7715 NE 5th Ave, Miami, FL
3 bd · 2 ba · 2,346 sqft Multi-Family listed at $1,499,000, built in 1937 in the Belle Meade West neighborhood.
About this home
Investors Special | Waterfront land | Single Family - Anciliary Unit zoning. Emerging submarket. Priced at land value. Rare opportunity to secure a 9,050 SF waterfront corner parcel in the rapidly appreciating Upper Eastside / Little River / Miami Shores corridor - one of Miami's most active areas for redevelopment and new construction. Positioned with 50 feet of frontage on the Little River Canal, a navigable waterway with fixed bridge access to the Intracoastal and open bay, this site offers both lifestyle appeal and strong resale/rental demand - a combination that's increasingly difficult to find at this price point. Zoning & Development Potential - Zoned T3-L Single-Family + Ancillary Unit (ADU), allowing multiple value-add strategies: Luxury custom waterfront spec home; Main residence + guest house; Short/long-term rental configuration; Modern townhouse-style concept (verify with city); formerly zoned R-3. Hold for appreciation as land in a transitioning neighborhood. Minutes from Ironside, MiMo District, Biscayne Blvd retail, and the Design District, the area continues to attract investors. Ideal for builders, developers, or long-term investors looking to create or capture upside in a high-growth pocket of Miami. Existing duplex predates current zoning. Currently used as three units. Site includes a cut-in slip with old coral rock boat house.
Property details
- Price
- $1,499,000
- Bedrooms
- 3
- Bathrooms
- 2
- Interior
- 2,346 sqft
- Price / sqft
- $639
- Year built
- 1937
- Type
- Multi-Family
- Days on market
- 78
- Est. property tax
- $12,891/yr · $1,074/mo · 0.86% FL avg
- Last sold
- $53,500 · Sep 1991
Estimated monthly payment
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Price history
- Feb 6, 2026$1,499,000Initial list price
- Sep 13, 1991$53,500Sold
Location
This home is located in Miami, FL, in the South Florida area. Browse more Miami listings on the Miami market page or explore the full Miami market report.
Home Intelligence
Neighborhood (zip 33138)
Median age is 41.3; 25% hold a bachelor's degree; 49% of homes are owner-occupied; median household income is $58,990.
- Median income
- $58,990
- Median age
- 41.3
- Owner-occupied
- 48.8%
- Bachelor's degree
- 25.0%
- Census median home value
- $604,300
Source: US Census Bureau American Community Survey 5-year estimates.
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