5885 SW 56th Street, Miami, FL 33155 (MLS# A12068717)

5885 SW 56th Street, Miami, FL 33155

$15,000,000

Virtual Tour

https://sites.sfvt.us/sites/rmolqpnp/unbranded

Property Type: Land & Docks Lot Size (sq. ft.): 214,315 Status: Active

Current Price: $15,000,000 List Date: 8/12/2026 Last Modified: 9/16/2026

Overview

Description

A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral GablesWelcome to 5885 Miller Rd—a once-in-a-generation real estate offering in the heart of Miami. Situated just blocks from the prestigious limits of Coral Gables, this sweeping 5-acre parcel is one of the last remaining tracts of its size available in the urban core.Boasting an exceptional location surrounded by gorgeous, high-end homes, this property presents an unprecedented canvas for investors and developers. The land’s highest and best use offers immediate value: it can be subdivided right now into five premium 1-acre lots by right. For the forward-thinking developer, the property holds incredible potential for future rezoning and higher-density subdivision through the county system.Currently gracing the grounds is a beautiful, classic estate that offers timeless elegance and immediate utility while development plans are finalized.Property Highlights:The Canvas: 5 sprawling acres of pristine, level land.Developme ... (Read more)

Listing Details MLS# A12068717

General Property Information

Property Sub Type: Unimproved Land
Number Of Lots: Yes
Lot Size Acres: 5
Lot Size Square Feet: 214315
Lot Size Dimensions: 214315
Direction Faces: South
LP/SqFt: 69.99

Property Features

Current Use: Check Land Use Plan; Residential; Single Family; Other Development Status: Recorded Plat; Other Fencing: Fenced Irrigation Source: Surface Water Land Fill: Fill Unknown Location of Property: Corner Unit; Near School Other Structures: Other Possession: Negotiable Possible Use: Residential Soil Type: Dirt Trees: Avocado; Mango; Other Utilities: Cable Available; Electricity Available; Phone Available; Sewer Available; Water Available; Irrigation Water Onsite; Other; Trash Removal Listing Terms: Cash Road Surface Type: Paved Tax Information: Homestead Exemption Water Source: Public Showing Requirements: Showing Service Acreage Description: 4 To Less Than 5 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 15000000
LP/Acre: 3000000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 5885
Street Direction Prefix: SW
Street Name: 56th
Street Suffix: Street
City Name: Miami
Municipal Code: 30
State Or Province: FL
Postal Code: 33155
Postal Code +4: 6342
Postal Zip: 33155
Subdivision Name: PLAT OF THE W1/2 OF SE1/4
Area: 2400
Elementary School: David Fairchild
Middle Or Junior School: South Miami
High School: South Miami
Parcel Number: 3040240000940
Zoning: 2300
Flood Zone: X
County Land Use: EU-1

Financial Information

Tax Year: 2025
Tax Annual Amount: 28142
Tax Legal Description: 24 54 40 4.92 AC W1/2 OF SW1/4 OF SE1/4 OF SE1/4 LESS S50FT FOR R/W LOT SIZE IRREGULAR

Status Change Information

Major Change Timestamp: 2026-08-12T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-08-12

More Information

Price Calculations

Current Price To SqFt: 68.87

Section Details

Parcel Number MLX: 0940

Originating Details

Originating System Key: 546275046
Originating System ID: M00000151

Listing Office: RE/MAX Advance Realty II

Last Updated: September - 16 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Search powered by FBS Products