Home for Sale
5885 56th St, Miami, FL
5 Bedroom House
Offered at $15,000,000
About the property
A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral Gables
Welcome 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.
Internal Features
- Breakfast Area
- Bathtub
- Dining Area
- Separate Formal Dining Room
- First Floor Entry
- Handicap Access
- Pantry
- Sitting Area In Primary
- Separate Shower
- Walk In Closets
- Attic
Equipment & Appliances
- Dryer
- Electric Range
- Electric Water Heater
- Refrigerator
- Washer
External Features
- Awnings
- Balcony
- Fence
- Tennis Courts
- Storm Security Shutters
© The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Listing courtesy of RE/MAX Advance Realty II.