The property consists of a 7,000 square-foot 0.16 acre parcel zoned T5 O, currently improved with a 1,443 square-foot single-family residence. The zoning allows for immediate, as of right development of up to 10 residential units or a boutique office concept, offering investors the ability to execute on a variety of high demand product types. In the interim, the existing structure provides the ability to generate income and offset carry costs during the entitlement and planning phase. Positioned within a rapidly evolving corridor with strong population growth, increasing rental demand, and proximity to Coral Gables' core amenities, this offering presents a compelling opportunity to capitalize on a fundamentally strong location with limited comparable development sites.
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Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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Listing information last updated on June 25th, 2026 at 8:10pm CDT.