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$1,550,000
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Property Description
Prime income-producing development site minutes from the Design District, Wynwood, Midtown, Downtown, and Brickell. 7,250 sqft T5-L zoned lot allowing up to 25 residential units plus retail or mixed-use development with no parking required under current Miami 21 zoning. Developers can build up to 5 stories with minimal setbacks, maximizing the site's full potential. Existing duplex (4 bed / 2 bath / 2,322 sqft) can generate income while plans and permits are prepared - ideal for investors seeking both immediate cash flow and long-term appreciation. The neighborhood is rapidly transforming, with brand-new luxury apartment projects on nearly every corner, making this a rare opportunity in one of Miami's most desirable growth corridors
Full Property Details
Full Property Details for 3421 NW 5th Ave
General
- Price: $1,550,000
- Taxes: $8,338 (2025)
- Status: Active
- Type: Land Residential
- Source: Greater_Miami
- MLS ID: A11926962
- Updated: 12/8/2025
- Added to Site: 72 day(s) ago
Location
- Area: Northern Blvd Track
- County: Miami-Dade County
- Subdivision: NORTHERN BLVD TRACK
- Building Name: NORTHERN BLVD TRACK
- Direction Faces: Northwest
Community
- Community Name: Northern Blvd Track
Structural Information
- Structure Type: Residential
- Detached/Attached: Detached
- Current Bldg. Use: Multi-Family, Other Usage
Additional Structures
- Other Structures: Well Kept
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,250
- Lot Features: Filled, Sidewalk
- Development Status: Undeveloped
- Trees/Vegetation: Mango, Other Trees
- Zoning: 6107
Financial Considerations
- Tax Amount: $8,338
- Tax Year: 2025
- Terms: All Cash, Conventional
Disclosures and Reports
- Legal Description: NORTHERN BLVD TR PB 2-29 LOT 12 BLK 2 LOT SIZE 50.000 X 145 OR 15591-2221 0792 4
- Property ID: 01-31-25-024-0290
Listed by Florida Realty of Miami Corp
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Schools
Schools serving 3421 NW 5th Ave
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Eneida M. Hartner Elementary School 401 Northwest 29th Street, Miami, FL 33127 | PK-5 | 0.3 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 0.2 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3421 NW 5th Ave
Date
Details
Price
Change
Source
11/06/2025
Listed
$1,550,000
—
MLS
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 3421 NW 5th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,123
1%
$414,293
3%
2023
$8,065
15%
$402,227
20%
2021
$7,006
-12%
$335,744
-14%
2022
$7,944
13%
$390,512
18%
2021
$7,006
3%
$331,109
2%
2019
$6,780
13%
$323,665
29%
2018
$6,021
173%
$251,165
80%
2017
$2,202
2%
$139,730
57%
2016
$2,152
2%
$89,115
7%
2015
$2,104
27%
$83,370
7%
2014
$1,659
11%
$78,103
7%
2013
$1,499
—
$73,108
—
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 3421 NW 5th Ave
3421 NW 5th Ave, Miami, FL 33127 (MLS# A11926962) is a Land Residential property with a lot size of 0.17 acres. 3421 NW 5th Ave is currently listed for $1,550,000 and was received on November 06, 2025. Want to learn more about 3421 NW 5th Ave? 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.

