Premier Brokers International
5885 SW 56th Street, Miami, FL 33155
PendingMLS listing sourceMIAMI REALTORS® MLS
PendingMLS® A12068717
$15,000,000

5885 SW 56th Street, Miami, FL 33155

Beds
—
Baths
0
Sqft
—
Est. payment$87,677/mo
Home type
Unimproved Land
Year built
—
Lot size
217,800 sqft
Price / sqft
—
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
8 hours ago
Feed last checked
10 minutes ago

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

Bathrooms
0
Bathrooms (decimal)
0
Property

Exterior

Fencing
Fenced
Other structures
Other
Waterfront property
No

Lot

Lot size
217,800 sqft
Lot size (acres)
5 acres
Lot dimensions
214315
Zoning
2300
Road surface
Paved
Construction

Type & style

Home type
Unimproved Land

Materials

Faces
South
Utilities & green energy

Utilities

Water
Public
Utilities
Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Other, Irrigation Water Onsite, Trash Removal
Community & HOA

Community

Subdivision
PLAT OF THE W1/2 OF SE1/4
MLS area
2400

Association

Estimated monthly dues
$0
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
A12068717
Possession
Negotiable
Original list price
$15,000,000
Parcel number
3040240000940
Annual property tax
$28,142
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

Bathrooms Total Decimal
0
Bathrooms Total Integer
0
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
Lot Size Acres
5
Lot Size Dimensions
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
Unimproved Land
Property Type
Land & Docks
Road Surface Type
Paved
Standard Status
Pending
State Or Province
FL
Status Change Timestamp
2026-09-29T15:10:49Z
Subdivision Name
PLAT OF THE W1/2 OF SE1/4
Water Source
Public
Tax Annual Amount
28142
Waterfront
No

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

Public tax history

YearProperty taxesAssessment
2025$28,142—

Payment calculator

Estimated monthly payment$87,677/moIllustrative estimate, not a loan offer.
Principal & interest
$77,832
Property taxes
$2,345
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.