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5885 SW 56th Street, Miami, FL 33155

New Listing
$15,000,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 8,708 Status: Active
Current Price: $15,000,000 List Date: 8/12/2026 Last Modified: 8/12/2026

Description

A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral GablesWelcome to 5885 Miller Rd—a once-in-a-generation real estate offering in the heart of Miami. Situated just blocks from the prestigious limits of Coral Gables, this sweeping 5-acre parcel is one of the last remaining tracts of its size available in the urban core.Boasting an exceptional location surrounded by gorgeous, high-end homes, this property presents an unprecedented canvas for investors and developers. The land’s highest and best use offers immediate value: it can be subdivided right now into five premium 1-acre lots by right. For the forward-thinking developer, the property holds incredible potential for future rezoning and higher-density subdivision through the county system.Currently gracing the grounds is a beautiful, classic estate that offers timeless elegance and immediate utility while development plans are finalized.Property Highlights:The Canvas: 5 sprawling acres of pristine, level land.Development Potential: Prime for immediate subdivision into five 1-acre estates, with strategic avenues for future high-density rezoning.The Estate: A classic, beautifully maintained existing residence on-site.Strategic Location: Unbeatable proximity to Coral Gables, top-tier schools, and Miami's best dining and retail.Flood Zone X: High and dry—no flood insurance required.This is more than a piece of land; it is a legacy investment.

More Information MLS# A12068686

Contract Information

Comp Sale YN: No Occupant Type: Vacant Listing Date: 2026-08-12 Status: Active Original List Price: 15000000 List Price: $15,000,000 Current Price: $15,000,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Miami Municipal Code: 30 Postal Zip: 33155 Subdivision Number: 0 Special Assessment YN: No Flood Zone: X Country: United States Street Number: 5885 Street Direction Prefix: SW Street Name: 56th Street Suffix: Street State Or Province: FL Postal Code: 33155 Postal Code +4: 6342 Subdivision Name: PLAT OF THE W1/2 OF SE1/4 Area: 2400 Elementary School: David Fairchild Middle Or Junior School: South Miami High School: South Miami Parcel Number: 3040240000940 Zoning: 2300

General Property Information

Adjusted Area Main: 4744 Living Area Main: 8252 Accessibility Features YN: Yes Lot Size Area: 214315 Senior Community YN: No Outdoor Living Spaces YN: Yes Furnished: Unfurnished Stories Total: 2 Pool Private YN: Yes Property Sub Type: Single Family Residence Bedrooms Total: 5 Bathrooms Total: 5 Bathrooms Full: 5 Building Area Main: 8708 Year Built: 1947 Garage YN: 1 Garage Spaces: 3 Covered Spaces: 3 Lot Size Acres: 4.92 Direction Faces: South

Financial Information

Estimated Monthly Assoc Recurring Fee: 0 Membership Fee Required YN: No Tax Annual Amount: 29314 Tax Year: 2025 Tax Legal Description: 24 54 40 4.92 AC W1/2 OF SW1/4 OF SE1/4 OF SE1/4 LESS S50FT FOR R/W LOT SIZE IRREGULAR

Office/Member Information

DXORIGMLSID: SEF

Amenities

None: 1

Dining Area

Breakfast Area: 1 Formal Dining: 1

Electric

Circuit Breakers: 1

Entry Information

Entry Level: 1

Exterior Features

Awning(s): 1 Tennis Court(s): 1

Flooring

Carpet: 1 Wood: 1

Parking Features

Boat Access/Parking: 1 Circular Driveway: 1 RV Access/Parking: 1 Detached: 1 Detached Garage: 1 Garage: 1

Property Condition

Resale: 1

Fencing

Fenced: 1

Possession

Negotiable: 1

Sewer

Public Sewer: 1

Special Information

Chandelier To Be Replaced: 1 Sold As-Is: 1

View

Garden: 1 Pool: 1

Heating

Central: 1

Appliances

Dryer: 1 Electric Range: 1 Refrigerator: 1 Washer: 1

Construction Materials

CBS: 1

Interior Features

Pantry: 1 Walk-In Closet(s): 1

Levels

Two: 1

Listing Terms

Cash: 1

Pool Features

In Ground: 1

Roof

Shingle: 1

Water Source

Public: 1

Water Heater Details

Electric Water Heater: 1

Cooling

Central Air: 1

Showing Requirements

Showing Service: 1

Master Bedroom/Bath

Master Bdrm - Sitting: 1 Separate Shower: 1 Separate Tub: 1

Pets Allowed YN

Yes: 1

Pool Size Details

Pool Size (WxL): 60x99

Restrictions

No Restrictions: 1

Storm Protection

Panel Shutters: Complete

Outdoor Living Spaces

Balcony: 1

Balcony Details

Balcony - Open: 1

Room Types

Attic: 1 Den: 1 Family Room: 1 Florida Room: 1

Price Calculations

Current Price To SqFt: 1817.74

Section Details

Parcel Number MLX: 0940

Acreage Description

4 To Less Than 5 Acre Lot: 1

Status Change Information

Major Change Timestamp: 2026-08-12T04:00:00Z Major Change Type: New Listing Status Change Date: 2026-08-12

Originating Details

Originating System Key: 546272034 Originating System ID: M00000151

Property Features

Dining Area: Breakfast Area; Formal Dining Electric: Circuit Breakers Exterior Features: Awning(s); Tennis Court(s) Flooring: Carpet; Wood Parking Features: Boat Access/Parking; Circular Driveway; RV Access/Parking; Detached; Detached Garage; Garage Property Condition: Resale Appliances: Dryer; Electric Range; Refrigerator; Washer Water Heater Details: Electric Water Heater Construction Materials: CBS Cooling: Central Air Fencing: Fenced Heating: Central Interior Features: Pantry; Walk-In Closet(s) Levels: Two Listing Terms: Cash Pets Allowed YN: Yes Pool Features: In Ground Possession: Negotiable Restrictions: No Restrictions Roof: Shingle Sewer: Public Sewer Special Information: Chandelier To Be Replaced; Sold As-Is View: Garden; Pool Water Source: Public Showing Requirements: Showing Service Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Room Types: Attic; Den; Family Room; Florida Room Acreage Description: 4 To Less Than 5 Acre Lot

Room Information

Attic Den Family Room Florida Room
Listing Office: RE/MAX Advance Realty II
Last Updated: August - 12 - 2026
5885 SW 56th Street, Miami, FL 33155- MLS# A12068686
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