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$3,700,000
Est. payment /mo
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision The Royal Gardens
MLS Listing ID A11800423
HOA Y/N No
Annual Tax Amount $12,444
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Residential
Property Description
Almost 13,000 square feet of prime land in a prime downtown Coconut Grove location. From the corner of Franklin + Royal Road, this unique property spans through to Charles Av. Nestled between St. Hugh Church--Coconut Grove Playhouse--and Ransom Everglades. With 2 folios, this presents a rare opportunity to develop an architectural masterpiece with lush landscaping, yet only a 2-minute walk to the Playhouse; or develop two luxury homes. 258' deep x 50' wide over 2 Folios. Franklin contains a duplex with month-to-month tenants paying a total of $4,000/month. Charles Av has a 6-Bedroom, 3 bath home rented at $3,000/month, also month-to-month. Collect rent while you design a generational home. **Several luxury homes are currently being developed on Charles**
Location
State FL
County Miami-dade
Community The Royal Gardens
Area 41
Exterior
Street Surface Paved
Private Pool Yes
Building
Lot Description < 1/4 Acre
Faces Southwest
Others
Tax ID 01-41-21-049-0120
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11800423
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Listed by Republic Real Estate Advisors