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$550,000
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Property Description
Unmatched development opportunity on a prime 5,000 SQ FT lot (50ft X 100ft) zoned T4L; Build up to 3 stories with a baseline density allowing a sleek 4-unit luxury townhome pack or rental building to capture skyrocketing local rents.Luxury Single-Family + ADU: Design a modern urban estate with a legal ancillary dwelling unit (ADU) for immediate secondary income or multi-generational living.Tap into Little Havana's booming tourism market. Perfect for a curated boutique hotel or an "Apartment-Hotel" concept optimized for Airbnb/short-term rental income. This lot is positioned strategically just off the world famous calle ocho (8th Street), approximately 3 minutes from Brickell, 5 minutes from I-95, and with immediate access to the 836 Dolphin Expressway. The property is also just a few blocks from LoanDepot Park (Marlins Stadium), placing it within one of Miami's most connected and rapidly evolving urban neighborhoods. Little Havana continues to see strong residential demand due to its proximity to Brickell, Downtown, and major transit corridors - making this an ideal development opportunity for building and selling or longterm hold strategy.
Full Property Details
Full Property Details for 1568 SW 5th St
General
- Price: $550,000
- Taxes: $8,103 (2025)
- Status: Active
- Type: Land Residential
- Source: Greater_Miami
- MLS ID: A12022548
- Updated: 5/20/2026
- Added to Site: 30 day(s) ago
Location
- Area: Lawrence Estates Land Cos
- County: Miami-Dade County
- Subdivision: LAWRENCE ESTATES LAND COS
- Building Name: LAWRENCE ESTATES LAND COS
- Direction Faces: North
Community
- Community Name: Lawrence Estates Land Cos
Structural Information
- Structure Type: Residential
- Detached/Attached: Detached
- Current Bldg. Use: Multi-Family, Other Usage
Additional Structures
- Other Structures: None, Run Down
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 5,000
- Lot Features: Fenced
- Development Status: Other
- Trees/Vegetation: No Trees
- Zoning: 3901
- Fencing (Description): Fenced
Financial Considerations
- Tax Amount: $8,103
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Legal Description: LAWRENCE ESTATES LAND COS SUB PB 2-46 N100FT OF LOT 9 BLK 95 LOT SIZE 5000 SQUARE FEET COURT ORDER 97-1442CP01 0797 3 OR 18708-0241 0799 1
- Property ID: 01-41-02-006-4890
Listed by Fausto Commercial Realty Consultants Inc
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Schools
Schools serving 1568 SW 5th St
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Riverside Elementary Community School 1190 Southwest 2nd Street, Miami, FL 33130 | PK-5 | 0.5 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 2.8 mi |
Booker T. Washington Senior High School 1200 Northwest 6th Avenue, Miami, FL 33136 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1568 SW 5th St
Date
Details
Price
Change
Source
5/20/2026
Listed
$550,000
61.76%
MLS
9/22/2022
Sold
$340,000
—
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 1568 SW 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,354
8%
$369,134
-15%
2024
$7,753
17%
$434,143
13%
2023
$6,651
19%
$384,284
28%
2021
$5,601
—
$300,484
6%
2022
$5,625
—
$283,831
13%
2021
$5,601
18%
$250,625
39%
2019
$4,739
13%
$180,793
10%
2018
$4,190
8%
$164,358
-16%
2017
$3,864
14%
$194,976
41%
2016
$3,403
1%
$138,195
10%
2015
$3,353
9%
$125,632
10%
2014
$3,079
13%
$114,211
10%
2013
$2,732
—
$103,829
—
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 1568 SW 5th St
1568 SW 5th St, Miami, FL 33135 (MLS# A12022548) is a Land Residential property with a lot size of 0.11 acres. 1568 SW 5th St is currently listed for $550,000 and was received on May 20, 2026. Want to learn more about 1568 SW 5th St? Do you have questions about finding other Land Residential real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.

