Premier Brokers International
5885 SW 56th Street, Miami, FL 33155
PendingMLS listing sourceMIAMI REALTORS® MLS
PendingMLS® A12068686
$15,000,000

5885 SW 56th Street, Miami, FL 33155

Beds
5
Baths
5
Sqft
8,252
Est. payment$87,775/mo
Home type
Single Family Residence
Year built
1947
Lot size
214,315 sqft
Price / sqft
$1,818
HOA
$0/mo
Community
PLAT OF THE W1/2 OF SE1/4

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.

Listing activity

Days on market
48
Listed
Aug 12, 2026
MLS listing updated
9 hours ago
Feed last checked
Just now

Listed by Ileana Rodriguez · RE/MAX Advance Realty II

Map

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
5
Bathrooms
5
Bathrooms (decimal)
5
Full bathrooms
5
Half bathrooms
0

Rooms & features

Rooms
4
Interior features
Pantry, Walk-In Closet(s)
Flooring
Carpet, Wood
Appliances
Electric Water Heater, Dryer, Electric Range, Refrigerator, Washer
Furnished
Unfurnished

Heating & cooling

Heating
Central
Cooling
Central Air
Property

Parking

Garage spaces
3
Garage
Yes
Covered spaces
3
Parking features
Boat Access/Parking, Circular Driveway, Detached, Detached Garage, Garage, RV Access/Parking
Attached garage
No

Exterior

Stories
2
Building area
8,708 sqft
Entry level
1
Exterior features
Balcony, Awning(s), Tennis Court(s)
Fencing
Fenced
Pool
Yes
Pool features
In Ground
View
Garden, Pool
Waterfront property
No

Lot

Lot size
214,315 sqft
Lot size (acres)
4.92 acres
Zoning
2300
Construction

Type & style

Home type
Single Family Residence
Year built
1947
New construction
No

Materials

Construction
CBS
Roof
Shingle
Property condition
Resale
Levels
Two
Faces
South
Utilities & green energy

Utilities

Electric
Circuit Breakers
Sewer
Public Sewer
Water
Public
Community & HOA

Community

Subdivision
PLAT OF THE W1/2 OF SE1/4
MLS area
2400
Pets allowed
Yes
55+ community
No

Association

Has association
No
Estimated monthly dues
$0
Amenities
None
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33155
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12068686
Possession
Negotiable
Original list price
$15,000,000
Parcel number
3040240000940
Annual property tax
$29,314
Tax year
2025
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
Additional MLS details

Reported by the listing source

Association Amenities
None
Association
No
Bathrooms Total Decimal
5
Bathrooms Total Integer
5
Building Area Total
8708
Construction Materials
CBS
County Or Parish
Miami-Dade
Days On Market
48
Direction Faces
South
Elementary School
David Fairchild
High School
South Miami
List Price
15000000
Listing Contract Date
2026-08-12
Living Area
8252
Lot Size Acres
4.92
Lot Size Area
214315
MLSArea Major
2400
Middle Or Junior School
South Miami
Mls Status
Pending
On Market Date
2026-08-12
Photos Count
32
Postal Code
33155
Property Sub Type
Single Family Residence
Property Type
Residential
Rooms Total
4
Senior Community
No
Standard Status
Pending
State Or Province
FL
Status Change Timestamp
2026-09-29T15:09:41Z
Stories Total
2
Subdivision Name
PLAT OF THE W1/2 OF SE1/4
Water Source
Public
Tax Annual Amount
29314
Bathrooms Full
5
Pool Private
Yes
Bedrooms Total
5
Waterfront
No
Bathrooms Half
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
Aug 12, 2026ListedMIAMI REALTORS® MLS$15,000,000$1,818/sqft

Public tax history

YearProperty taxesAssessment
2025$29,314—

Payment calculator

Estimated monthly payment$87,775/moIllustrative estimate, not a loan offer.
Principal & interest
$77,832
Property taxes
$2,443
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

PLAT OF THE W1/2 OF SE1/4

Miami · Miami-Dade County · 33155

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

David FairchildElementary
—
South MiamiMiddle
—
South MiamiHigh
—
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 RE/MAX Advance Realty II. 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.