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Little River Townhome Enclave 119 Northwest 61st Street, Miami, FL 33127
Residential - Income
Property Description
The properties consist of four vacant lots ( 0131130000370, 0131130630110, 0131130560090 ) , "Little River " subdivision of Miami FL. The lots have similar zoning allowing for more density on the T5 lots and less on the T3. Combined, the lots total 27,080 ft of land with the potential "by right" to build twenty-three units. The owners' vision is that of a loosely tied "Townhome Enclave". All of the lots are centrally located, they fall within the North Miami Beach submarket, situated amidst the affluent neighborhoods of Aventura and Sunny Isles to the North, and Downtown Miami and Miami Beach to the South, North Miami Beach continues to attract developer attention. As of 2024, it constitutes 9% of Miami's under-construction units, a notable increase from slightly over 4% before 2019. Sales volume accelerated in 2021 but has since slowed, with $110 million in volume in 2022 and 2023 volume totaling $170 million, still, this remains elevated relative to pre-pandemic levels.
Area Description
NW 61 Street North to South
Highlights
The subject property is a one-parcel lot. The site has approximately 50 ft frontage on NW 61 Street North to South and close to 148 ft deep.
PROPERTY HIGHLIGHTS
0.17 AC Lot 7,150 SF Lot
T-3, O zoning
(4) buildable units: $492,424.00
Entire Assemblage: $2,192,148.00 (A11560921,A11560944,A11560938)
Full Address: 119 Northwest 61st Street, Miami, FL 33127
Listing Type: FOR SALE
Status: Active
Region: S-SE
County: Miami Dade
Property ID: 4036549
Building Sf: 27080
Parcel Num: 0131130520170
The subject property is a one-parcel lot. The site has approximately 50 ft frontage on NW 61 Street North to South and close to 148 ft deep. PROPERTY HIGHLIGHTS 0.17 AC Lot 7,150 SF Lot T-3, O zoning (4) buildable units: $492,424.00 Entire Assemblage: $2,192,148.00 (A11560921,A11560944,A11560938)