Property 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.
Property Details
Listing Information
- MLS ID
- A12068686
- Listing Status
- Active
- Property Type
- Single Family Residence
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area
- 8,252 sq ft
- Lot Size
- 214,315 sq ft
- Year Built
- 1947
- Community
- PLAT OF THE W1/2 OF SE1/4
- County
- Miami-Dade
Property Features
- Interior Features
- Pantry, Walk-In Closet(s)
- Exterior Features
- Awning(s), Tennis Court(s), Balcony
- Appliances
- Electric Water Heater, Dryer, Electric Range, Refrigerator, Washer
- Cooling
- Central Air
- Heating
- Central
- Parking
- Circular Driveway, RV Access/Parking, Garage, Detached Garage, Detached, Boat Access/Parking
- Waterfront
- False
- View
- Garden, Pool
- Property Tax
- $29,314 (2025)
