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Presented by
Kristen Foster |
676 SW 1st St, Miami, FL, 33130 | $1,299,999
Exceptional development opportunity in one of Miami’s most explosive growth corridors just minutes from Brickell, Downtown, and major employment hubs. This offering consists of two contiguous parcels totaling approximately 9, 500 square feet, including a highly visible corner lot plus the adjacent rear parcel, creating a rare assemblage opportunity in a rapidly transforming neighborhood.
Both lots are zoned T6 12 O, allowing for high density residential, mixed use, or full commercial development. The zoning supports multifamily projects, residential over retail concepts, boutique mixed use buildings, or income producing commercial configurations that align perfectly with the area’s urban expansion and demand.
The properties are currently owner occupied and not leased, offering a clean slate for immediate redevelopment, while still allowing for short term rental or income strategies if desired. Surrounded by active construction, new multifamily projects, and strong rental absorption, this location sits directly in the path of progress.
Opportunities with this zoning, scale, and proximity to Brickell are becoming extremely scarce. This is a true buy and build asset in a high velocity market, ideal for developers and investors seeking strong appreciation, flexible exit strategies, and long term value creation.
Features
- Zoning: 6110 Res/Commercial
- Lot Desc: < 1/4 Acre
- MLS#: A11710626
- Days on Market: 453 days
- Website: https://www.raveis.com
/prop/A11710626/676sw1stst_miami_fl?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Kristen FosterLuxury Properties Specialist
978.618.3154
Kristen.Foster@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 38342
978.314.1072
Joanne.OKeefe@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Jennifer HartRegional Sales Manager, William Raveis Insurance
978.457.6220
Jennifer.Hart@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
676 SW 1st St, Miami, FL, 33130
$1,299,999
Kristen Foster
Luxury Properties Specialist
William Raveis Real Estate
Phone: 978.618.3154
Kristen.Foster@raveis.com
Joanne O'Keefe
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
NMLS Mortgage Loan Originator ID 38342
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,039,999 | $1,039,999 | $1,039,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.375% | 6.203% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $6,152 | $6,403 | $8,776 |
| Total Monthly Payment | $6,277 | $6,528 | $8,901 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388