Premier Brokers International
1515 N River Drive, Miami, FL 33125
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A11979551
$14,999,000

1515 N River Drive, Miami, FL 33125

Beds
—
Baths
0
Sqft
—
Est. payment$85,327/mo
Home type
Unimproved Land
Year built
—
Lot size
77,101 sqft
Price / sqft
—
HOA
$0/mo
Community
GROVE PARK

Property description

1.77 acres of prime contiguous land along the Miami River, an increasingly rare opportunity in one of Miami’s fastest-growing corridors. With direct waterfront access and approximately 14 existing 50 foot boat slips, this three lot assemblage is ideally positioned for impactful development.Under current T4-R zoning, the property permits multifamily residential construction by right, offering immediate development potential with 36 units per acre per T4-R zoning. One concept envisions the creation of 40 luxury townhomes that take full advantage of the site’s river frontage and lifestyle appeal.

Listing activity

Days on market
198
Listed
Mar 9, 2026
MLS listing updated
Jul 13, 2026
Feed last checked
4 minutes ago

Listed by Edward L Schmidt · E. L. S. Realty Corp.

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0
Property

Exterior

Waterfront
Other, River Front
Waterfront property
Yes

Lot

Lot size
77,101 sqft
Lot size (acres)
1.77 acres
Lot dimensions
77101
Zoning
3900
Road frontage
Public Road
Construction

Type & style

Home type
Unimproved Land
Utilities & green energy

Utilities

Water
Other
Utilities
Sewer Not Available, None
Community & HOA

Community

Subdivision
GROVE PARK
MLS area
2310

Association

Estimated monthly dues
$0
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33125
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A11979551
Possession
Other
Original list price
$13,999,000
Parcel number
0131350160040
Annual property tax
$0
Tax year
2026
Tax legal description
GROVE PARK PB 5-66 LOTS 4 THRU 6 BLK 1 LESS PORT OF LOT 4 BEG SE COR OF LOT 4 TH N 00 DEG W 112.49FT N 71 DEG W 0.35FT S 00 DEG E 112.50FT S
Additional MLS details

Reported by the listing source

Bathrooms Total Decimal
0
Bathrooms Total Integer
0
County Or Parish
Miami-Dade
Days On Market
198
Elementary School
Paul Laurence Dunbar K-8
High School
Booker T. Washington
List Price
14999000
Listing Contract Date
2026-03-09
Lot Size Acres
1.77
Lot Size Dimensions
77101
MLSArea Major
2310
Middle Or Junior School
Citrus Grove
Mls Status
Active
On Market Date
2026-05-14
Photos Count
3
Postal Code
33125
Price Change Timestamp
2026-06-12T16:51:48Z
Property Sub Type
Unimproved Land
Property Type
Land & Docks
Road Frontage Type
Public Road
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-05-14T05:15:11Z
Subdivision Name
GROVE PARK
Water Source
Other
Waterfront Features
Other, River Front
Tax Annual Amount
0

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
Mar 9, 2026ListedMIAMI REALTORS® MLS$13,999,000
Jul 13, 2026Price updatedMIAMI REALTORS® MLS$14,999,000

Public tax history

YearProperty taxesAssessment
2026$0—

Payment calculator

Estimated monthly payment$85,327/moIllustrative estimate, not a loan offer.
Principal & interest
$77,827
Property taxes
$0
Insurance
$7,500
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

GROVE PARK

Miami · Miami-Dade County · 33125

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Paul Laurence Dunbar K-8Elementary
—
Citrus GroveMiddle
—
Booker T. WashingtonHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of E. L. S. Realty Corp.. 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.