Opportunity for Developers in Shenandoah: Strategic Lot with Miami 21 Zoning
2345 SW 19th St, Miami, FL, 33145, US
Multi FamilyStatus: active
$875,000
Estimated annual taxes: $12,033
8 Bedrooms
4 Bathrooms
4,982 ft² · 463 m²
— Garages
About this property
This is one of those rare investment gems in Shenandoah South where historic charm meets the future luxury development of Miami. Sold primarily for its land value, this 6,600 square foot property offers unlimited potential under the Miami 21 code. With two existing structures and an unbeatable location near Brickell and Coconut Grove, it represents a tactical opportunity for investors looking to build high-end residences or a multifamily complex in a market that has seen a surge in square footage value. It is the perfect time to secure an asset in a neighborhood that is rapidly transforming into one of the most exclusive in the city.
Technical details & MLS (USA)
Year built: 1923
Stories: 2
Lot size: 6,600 acres
Zoning: 0100
MLS area: 10
Special notes: SUBDIVISION PALM GROVE
Environment
Nearby schools
- ElementaryShenandoah
- MiddleShenandoah
- High SchoolMiami Senior
Location on Google Maps
Open in MapsDetails & Features
Financial information
Annual taxes:$12,033
Additional features
-Multifunctional investment opportunity in the heart of Shenandoah South, an area with high demand and constant appreciation. -Current configuration: Includes two separate structures. A two-story main house and a rear structure with two apartment units. -Electrical infrastructure: Equipped with two electric meters already installed, facilitating the management of multiple units. -Architectural style: Original Spanish Mediterranean style from 1923 with details such as a fireplace. -Strategic location: Minutes from Florida's most prestigious centers such as Coconut Grove, Coral Gables, Brickell, and Miami International Airport (MIA). -Original construction: Wood frame structure with stucco finish. -Ideal canvas for developers: Perfect for capitalizing on the Miami 21 zoning code and the city's vision for urban densification. -Market growth: Located in an area where residential land prices have recently increased by 125% per square foot. -Appreciation guarantee: The location ensures long-term liquidity due to the neighborhood's evolution towards multimillion-dollar properties. -Utilities available: Connection to public sewer, public water, and electric heating/air conditioning. -Conveniently located master bedroom on the ground floor (Master Downstairs) in the current configuration. -Detached property with a 6,600 square foot lot.