About this home

Exceptional 21,439 SF assemblage on NW 17th AV in West Little Havana, adjacent to the iconic Loan Depot Stadium, offering prime T5-L zoning and major development upside under the Live Local Act (SB102/SB136), allowing for over 150 units and up to 24- stories with no FLR cap. The site includes residential income buildings and a vacant building-a Duplex from 1981, a 2-unit 3-bed/2-bath and 2/1, another Duplex with both units 2/1, a single family home and a triplex with plans approved for renovation-all currently rented below market. Located just five minutes from Brickell and Downtown, this high- visibility corridor draws over 3 million tourists annually and is surrounded by top local hotspots like Ball & Chain, Torreros Bonfire, and more. With 17th Avenue frontage, strong transit access, and rising demand for retail and residential, the site sits at the heart of Miami's most vibrant and rapidly evolving neighborhood. Property Addresses: 1651 & 1675 NW 2 St, 221 & 227 NW 17 Ave, Miami, FL Total Land Area: +/-21,439 SF (+/-0.49 acres) Zoning: T5-L (up to 65 units/acre) Live Local Eligibility: Yes - Florida SB 102 incentives Combined Asking Price: $3,850,000 Developer Advantages 1. Accelerated Entitlement - SB 102 overrides local zoning and reduces approval time. 2. Density & Flexibility - Build up to 1000 units/acre, including workforce housing. 3. Immediate Income + Upside - Current rentals provide cash flow while preparing for redevelopment.

Property details

Price: $3,850,000
Bedrooms: 0
Bathrooms: 0
Lot size: 21,344 sqft
Type: Land
Days on market: 44
Est. property tax: $33,110/yr · $2,759/mo · 0.86% FL avg
Last sold: $265,000 · May 2016

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Estimated monthly payment

Down payment20% ($770,000)

Interest rate6.75%

Principal & Interest$19,977

Property Tax$3,529

Insurance$150

Total$23,656/mo

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Price history

$115K · Jun 94$3.85M · Mar 26

Mar 13, 2026$3,850,000Initial list price
May 23, 2016$265,000Sold
May 23, 2005$377,000Sold
Oct 1, 2003$260,000Sold
Jun 2, 1994$115,000Sold

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.

Location

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Home Intelligence

Neighborhood (zip 33125)

This neighborhood is primarily renter-occupied (24% owner-occupied). Median age is 42.6; 13% hold a bachelor's degree; median household income is $37,370.

Median income: $37,370
Median age: 42.6
Owner-occupied: 23.9%
Bachelor's degree: 13.0%
Census median home value: $339,300

Source: US Census Bureau American Community Survey 5-year estimates.