5885 56th Street, Miami, FL 33155

$15,000,000 — Pending

Property Features

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A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral GablesWelcome to 5885 Miller Rd—a once-in-a-generation real estate offering in the heart of Miami. Situated just blocks from the prestigious limits of Coral Gables, this sweeping 5-acre parcel is one of the last remaining tracts of its size available in the urban core.Boasting an exceptional location surrounded by gorgeous, high-end homes, this property presents an unprecedented canvas for investors and developers. The land’s highest and best use offers immediate value: it can be subdivided right now into five premium 1-acre lots by right. For the forward-thinking developer, the property holds incredible potential for future rezoning and higher-density subdivision through the county system.Currently gracing the grounds is a beautiful, classic estate that offers timeless elegance and immediate utility while development plans are finalized.Property Highlights:The Canvas: 5 sprawling acres of pristine, level land.Development Potential: Prime for immediate subdivision into five 1-acre estates, with strategic avenues for future high-density rezoning.The Estate: A classic, beautifully maintained existing residence on-site.Strategic Location: Unbeatable proximity to Coral Gables, top-tier schools, and Miami's best dining and retail.Flood Zone X: High and dry—no flood insurance required.This is more than a piece of land; it is a legacy investment.

Property Details

  • Listing ID: A12068686
  • Status: Pending
  • Listing Date: 2026-08-12
  • Property Type: Single Family Residence
  • Subdivision: PLAT OF THE W1/2 OF SE1/4
  • County: Miami-Dade
  • MLS Area: 2400
  • Bedrooms: 5
  • Full Bathrooms: 5
  • Living Area Sq Ft: 8,252
  • Year Built: 1947

Financial

  • List Price: $15,000,000
  • HOA Fee: None
  • Taxes: $29,314/yr

Features & Amenities

  • View: Garden, Pool
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Parking: Circular Driveway, RV Access/Parking, Garage, Detached Garage, Detached, Boat
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Carpet, Wood
  • Construction: CBS
  • Roof: Shingle
  • Interior Features: Pantry, Walk-In Closet(s)
  • Exterior Features: Awning(s), Tennis Court(s), Balcony
  • Community Amenities: None

Courtesy of RE/MAX Advance Realty II
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© 2026 Starfish Real Estate. 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.