PALOMAR SUB

PALOMAR SUB is located in North Miami Homes
ATTENTION INVESTORS & DEVELOPERS — RARE R5 OPPORTUNITY This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3–7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request. An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment—a major win in today’s lending environment. Opportunities like this do not last. R5 lots with documented density potential are extremely limited. VALUE-ADD & EXPANSION POTENTIAL • Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units. • Proven development success across the street, where an investor has completed 18 units, validating density and market demand. • Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance. This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market.

Details

Single Family Residence
R30-No Pool/No Water, House
PALOMAR SUB
None
7800 SF
1/4 To Less Than 1/2 Acre Lot
0
Wood

Rooms

Bedroom
  • Entry Level
Master Bath
Dining

Additional Rooms

  • No Additional Rooms

Interior Features

  • First Floor Entry
  • No Additional Rooms

Exterior Features

Subdivision Information

  • None

Property Tax Information

$8,552
2025
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