150 NE 59th Street, Miami, FL 33137

New Listing

$1,750,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12063358

Property Type: Land & Docks Lot Size (sq. ft.): 5,552 Status: Active

Current Price: $1,750,000 List Date: 7/31/2026 Last Modified: 8/06/2026

Overview

Description

Corner lot currently with two duplex buildings totaling 1,909 adjusted sf of construction - 4 units total , each 1bed +1bath, with long-term tenants in place, generating steady income until development begins. Each unit has a private backyard, separate address and tenants pay their own utilities . Impact windows throughout - 4 water meters and 4 FPL meters . Zoned T5-R allowing by right development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft corner lot. Open corner exposure directly across from a school maximizes light and sight lines for future development .The lot backs up to a church that occupies the entire block fronting NE 2nd Avenue- this is the only property sharing that block with the church ,offering added privacy and unique dual -frontage advantage. Located in a federally designed Opportunity Zone. One block from Magic City Innovation District -the recently revived $3B AI-focused development anchored by Dragon Global and less t ... (Read more)

Listing Details MLS# A12063358

General Property Information

Property Sub Type: Unimproved Land
Lot Size Acres: 0.13
Lot Size Square Feet: 5552
Lot Size Dimensions: 0.13
Lot Depth: 93
Lot Frontage: 60
LP/SqFt: 315.2

Property Features

Comprehensive Plan Use: Central Urban Current Use: Other Environmental Audit: None Location of Property: City Location; Corner Lot; Corner Unit Possession: Subject To Tenant Rights Sewer: Public Sewer Special Information: City Jurisdiction Utilities: Electricity Available; Sewer Available; Water Available; Trash Removal Lot Features: Regular Lot Road Frontage Type: Easement; Public Road Road Responsibility: Public Maintained Road Water Source: Public Showing Requirements: Call Listing Agent; Showing Service

Contract Information

Comp Sale YN: No
Original List Price: 1750000
LP/Acre: 13461538.46
LP/Frontage: 29166.67

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 150
Street Direction Prefix: NE
Street Name: 59th
Street Suffix: Street
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33137
Postal Code +4: 2006
Postal Zip: 33137
Subdivision Name: DIXIE HIGHWAY TRACK
Area: 2310
Middle Or Junior School: Jose De Diego
High School: Miami Edison
Parcel Number: 0131130651640
Subdivision Number: 65
Zoning: T5-R
Flood Zone: X

Financial Information

Tax Year: 2025
Tax Annual Amount: 7450
Tax Legal Description: DIXIE HIGHWAY TR PB 5-24 LOT 10 BLK 11 73R-20732 LOT SIZE 59.700 X 93 COC 24192-3349 01 2006 1
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-07-31T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-31

More Information

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Scheduled Income: 82800
Inc/Exp Statement Period: No

Price Calculations

Current Price To SqFt: 309.03

Section Details

Parcel Number MLX: 1640

Originating Details

Originating System Key: 539306549
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Comprehensive Plan Use

Central Urban: Yes

Current Use

Other: Yes

Environmental Audit

None: Yes

Location of Property

City Location: Yes
Corner Lot: Yes
Corner Unit: Yes

Possession

Subject To Tenant Rights: Yes

Sewer

Public Sewer: Yes

Special Information

City Jurisdiction: Yes

Utilities

Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes
Trash Removal: Yes

Lot Features

Regular Lot: Yes

Road Frontage Type

Easement: Yes
Public Road: Yes

Road Responsibility

Public Maintained Road: Yes

Water Source

Public: Yes

Showing Requirements

Call Listing Agent: Yes
Showing Service: Yes

Listing Office: Beachfront Realty Inc

Last Updated: August - 06 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

150 NE 59th Street, Miami, FL 33137 (MLS# A12063358)