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5885 SW 56th Street, Miami, FL 33155

New Listing
$15,000,000
Property Type: Land & Docks Lot Size (sq. ft.): 214,315 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# A12068717

Contract Information

Comp Sale YN: No LP/Acre: 3000000 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 Flood Zone: X County Land Use: EU-1 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

Number Of Lots: 1 Lot Size Dimensions: 214315 LP/SqFt: 69.99 Property Sub Type: Unimproved Land Lot Size Acres: 5 Lot Size Square Feet: 214315 Direction Faces: South

Financial Information

Estimated Monthly Assoc Recurring Fee: 0 Tax Year: 2025 Tax Annual Amount: 28142 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

Fencing

Fenced: 1

Current Use

Check Land Use Plan: 1 Residential: 1 Single Family: 1 Other: 1

Development Status

Recorded Plat: 1 Other: 1

Irrigation Source

Surface Water: 1

Land Fill

Fill Unknown: 1

Location of Property

Corner Unit: 1 Near School: 1

Other Structures

Other: 1

Possession

Negotiable: 1

Possible Use

Residential: 1

Soil Type

Dirt: 1

Trees

Avocado: 1 Mango: 1 Other: 1

Utilities

Cable Available: 1 Electricity Available: 1 Phone Available: 1 Sewer Available: 1 Water Available: 1 Irrigation Water Onsite: 1 Other: 1 Trash Removal: 1

Listing Terms

Cash: 1

Road Surface Type

Paved: 1

Water Source

Public: 1

Showing Requirements

Showing Service: 1

Tax Information

Homestead Exemption: 1

Price Calculations

Current Price To SqFt: 68.87

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: 546275046 Originating System ID: M00000151

Property Features

Current Use: Check Land Use Plan; Residential; Single Family; Other Development Status: Recorded Plat; Other Fencing: Fenced Irrigation Source: Surface Water Land Fill: Fill Unknown Location of Property: Corner Unit; Near School Other Structures: Other Possession: Negotiable Possible Use: Residential Soil Type: Dirt Trees: Avocado; Mango; Other Utilities: Cable Available; Electricity Available; Phone Available; Sewer Available; Water Available; Irrigation Water Onsite; Other; Trash Removal Listing Terms: Cash Road Surface Type: Paved Tax Information: Homestead Exemption Water Source: Public Showing Requirements: Showing Service Acreage Description: 4 To Less Than 5 Acre Lot
Listing Office: RE/MAX Advance Realty II
Last Updated: August - 12 - 2026
5885 SW 56th Street, Miami, FL 33155- MLS# A12068717
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