11575 7th Ave ,Parkwood Terrace for Sale & Rent

11575 7th Ave for Sale & Rent

Price $11,500,000.00

• Lot size 54090
• Year Build
• Waterfront
• Zip 33168
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Centrally located 54,090 sqf in an ?Opportunity Zone?. Under zoning the site supports a maximum density of 110 residential units. This property would qualify for the live local ordinance that would push density to 220 or more residential units. Visible from I-95 and 441 and minutes from Barry University and schools. Located in the Federally designated Opportunity Zone provides significant tax advantages to investors. If the property is developed and held for a minimum period of 10 years, the capital gains from future sale may be entirely tax exempt. If funds from another gain are put into the ?opportunity zone fund? the capital gain can be deferred for 5 years with a 10% reduction in Year 5. Please consult with your local authority.

PARKWOOD TERRACE PB 22-3 W20FT OF LOTS 7 & 22 & LOTS 9 THRU 21 LESS W15FT OF LOTS 11 THRU 18 BLK 1 PER UNITY OF TITLE OR# 33273-310 LOT SIZE

County Location, 1-2.5 Acres

Centrally located 54,090 sqf in an ?Opportunity Zone?. Under zoning the site supports a maximum density of 110 residential units. This property would qualify for the live local ordinance that would push density to 220 or more residential units. Visible from I-95 and 441 and minutes from Barry University and schools. Located in the Federally designated Opportunity Zone provides significant tax advantages to investors. If the property is developed and held for a minimum period of 10 years, the capital gains from future sale may be entirely tax exempt. If funds from another gain are put into the ?opportunity zone fund? the capital gain can be deferred for 5 years with a 10% reduction in Year 5. Please consult with your local authority.

City:Miami,Zoning:6062,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.8804909,List Price:11500000,Listing Id:A11894110,Longitude:-80.2102058,Mls Status:Active,Utilities:1:Sewer Available,2:Water Available,Current Use:1:Other Style,Postal Code:33168,Street Name:7th Ave,Coordinates:1:25.8804909,Lot Features:1:1-2.5 Acres,Photos Count:2,Building Name:PARKWOOD TERRACE,Lot Size Acres:1,Lot Size Units:Square Feet,M I A M I R E_ Area:21,M L S Area Major:Parkwood Terrace,On Market Date:2025-10-10,Parcel Number:30-21-36-032-0050,Property Type:Commercial Land,Street Number:11575,Public Remarks:Centrally located 54,090 sqf in an ?Opportunity Zone?. Under zoning the site supports a maximum density of 110 residential units. This property would qualify for the live local ordinance that would push density to 220 or more residential units. Visible from I-95 and 441 and minutes from Barry University and schools. Located in the Federally designated Opportunity Zone provides significant tax advantages to investors. If the property is developed and held for a minimum period of 10 years, the capital gains from future sale may be entirely tax exempt. If funds from another gain are put into the ?opportunity zone fund? the capital gain can be deferred for 5 years with a 10% reduction in Year 5. Please consult with your local authority.,County Or Parish:Miami-Dade County,Expiration Date:2026-07-31,Frontage Length:200,List Office Name:Ocean Palm Realty, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2505,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:PARKWOOD TERRACE,Tax Annual Amount:47202,Unparsed Address:11575 NW 7th Ave, Miami FL 33168,Listing Agreement:Exclusive Right To Sell,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Dimensions:200x200,Lot Size Square Feet:54090,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:212.6086,Original List Price:11500000,Public Survey Range:21,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Centrally located 54,090 sqf in an ?Opportunity Zone?. Under zoning the site supports a maximum density of 110 residential units. This property would qualify for the live local ordinance that would push density to 220 or more residential units. Visible from I-95 and 441 and minutes from Barry University and schools. Located in the Federally designated Opportunity Zone provides significant tax advantages to investors. If the property is developed and held for a minimum period of 10 years, the capital gains from future sale may be entirely tax exempt. If funds from another gain are put into the ?opportunity zone fund? the capital gain can be deferred for 5 years with a 10% reduction in Year 5. Please consult with your local authority.,Listing Contract Date:2025-10-10,Originating System I D:miamire,Public Survey Section:36,Showing Instructions:Call Listing Agent,Street Number Numeric:11575,Tax Legal Description:PARKWOOD TERRACE PB 22-3 W20FT OF LOTS 7 & 22 & LOTS 9 THRU 21 LESS W15FT OF LOTS 11 THRU 18 BLK 1 PER UNITY OF TITLE OR# 33273-310 LOT SIZE,M I A M I R E_ Current Price:11500000,M I A M I R E_ Jurisdiction:County,Public Survey Township:21,M I A M I R E_ Municipal Code:30,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Centrally located 54,090 sqf in an ?Opportunity Zone?.,M I A M I R E_ Parcel Number M L X:0050,M I A M I R E_ Street View Param:1$25.880488$-80.209907$194.48$13.33$1.00$YkKBBj-ewh-aTm67U0ivnw,M I A M I R E_ Supplement Count:2,Contract Status Change Date:2025-10-10,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:32,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Agent Alternate Phone:786-255-1507,M I A M I R E_ Inc Exp Statement Period:0,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:11575 NW 7th Ave,