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$578,000
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Property Description
Prime development site in Miami's emerging Magic City corridor. This property offers approved architectural plans for a five-unit multifamily building (two 2BD/1BA and three 2BD/2BA) and has already completed the City of Miami plan review process, allowing the new owner to proceed directly toward permit issuance. The neighborhood continues to transform with a steady influx of new housing and short-term rental projects, driving both demand and property values. Conveniently located minutes from the Design District, Midtown, and Wynwood, this site provides an excellent opportunity for an investor or builder seeking a ready-to-go infill project in a proven growth area.
Full Property Details
Full Property Details for 125 NE 55th St
General
- Price: $578,000
- Taxes: $7,281 (2025)
- Status: Active
- Type: Land Residential
- Source: Greater_Miami
- MLS ID: A11907537
- Updated: 11/9/2025
- Added to Site: 75 day(s) ago
Location
- Area: Tranquilla
- County: Miami-Dade County
- Subdivision: TRANQUILLA
- Building Name: TRANQUILLA
- Direction Faces: South
Community
- Community Name: Tranquilla
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
- Utility Description: No Utilities, Electricity Available, Natural Gas Available, Other, Phone Available, Sewer Available, Trash Removal, Water Available
Structural Information
- Structure Type: Residential
- Detached/Attached: Detached
- Current Bldg. Use: Multi-Family, Other Usage
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.145
- Lot Size (Sq. Ft.): 6,900
- Lot Features: City Location, Near Airport, Cleared, Sidewalk
- Development Status: Recorded Plat
- Trees/Vegetation: Other Trees
- Zoning: 3900
Financial Considerations
- Tax Amount: $7,281
- Tax Year: 2025
- Terms: All Cash
Disclosures and Reports
- Documents Avail.: Plans Available
- Legal Description: TRANQUILLA PB 4-55 LOT 7 BLK 2 LESS S5FT FOR R/W LOT SIZE 6900 SQ FT M/L
- Property ID: 01-31-13-064-0200
Listed by Capital Nest Realty, LLC
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Schools
Schools serving 125 NE 55th St
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Toussaint L'Ouverture Elementary 120 Northeast 59th Street, Miami, FL 33137 | PK-5 | 0.2 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 1.6 mi |
Miami Edison Senior High School 6161 Northwest 5th Court, Miami, FL 33127 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 125 NE 55th St
Date
Details
Price
Change
Source
11/03/2025
Listed
$578,000
31.36%
MLS
2/28/2025
Sold
$440,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 125 NE 55th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,911
15%
$345,000
—
2023
$5,992
57%
$345,000
67%
2021
$3,828
-23%
$207,000
-14%
2022
$4,979
30%
$241,500
35%
2021
$3,828
25%
$178,750
25%
2019
$3,053
67%
$143,000
84%
2018
$1,829
4%
$77,863
-27%
2017
$1,755
25%
$107,250
67%
2016
$1,404
150%
$64,350
299%
2015
$562
45%
$16,132
10%
2014
$387
28%
$14,666
10%
2013
$302
—
$13,333
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 125 NE 55th St
125 NE 55th St, Miami, FL 33137 (MLS# A11907537) is a Land Residential property with a lot size of 0.145 acres. 125 NE 55th St is currently listed for $578,000 and was received on November 03, 2025. Want to learn more about 125 NE 55th St? Do you have questions about finding other Land Residential real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

