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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
Price: $15,000,000
Sq Ft: 8,252
($1,818 per
sqft)
Bedrooms: 5
Bathrooms: 5
City: Miami
County: Miami-Dade
Type: Single Family
Development: Plat Of The W1/2 Of Se1/4
Acres: 4.9200
Virtual Tour/Floorplan:
View
Year Built: 1947
Listing Number: A12068686
Status Code: Pending
Taxes: $29,314.00
Tax Year: 2025
Garage:
3
Furnishings: Unfurnished
Pets Allowed: Yes
Interior Features:
Pantry
Walk-In Closet(s)
Financial Information:
Taxes: $29,314.00
Tax Year: 2025
Exterior Features:
Awning(s)
Tennis Court(s)
Balcony
Fenced
Equipment:
Electric Water Heater
Dryer
Electric Range
Refrigerator
Washer
View:
Garden
Pool
School Information:
Elementary School: David Fairchild
Middle School: South Miami
Junior High: South Miami
High School: South Miami
Additional Information:
MLS Area: 2400
Total Square Footage: 8,708
Price per Square Feet: $1,817.74
Total Rooms: 4
Total Floors: 2
Water: Public
Construction: Cbs
Date Listed: 2026-08-12 00:00:00
Pool: Y
Pool Description: In Ground
Furnished: Unfurnished
Parking: Circular Driveway, Rv Access/Parking, Garage, Detached Garage, Detached, Boat Access/Parking
Garage Spaces: 3
Flooring: Carpet, Wood
Roof: Shingle
Heating: Central
Cooling: Central Air
Pets: Yes
Restrictions: No Restrictions
Sewer: Public Sewer
Parcel ID: 3040240000940
The Real Estate information provided by Frenchman’s Reserve and Club Properties, Inc. on our website and or our mobile application is for general information purposes only. All information is provided in good faith however we make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the Site. The MLS data is coming from the local board of REALTORS, BROWARD, PALM BEACHES & ST. LUCIE REALTORS.
ATTENTION REALTORS! If you want your Frenchmans Reserve listings to be showcased on this site, they must be in the BROWARD, PALM BEACHES & ST. LUCIE REALTORS Association.
Map of 5885 Sw 56Th St, Miami, FL 33155
Listing Courtesy Of: Re/Max Advance Realty Ii
ileana@ileanasellsmiami.com