Little Havana 10K SF Redevelopment Site
10,000 SF Corner Lot in Little Havana | Value-Add + Redevelopment Upside
Marketing description
512 SW 21st Ave offers a rare dual-use opportunity in Little Havana: renovate the existing single-family home plus detached efficiency, or redevelop the 10,000 SF corner lot under Miami 21 to build 8 units. The main 2-story 1926 home needs interior updates, allowing a value-add investor or homeowner to create significant equity. The second structure functions as an efficiency with its own bathroom—ideal for rental income or guest use. Developers can build 8 units by right under T4-R. The lot’s 100' x 100' layout allows excellent design flexibility for townhomes or boutique multifamily. Investors can renovate both buildings for dual income while holding the land for future development. With strong rental demand and proximity to Brickell, Coral Gables, and the Civic Center, this property offers versatility, appreciation potential, and long-term value in one of Miami’s most resilient neighborhoods.
Investment highlights
- 10,000 SF corner lot (100’ x 100’) with strong redevelopment potential
- Zoned T4-R, permitting up to ±8 units by right
- Live Local Act may allow greater height, density, and reduced parking
- Includes 2-story SFH needing updates plus detached efficiency
- Dual income potential while planning redevelopment
- Excellent urban infill site in fast-growing Little Havana
- Minutes from Brickell, Downtown Miami, and the Civic Center
- Ideal for townhome builders, multifamily developers, or value-add investors
- Strong rental demand and long-term appreciation trends
- Rare opportunity for a flexible development strategy in a prime location
- The main house has a separate unit with kitchen and its own bathroom.
- Separate Structure of about 486 Sq. ft. with 1bd/1ba and its own kitchen.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
