9202 84th ave - Cape Summit -Summit Estates 1.44 Acres of Residential Land Offered at $7,962,240 CAD in Miami, FL 33156

Extraordinary Development Opportunity | Continental Park Estate Lots
A rare and compelling opportunity to acquire three shovel-ready estate parcels in the highly desirable Continental Park neighborhood of Miami, located just two blocks east of the main campus of Baptist Hospital—one of the region’s most prominent medical centers and employment hubs.
Positioned in a quiet, established residential enclave known for its large lots, mature tree canopy, and custom homes, the property offers exceptional convenience with immediate connectivity to US-1, SR-878 (Snapper Creek Expressway), Florida’s Turnpike, and the Palmetto Expressway (826). This central location allows residents to easily reach Dadeland, Coral Gables, Pinecrest, Coconut Grove, and Downtown Miami, while maintaining the privacy and charm of a traditional residential neighborhood.
The Opportunity
This offering consists of three oversized residential lots, each measuring approximately 20,930 square feet or more, providing an exceptional foundation for the development of three luxury estate homes.
Large estate parcels of this size are increasingly rare within Miami’s urban core, particularly in neighborhoods with established infrastructure, excellent schools, and proximity to major employment and medical centers.
These parcels present an ideal opportunity for:
• Luxury home developers seeking to build three signature estate residences
• Custom home builders targeting high-end buyers relocating to the South Miami area
• Families seeking to create a private multi-generational compound
• Investors looking to capitalize on the continued demand for large-lot luxury homes
One of the parcels already benefits from nearly completed architectural drawings, offering the potential to significantly accelerate the design, permitting, and construction timeline.
Development Potential
Each lot’s generous size allows for the construction of substantial custom residences with expansive living spaces, resort-style pools, guest houses, outdoor kitchens, and lush landscaping.
The surrounding neighborhood supports high-end residential development, and the demand for new construction homes on oversized lots in central Miami locations continues to grow.
With proper design, the project could deliver three distinctive luxury estates, each with ample privacy and generous setbacks that enhance curb appeal and long-term value.
Strategic Location Advantages
Few residential development opportunities combine large lot sizes with such strong locational advantages.
Key highlights include:
• Two blocks from Baptist Hospital Main Campus
• Minutes to Dadeland Mall and Dadeland business district
• Quick access to major expressways and transportation corridors
• Close proximity to top public and private schools
• Short drive to Coral Gables, Pinecrest, and Coconut Grove
This central position makes the location highly attractive to medical professionals, executives, entrepreneurs, and families seeking space and accessibility.
Additional Acquisition Opportunity
There is also the potential to acquire a nearby corner residence located caddy-corner to the development lots, which could provide additional strategic value.
The property features:
• 4 bedrooms | 2.5 bathrooms
• 4,188 SF total building area
• Built in 1963 and fully renovated in 2011
• 15,134 SF lot
• Offered separately at $2.5M (details available upon request)
This residence could serve as a developer holding asset, model home, project office, or potential additional redevelopment opportunity.
Investment Perspective
As Miami continues to experience strong population growth, wealth migration, and sustained demand for new luxury housing, opportunities to secure large residential parcels in established neighborhoods have become increasingly limited.
Continental Park remains one of the few communities where developers can still build true estate-scale homes on oversized lots while remaining close to the city’s major economic centers.
With development momentum already in place, architectural planning underway, and a premier location, this offering represents a unique opportunity to create a boutique collection of luxury residences or a private residential compound in one of Miami’s most desirable residential corridors.
Opportunities of this scale, location, and readiness are increasingly rare in Miami’s residential development market.