About This Property

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.

Key Features

• 214,315 sq ft Lot
• Built in 1947

Property Details

• Type: Single Family Home
• Year Built: 1947
• Lot Size: 4.92 Acres
• Sq Ft: 8,252
• Price / Sq Ft: $1,818
• HOA: Contact Agent
• Bedrooms: 5
• Bathrooms: 5
• Feature: 214,315 sq ft Lot
• Feature: Built in 1947
• Status: Active
• MLS Number: 1179863798
• Days on Market: 48
• Listed By: RE/MAX Advance Realty II · Ileana Rodriguez
• Zip Code: 33155