$500,000
PRIME DEVELOPMENT OPPORTUNITY IN THE HEART OF MIAMI! Offered at $500,000, this approximately 3,000 SF vacant lot at 1646 NW 1st Ct, Miami, FL 33136, is zoned T3-O and presents an exciting opportunity for builders, developers, and investors. The property may qualify for the City of Miami's proposed Cottage Housing development provisions, reviewed by the Planning, Zoning and Appeals Board (PZAB), potentially allowing innovative residential development on a smaller urban lot, subject to applicable requirements and City approvals. Strategically located near Downtown Miami, Wynwood, Brickell, major transportation corridors, and growing employment centers. Excellent opportunity to capitalize on Miami's continued urban growth and housing demand. Buyer and buyer's agent to verify all zoning regulations, cottage housing eligibility, allowable density, permitted uses, and development requirements directly with the City of Miami. Bring your vision and unlock the potential of this centrally located property!
The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.
How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.
Scope: ZIP codes 33127, 33136, 33142 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.
Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.
7.4% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 15, 2026.
Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.
Douglas Elliman
Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.
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