DEVELOPMENT OPPORTUNITY IN THE HEART OF MIAMI SHORES. This unique offering combines immediate rental income with significant future development potential for a pre-approved spec home featuring 5 Bedrooms / 4 Bathrooms with 5,000 total SF and 3,750 of living SF situated on an 8,625 SF lot. The property is currently tenant-occupied on a month-to-month basis, providing cash flow while the next owner finalizes their development plans. Buyer receives architectural plans for a new luxury residence, with the plans currently in the final stages of review and preparation for submission to the Village of Miami Shores. The existing plans may be completed as designed or modified to suit the buyer's specific vision and needs. Conveniently located near Miami Shores Country Club, top-rated schools, parks, dining, shopping, and major transportation corridors. Contact listing agent for additional information regarding the development plans and approval process.