
Sold Jul 21, 2026
$2,387,500One or more photo(s) has been virtually staged, AI generated or rendered. Prime Development Opportunity of a double lot that is in process of being subdivided, in Palmetto Bay. Sprawling 54,450 SQ FT lot offering unparalleled versatility in Miami's premier suburban sanctuary. Build the ultimate luxury estate of your dreams with endless space for a private pool, tennis courts, a soccer field, and a tropical oasis. Alternatively, leverage the massive acreage with the potential to divide the land into 2 separate folios for a high-yield development project. Nestled in a highly sought-after neighborhood famed for its peaceful vibe, low-density streets, and top-rated A+ public and private schools. Enjoy close proximity to historic Old Cutler Road, pristine parks, and Biscayne Bay. Don't miss this blank canvas to create a custom masterpiece or maximize your investment return. Location, space, and endless potential! READY PLANS TO BE SUBMITTED FOR CITY APPROVAL Rare opportunity to acquire a residential property with an existing subdivision application and development plans. The property is being offered with the potential to create two residential lots, subject to applicable County approvals, requirements and final recording. Buyer to independently verify all subdivision, zoning, permitting and development requirements RENDERS SHOW THE TWO HOUSES THAT CAN BE BUILT IN THIS AMAZING CANVAS
Listing last checked: Listing updated:
Listed by Alicia Belaunde · Group 3 Realty · MLS #226035282
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Explore costs at the $2,360,000 asking price. Adjust the assumptions to your situation.
Listing annual taxes: $24,271. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Sold Jul 21, 2026
$2,387,500
Sold Sep 22, 2026
$2,495,000Continue your search in Palmetto.
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