The Porosoff Group presents an exceptional opportunity nestled along the vibrant Miami River. This unparalleled property comprises three seamlessly connected lots, boasting an expansive 1.77 acres of prime real estate in the heart of Miami, Florida.
Currently holding site plan approval, this remarkable expanse is poised for the development of 40 opulent luxury townhomes, designed to exemplify modern elegance. Complementing this offering are 14 existing fifty-foot boat slips, elevating the allure of waterfront living and fostering a unique lifestyle experience.
Situated in an area teeming with growth, the Miami River has become a hub for dynamic mega-developments, positioning “Miami River Cove” as a centerpiece of this thriving landscape. Prominently located just moments away from the bustling Miami “River Landing,” its strategic proximity to the JMH- UM Medical & Employment hub, Miami International Airport, and the forthcoming Miami Freedom Park Stadium – set to host the prestigious 2026 FIFA World Cup – enhances its desirability and investment potential.
This visionary redevelopment project promises an unparalleled point of distinction, envisioned to redefine luxury living in the form of modern townhomes, complemented by fifty-foot docks that capitalize on the allure of the Miami River’s scenic beauty. This offering stands as a testament to the evolution of this coveted locale and presents an exceptional prospect for investors seeking to be at the forefront of Miami’s burgeoning real estate landscape.
-1.77 Acre Lot between 3 folios
-$25,000,000 asking price
-Site plan approval for 40 luxury townhomes to be developed
-T4-R zoning
-Projected total project costs including land acquisition & construction – $54,179,447
-Estimated sellout $77,600,000 for an estimated profit $23,420,553
CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379
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