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75 NE 17th Ter
Miami, FL 33132
Seventeen Edge · Land For Sale
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7.35 AC
Investment Highlights
- Institutional-scale assemblage in Miami’s Urban Core
- High-density zoning with 500 units per acre potential
- Located in the path of major urban growth
- Rare ±7.35-acre infill site in Edgewater
- Opportunity Zone & Live Local eligible
- Significant long-term land appreciation fundamentals
Executive Summary
By-Right Zoning (Miami 21 – T6 Urban Core):
• Floor Lot Ratio (FAR): 7.0 (˜2.2M SF by right)
• Maximum Height: 24 stories (up to 48 stories with benefits)
• Maximum Residential Density: ~3,600+ units
• High-rise residential, hotel, retail, office, and mixed-use permitted
• 80% max lot coverage (lower above 8th story)
• 10% minimum open space
A 2015 baseline feasibility concept demonstrated the viability of a large-scale mixed-use program including three residential towers (~1,000 units total), a ~300-key hotel, ~50,000 SF of retail, and structured parking. This reference concept was designed under base zoning and does not reflect the materially expanded potential available today through overlays and state legislation.
Omni Residential Density Increase Overlay (500 Units per Acre):
The site is located within the Omni Residential Density Increase Area under the Miami Comprehensive Neighborhood Plan. This overlay materially enhances unit yield and tower flexibility compared to surrounding submarkets.
Live Local Act (SB 102 / SB 328) – Significant Upside Potential:
The property qualifies for consideration under Florida’s Live Local Act framework, which may allow:
• Density equal to the highest permitted in the municipality
• FAR up to 150% of highest municipal FAR (subject to program compliance)
• Height up to maximum permitted within a 1-mile radius (subject to adjacency limits)
• Administrative approval pathway
• Reduced parking requirements for transit-oriented locations
• Up to 60% market-rate for-sale condominium component
• 75%–100% property tax exemptions for qualifying affordable units
Under Live Local parameters (subject to compliance), development potential may expand materially beyond by-right zoning, including up to 11.5 million SF of building area and FAA height limits of 649’.
Overlay & Location Advantages:
• Transit Corridor
• Transit Oriented Development (TOD – parking reductions)
• Rapid Transit Zoning (RTZ) applicable through County
• City Future Land Use: General Commercial
• FEMA Flood Zone X (0.2% annual chance flood hazard)
• FAA Height Limitation: 649’
Strategically positioned between Midtown Miami, Downtown Miami, and Biscayne Bay, Seventeen Edge offers one of the few remaining large-scale assemblages capable of supporting institutional mixed-use development at scale.
This offering presents developers, institutional investors, and mixed-use operators the opportunity to capitalize on Miami’s pro-growth zoning framework, density overlays, and state-level housing incentives in a high-barrier-to-entry urban core location
Property Facts
1 Lot Available
Lot
| Lot Size | 7.35 AC |
| Lot Size | 7.35 AC |
±7.35-acre (320,082 SF) urban infill development site in Edgewater with frontage along NE 2nd Ave, NE 17th St & NE Miami Ave. Zoned T6-24A-O with eligibility for Opportunity Zone, OMNI, RTZ, TOD & Live Local programs.
Description
Seventeen Edge is a ±7.35-acre (320,082 SF) infill development site located along NE 17th Street in the heart of Miami’s Edgewater submarket, positioned between the Midtown/Design District corridor and Downtown Miami, and within close proximity to Wynwood and Biscayne Bay. The property is designated Urban Core under Miami 21 (T6 context) and benefits from zoning provisions that support high-density residential and mixed-use development, including up to 500 dwelling units per acre (overlay), significantly enhancing allowable density relative to standard base zoning. Additional zoning tools—including Live Local, RTZ, and other overlays—may allow for reduced development restrictions, flexible height and FAR, and multiple pathways to maximize development yield. A preliminary high-rise development concept has been prepared, illustrating the feasibility of structured parking and podium-level amenities, helping to reduce early-stage planning risk. With strong multifamily fundamentals, limited remaining infill land, and proven absorption of new luxury product in Edgewater and Midtown, Seventeen Edge represents a rare opportunity to develop an institutional-scale mixed-use or residential project in one of Miami’s most dynamic urban growth corridors.
Property Taxes
| Parcel Number | 01-3136-091-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $106,155,491 CAD |
Property Taxes
