Aventura Florida Development
Land | 1.55 acres
Marketing description
Marcus and Millichap is pleased to present 2785 Northeast 183rd Street, a premier development opportunity in the exclusive Aventura market. Located at the entrance to Williams Island, this property is just minutes from Aventura Mall, Brightline Station, and South Florida’s beaches, making it a prime site for residential or mixed-use development.
Spanning more that one and a half acres, the property offers ample space for luxury residential units, boutique retail, or hospitality options. Its flexible zoning and proximity to upscale neighborhoods create significant development potential in one of the most affluent areas of South Florida.
The surrounding area is known for modern architecture and high demand for luxury properties, and this is one of the last developable parcels in Aventura with impressive water views. With a high barrier to entry, this site represents a rare opportunity in a market where premium space is highly sought after.
Aventura is one of the most affluent areas in South Florida, showing strong economic growth supported by thriving retail and residential markets. The limited available land in the area enhances the value of this property, which offers a unique chance to capitalize on Aventura’s continued expansion.
The property’s location near key attractions such as the Brightline Station, Aventura Mall, and Williams Island ensures high foot traffic and interest. Additionally, its easy access to major highways makes it highly accessible to downtown Miami, Fort Lauderdale, and Miami International Airport.
With its prime location, ample size, and versatile development potential, 2785 Northeast 183rd Street is an exceptional investment opportunity. This property offers lasting value in a high-demand market with strong long-term growth.
Investment highlights
- 2785 Northeast 183rd Street is strategically located in the exclusive Aventura market, providing an ideal setting for luxury residential or mixed-use development in one of South Florida's most affluent areas.
- The property is positioned near the entrance to Williams Island, benefiting from a prestigious address and offering high visibility, outstanding water views and prime access to one of Aventura's most sought-after locations.
- Spanning more than one and a half acres, the property offers flexible space for a variety of development uses, including luxury residential, boutique retail, or high-end hospitality, allowing for diverse possibilities.
- The site features ample space for modern, upscale development, providing an ideal canvas for a high-impact project that caters to the high demand for premium real estate in this highly desirable area.
- Aventura's high barrier to entry market ensures limited competition and provides a rare opportunity to develop one of the last available parcels in a fully built-out and thriving area, ensuring strong long-term growth potential.
- Conditional use approval in place for 86 units and 26 stories
- Land Price/SF $187.36
- Density 56U/Acre
- Floor Area Ratio (FAR) 4.3
- SELLABLE SF 252,250
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