$11,500,000
Active
$11,500,000
3940 Douglas
Miami, FL 33133
0 sqft
N/A
$14,999,000126 days on marketActive
1515 N River Drive, Miami, FL 33125
Miami, FL 33125
0
Sq Ft
1.77 acres
Lot Size
Listing Snapshot
| List Price | $14,999,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 1.77 acres |
| Property Tax | $0/yr |
| MLS # | 1154860196 |
| Status | Active |
| Days on Market | 126 |
About This Home
1.77 acres of prime contiguous land along the Miami River, an increasingly rare opportunity in one of Miami’s fastest-growing corridors. With direct waterfront access and approximately 14 existing 50 foot boat slips, this three lot assemblage is ideally positioned for impactful development.Under current T4-R zoning, the property permits multifamily residential construction by right, offering immediate development potential with 36 units per acre per T4-R zoning. One concept envisions the creation of 40 luxury townhomes that take full advantage of the site’s river frontage and lifestyle appeal.
General Features
- Property Type
- Land
- Sub-type
- UnimprovedLand
- Zoning
- 3900
- Utilities
- None,SewerNotAvailable
- Subdivision
- GROVE PARK
Interior Features
Exterior Features
- Lot Features
- OneToTwoAcres,TwoToThreeAcres,CityLot
- Waterfront
- Yes
- Waterfront Features
- Other,RiverFront
Community Features
- MLS Area
- 2310
Schools
ElementaryPaul Laurence Dunbar K-8
MiddleCitrus Grove
HighBooker T. Washington
Map
Virtual Tour
View Virtual TourListed by Edward Schmidt · E. L. S. Realty Corp.
MLS# 1154860196 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1154860196 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $11,999,000
%
Est. Monthly$81,854
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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