STRATEGIC OPPORTUNITY IN SOUTH MIAMI: LOT FOR DEVELOPMENT IN MANGO TERRACE
6834 SW 78th Ter, South Miami, FL, South Miami, FL, 33143, US
Single FamilyStatus: active
$1,049,000
Estimated annual taxes: $8,980
No Img
No Img
No Img
No Img
3 Bedrooms
2 Bathrooms
898 ft² · 83 m²
— Garages
About this property
An exceptional opportunity in the heart of South Miami. This land in the sought-after subdivision of West Larkin Park (Mango Terrace) represents the perfect canvas for a residential development project. Whether you choose to undertake a deep structural renovation or capitalize on the land value to build a modern mansion, the location ensures a solid investment. Being in one of the most developed and desirable areas of South Florida, close to the University of Miami and the best school districts, guarantees that this property will not stay on the market for long.
Technical details & MLS (USA)
Year built: 1950
Stories: 1
Lot size: 7,812 ft²
Zoning: Single Family Residential (Mango Terrace / West Larkin Park)
MLS area: 40
Special notes: WEST LARKIN PARK
Environment
Nearby schools
- ElementaryLudlam
- MiddleSouth Miami
- High SchoolSouth Miami
Location on Google Maps
Open in MapsDetails & Features
Financial information
Annual taxes:$8,980
Additional features
-Prime Development Potential: Located in one of the fastest appreciating areas of South Miami, this 7,812 square foot lot is ideal for builders, investors, or end-users looking to build a custom residence. -Prime Location: Just minutes from Coral Gables, the University of Miami (UM), top-tier medical centers, exclusive boutiques, and renowned restaurants. -Growth Environment: The property is situated in an area of intense redevelopment, where surrounding property values support investment in new high-end housing. -Ideal Lot Dimensions: With 62.5 feet of frontage by 125 feet of depth and a mature landscape, it offers architectural flexibility for a modern two-story project or an expansive single-family home. -Infrastructure: Connection to public water and current septic tank system. -Access and Connectivity: Immediate proximity to major transportation routes, facilitating travel to downtown Miami and other key areas of the county. -Equipment: Dryer, electric stove, electric water heater, refrigerator, and washer. -Climate Control: Wall/window air conditioning units and wall heating (Wall Furnace). -Construction: Concrete block. -Views: Quiet residential environment with mature vegetation.