UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Banyan Place Amd & Extens
MLS Listing ID A12015508
HOA Y/N No
Annual Tax Amount $70,421
Tax Year 2025
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 163x62
Property Description
The site is surrounded by premier luxury towers including Missoni Baia, Bay House Miami Residences, and Onyx on the Bay, reinforcing its high-end positioning and proven absorption.
Zoned T6-36a-L, the property allows by right up to 17.9 units and 141,024 SF of buildable area, with the ability to increase density by up to 40% in FAR and 100% in unit count through Public Benefit incentives—creating a highly efficient vacant site with significant upside.
Strategically located between the Miami Design District, Midtown, Wynwood, and Downtown, the site benefits from immediate access to Miami's primary economic and lifestyle drivers.
As of early 2026, Edgewater has experienced approximately 4%–7% year-over-year growth in residential sales price per square foot, driven by continued luxury development and strong buyer demand. This trend is expected to persist as the submarket approaches full build-out and developable land becomes increasingly scarce.
Location
State FL
County Miami-dade
Community Banyan Place Amd & Extens
Area 32
Zoning 4604
Exterior
Utilities Available None
Present Use Commercial,Unimproved
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 01-32-30-021-0030
Ownership Corporation
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12015508
Nearby Locations
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