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$4,800,000was $4,900,000

2300 S Miami Ave

4 bd · 4 ba · 3,539 sq ft

Asking price cut 2% on June 5, from $4,900,000.

182 days on marketSingle Family Residence

Listing courtesy of Smith Commercial Real Estate Group, LLC. 305-359-6119

From the MLS

Bedrooms
4
Bathrooms
4
Living area
3,539 sq ft
Asking per square foot
$1,356
Year built
1947
ZIP code
33129
MLS number
A12003089

What the listing says

Rare redevelopment opportunity in one of Miami’s most desirable urban corridors, just minutes from Coconut Grove, Coral Gables, and Brickell. Situated on an oversized lot, 2300 S Miami Ave offers strong potential for the development of two luxury residences, with the possibility of 2- to 3-story homes, subject to municipal approval. The existing one-story Old Spanish-style residence features 4 bedrooms, 3 full baths, 1 half bath, and 4,156 SF of actual area, including spacious in-law quarters with a private bathroom. While the home offers character and architectural charm for a buyer looking to renovate, the true value lies in the land and future redevelopment potential. A rare opportunity for a luxury home developer or end-user to secure a large lot in a prime location with the potential to create two high-end residences in one of Miami’s most sought-after areas.

Description supplied by Smith Commercial Real Estate Group, LLC.

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

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