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285 NE 55th St - Develop 5 units | Design District/Magic City 0.08 Acres of Residential Land Offered at $777,439 CAD in Miami, FL 33137

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Investment Highlights

Conceptual draft plans for 5 massive residential 2-story residences with roof tops
50 front feet for development | Zoned T5-L

In path of progress between Magic City, Wynwood & MIMO District
Hot area of interest for developers at the entrance to the Design District.

Executive Summary

Developers and builders seeking boutique development in Miami, FL, this vacant land site allows up to 5 units. Drawings/preliminary sketches for 5 – 2-story units in a 6 story building w/ dedicated roof top entertainment areas. Build over 14,000 SF on a 4,300 SF lot for expansive units with 9’ ceilings. Development is down the street from Church Hill’s between Buena Vista, Design District, Wynwood, Magic City, Little River & Miami’s Upper East Side. Great opportunity for builders, investors, and developers. Preliminary building sketches available upon e-mail request.
Units are 2-stories each with dedicated roof top terrace entertainments spaces designated to each unit. Units A, B, C & D are 3 beds & 3 baths of 1,660 SF. The PH Unit E is 3 beds & 3 baths plus 2 – ½ baths, game room & bonus/office room structured with lots of living space of 18’.

Comps 55th Street Dev Site

Land Comps from MLS May 2026

Conceptual Draft Unit Details

Property Facts

Price	$777,439 CAD	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Multifamily
Sale Condition	Redevelopment Project	Total Lot Size	0.08 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	T5-L - T5-L Email to request draft conceptual plans. No plans submitted

Price	$777,439 CAD
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily
Total Lot Size	0.08 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	T5-L - T5-L Email to request draft conceptual plans. No plans submitted

1 Lot Available

Lot 1

Price	$777,439 CAD	Lot Size	0.08 AC
Price Per AC	$9,954,403.51 CAD

Price	$777,439 CAD
Price Per AC	$9,954,403.51 CAD
Lot Size	0.08 AC

Developers and builders seeking boutique development in Miami, FL, this vacant land site allows up to 5 units. Build over 14,000 SF on a 4,300 SF lot for expansive units with 9’ ceilings.