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1515-1529 1543 NW South River Dr - Miami River Cove
1.77 Acres of Residential Land Offered at £18,925,662 in Miami, FL 33125
Investment Highlights
- Close to some of the hottest riverfront dining and entertainment
- 3 blocks from Miami International Airport
- Close to some of the hottest riverfront dining and entertainment
- Approved site plan with 40 living units and 3 floors
- Approved site plan along Miami River directly across the new River Landing project
- Opportunity to redevelop and upzone
Executive Summary
3 floors
Living Units: 40
Year Built: Proposed 2025
14(50') Docks along the Miami River
Alternatively, tremendous value could be created by a simple
up-zone from T4-R to T4-L.The up-zone in conjunction with
The Live Local strategy would allow for approximately 1800
units. This rare site is also not encumbered by the working
waterfront restriction prohibiting residential on the river.
Property Facts
| Price | £18,925,662 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Development Sale | Total Lot Size | 1.77 AC |
| No. Lots | 1 |
| Price | £18,925,662 |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.77 AC |
1 Lot Available
Lot
| Price | £18,925,662 | Lot Size | 1.77 AC |
| Price Per AC | £10,692,495 |
| Price | £18,925,662 |
| Price Per AC | £10,692,495 |
| Lot Size | 1.77 AC |
1543 NW S River Dr | 1529 NW S River Dr| 1515 NW S River Dr | Miami FL 33125. Lot size 1.77 acres, adjusted gross area 22,960 SF, zoning T4-R with +/- 296 linear feet on the river
Description
REMAX 360 is pleased to present the opportunity of "Miami River Cove". The property consists of three contiguous lots Approximately 1.77 Acres located directly on the Miami River. The site is currently "site plan" approved for 40 luxury townhomes with 14 fifty-foot existing boat slips. The investment consists of a redevelopment project for a point of difference in a new modern luxury townhome development with fifty-foot docks on the Miami River. The Miami River is currently booming with mega-developments. The property is directly across the Miami “River Landing” minutes from the JMH-UM Medical & Employment hub, Miami International Airport, and the Miami Freedom Park Stadium which will host the 2026 FIFA World Cup.
zoning
| Zoning Code | T4-R (LIVE LOCAL PROJECT 115 Units on (3) Floors or "By Right" Redevelopment Potential Floors: 3 Living Units: 40 Year Built: Proposed 2025) |
| T4-R (LIVE LOCAL PROJECT 115 Units on (3) Floors or "By Right" Redevelopment Potential Floors: 3 Living Units: 40 Year Built: Proposed 2025) |
Presented by
Company Not Provided
1515-1529 1543 NW South River Dr - Miami River Cove
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