$39,500,000
Miami, FL 33130
MLS# A12113877
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Property Description
Rare dual-path entitled development site in West Brickell — 26,118 SF at 1129 SW 3rd Ave, minutes from Brickell Metromover/Metrorail. OPTION 1 – CITY OF MIAMI: Approved Waiver (with conditions) for a 353-key hotel tower. Density was secured through the purchase of the unused development rights (air rights) of the adjacent self-storage parcel; both parcels are joined by a recorded Covenant in Lieu of Unity of Title (2017), and a 2018 Easement & Operating Agreement reserves all remaining FLR/density of the unified site exclusively to this parcel. Full UDRB set, construction documents (architectural, structural, MEP), renders and prior Embassy Suites/Canopy by Hilton franchise documentation available. OPTION 2 – MIAMI-DADE COUNTY RTZ: Property was added to the Metromover Subzone of the Rapid Transit Zone by Ordinance No. 26-58 (BCC, July 2026), allowing a buyer to pursue County entitlements under Sec. 33C-15: up to 500 units/acre (est. ±299 residential condo units based on net lot area; final count per gross acreage), reduced parking requirements, height per MIA airspace. Requires BCC Initial Review (special exception) to be filed within 2 years of inclusion. Buyer to verify all entitlements, conditions and expiration dates. Data room available upon signed NDA. Contact listing agent.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-10-27
Status: Active
Original List Price: 39500000
List Price: $39,500,000
Current Price: $39,500,000
Listing Service: Limited Service
LP/Acre: 65943238.73
Location and Legal
Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1129
Street Direction Prefix: SW
Street Name: 3rd
Street Suffix: Avenue
City Name: Miami
Municipal Code: 1
State Or Province: FL
Postal Code: 33130
Postal Code +4: 4055
Postal Zip: 33130
Subdivision Name: MIAMI HEIGHTS
Area: 2410
Elementary School: Southside Preparatory Academy
High School: Booker T. Washington
Parcel Number: 0141380510260
Subdivision Number: 51
Zoning: 6402
Flood Zone: X
General Property Information
Property Sub Type: Unimproved Land
Lot Size Acres: 0.6
Lot Size Square Feet: 26118
Lot Size Dimensions: 26118
LP/SqFt: 1512.37
Financial Information
Tax Year: 2025
Tax Annual Amount: 233672
Tax Legal Description: MIAMI HEIGHTS A SUB PB 5-29 LOTS 11 & 12 & LOT 13 LESS W5FT FOR ST & LOTS 14 & 15 BLK 84 LESS EXT AREA OF CURVE IN SW COR & LESS W5FT OF LOT
Income and Expenses
Inc/Exp Statement Period: 2026
Price Calculations
Current Price To SqFt: 1513.84
Section Details
Parcel Number MLX: 0260
Status Change Information
Major Change Timestamp: 2026-10-27T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-10-27
Originating Details
Originating System Key: 568738238
Originating System ID: M00000151
Property Features
Comprehensive Plan Use: Other
Current Use: Hotel/Motel; Multi-Family; Unimproved
Environmental Audit: Phase 1
Location of Property: Central Business District; City Location; Corner Lot; Urban Area Development
Possession: Close Of Escrow; Negotiable
Sewer: Public Sewer
Special Information: City Jurisdiction
Utilities: Other
Lot Features: Irregular Lot
Road Frontage Type: Easement; Public Road
Road Responsibility: Public Maintained Road
Water Source: Public
Showing Requirements: Call Listing Agent; No Appointment; Sign On Property
Listing Office: Habitat Realty LLC
Last Updated: October - 28 - 2026
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