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Property photos —
Price reducedMLS listing sourceMIAMI REALTORS® MLS
Price reducedMLS® A11965096
$1,490,000

↓ Price reduced $130,000 on Sep 23, 2026

531 NE 77, Miami, FL 33138

Beds
—
Baths
0
Sqft
—
Est. payment$8,780/mo
Home type
Unimproved Land
Year built
—
Lot size
6,970 sqft
Price / sqft
—
HOA
$0/mo
Community
FEDERAL WAY AMD

Property description

Prime Ocean-Access Waterfront Lot | Developer SpecialThe lowest-priced ocean-access waterfront land in Miami. High-upside parcel in Miami’s accelerating Upper Eastside / Little River corridor featuring 50+ feet of frontage on a navigable waterway. This site offers direct access to the Intracoastal and open bay with just one high-clearance bridge. Located in an active redevelopment pocket, it combines lifestyle appeal with massive resale and rental demand. Owner financing available.Zoning & Development Versatility:Zoned T3-L, the property unlocks multiple lucrative strategies:A luxury custom waterfront spec home.A main residence plus an ADU (accessory dwelling unit) for dual income or multi-generational living.Added Value: Transferred rights to a previous ~3,000 sq. ft. home design can slash municipal building fees and save pre-development time.The site features a unique cut-in boat slip with a coral rock boat house. Situated minutes from Miami IronSide, the MiMo District, and the Design District, this high-growth submarket faces a dwindling supply of available land. Bring your architect and your vision.

Listing activity

Days on market
223
Listed
Feb 12, 2026
MLS listing updated
Sep 23, 2026
Feed last checked
10 minutes ago

Listed by Joshua Shemtov · Keller Williams Eagle Realty

Map

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0
Property

Exterior

Other structures
None
View
River
Waterfront
Ocean Access, River Front, Seawall
Waterfront property
Yes

Lot

Lot size
6,970 sqft
Lot size (acres)
0.16 acres
Lot dimensions
6850
Lot features
Other, Cleared, Street Lights
Zoning
0104
Road surface
Paved
Road frontage
Easement
Road responsibility
Public Maintained Road
Construction

Type & style

Home type
Unimproved Land

Materials

Faces
North
Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision
FEDERAL WAY AMD
MLS area
2320

Association

Estimated monthly dues
$0
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33138
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A11965096
Possession
Other
Original list price
$1,620,000
Parcel number
0132070400260
Annual property tax
$3,646
Tax year
2023
Tax legal description
FEDERAL WAY AMD PB 25-6 LOT 9 BLK 5 LOT SIZE 50.000 X 137 OR 21226-4689 042003 3 COC 21621-3732 08 2003 1
Additional MLS details

Reported by the listing source

Bathrooms Total Decimal
0
Bathrooms Total Integer
0
County Or Parish
Miami-Dade
Days On Market
223
Direction Faces
North
Elementary School
Morningside K-8 Academy (Miami-Dade)
High School
Miami Edison
List Price
1490000
Listing Contract Date
2026-02-12
Lot Size Acres
0.16
Lot Size Dimensions
6850
MLSArea Major
2320
Middle Or Junior School
Horace Mann
Mls Status
Active
On Market Date
2026-02-12
Photos Count
3
Postal Code
33138
Price Change Timestamp
2026-09-23T18:29:43Z
Property Sub Type
Unimproved Land
Property Type
Land & Docks
Road Frontage Type
Easement
Road Surface Type
Paved
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-02-12T05:00:00Z
Subdivision Name
FEDERAL WAY AMD
Waterfront Features
Ocean Access, River Front, Seawall
Tax Annual Amount
3646

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Feb 12, 2026ListedMIAMI REALTORS® MLS$1,620,000
Sep 23, 2026Price reducedMIAMI REALTORS® MLS$1,490,000

Public tax history

YearProperty taxesAssessment
2023$3,646—

Payment calculator

Estimated monthly payment$8,780/moIllustrative estimate, not a loan offer.
Principal & interest
$7,731
Property taxes
$304
Insurance
$745
Association dues
$0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

FEDERAL WAY AMD

Miami · Miami-Dade County · 33138

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Morningside K-8 Academy (Miami-Dade)Elementary
—
Horace MannMiddle
—
Miami EdisonHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

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MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Keller Williams Eagle Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.