 years with a 10% reduction in Year 5. Please consult with your local authority.
Location
State FL
County Miami-dade
Community Parkwood Terrace
Area 21
Exterior
Utilities Available Sewer Available, Water Available
Present Use Other
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Others
Tax ID 30-21-36-032-0050
Listed by Ocean Palm Realty, Inc.
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