272 Street, Miami, FL 33032

$2,950,000 — Active

Property Features

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This development site represents one of the lowest price-per-acre opportunities in the Naranja/South Miami-Dade market, delivering exceptional value for investors and developers alike. The property is zoned R-Edge within the Naranja Community Urban Center District, allowing multifamily developments. The site is comprised of 3 folios totaling 3.38 acres, with an allowable FAR of 3.7. The seller is currently in the process of obtaining ASPR approvals for a 66-unit garden-style multifamily project. Additionally the site may qualify for a density increase of up to 84 units, subject to verification of eligibility and compliance with program requirements. Located directly across from a school and with convenient access to US1, public transit, the Florida Turnpike and major commercial corridors. The site is also located next to a canal which adds a nice buffer and flexibility for site design.

▼ Price Reduced — originally listed at $3,300,000

Property Details

  • Listing ID: A11988245
  • Status: Active
  • Listing Date: 2026-03-17
  • Property Type: Unimproved Land
  • Subdivision: HIDDEN GROVE
  • County: Miami-Dade
  • MLS Area: 2690
  • Bedrooms: 0
  • Full Bathrooms: 0
  • Living Area Sq Ft: N/A
  • Lot Dimensions: 3.38

Financial

  • List Price: $2,950,000
  • Original List Price: $3,300,000
  • HOA Fee: None
  • Taxes: $10,396/yr

Features & Amenities

Courtesy of Compass Florida, LLC
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RAPB

© 2026 Starfish Real Estate. Listings updated Nov 6, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.