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$1,795,000
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Property Description
PRESENTING AN ADVANCED LUXURY DEVELOPMENT OPPORTUNITY CAPITALIZING ON MIAMI'S RESURGENT RIVER DISTRICT AND UNDERPINNED BY PREMIUM T6-8-O ZONING. In the final stretch toward permit-ready approvals, this 12-unit, 7-story boutique condo project, Pandora River offers an architecturally unique infill alternative for developers recognizing the rapid appreciation of the dynamic Miami River District. Offering executional clarity and a defined approval trajectory, bypass the most time-intensive stages and move rapidly toward groundbreaking. Leveraging its strategic position just off West Flagler Street - a primary east-west corridor linking East Little Havana to Downtown Miami - and the underlying T6-8-O high-density zoning profile, the site benefits from immediate connectivity to Brickell, the Miami Riverwalk, major employment nodes, and I-95 exposure exceeding 165,000 vehicles daily. Positioned within a neighborhood experiencing sustained residential and mixed-use reinvestment, Pandora River is designed to introduce modern, efficiently scaled housing into a supply-constrained urban waterfront corridor while capitalizing on both vertical density and long-term district momentum.
Full Property Details
Full Property Details for 566 NW 1st St
General
- Price: $1,795,000
- Taxes: (2024)
- Status: Active
- Type: Commercial Land
- Source: Greater_Miami
- MLS ID: A11980459
- Updated: 3/10/2026
- Added to Site: 26 day(s) ago
Location
- Area: City Of Miami South
- County: Miami-Dade County
- Subdivision: CITY OF MIAMI SOUTH
- Building Name: CITY OF MIAMI SOUTH
Community
- Community Name: City Of Miami South
Utilities
- Sewer: Public Sanitation
- Water: Municipal Water
- Utility Description: No Utilities, None
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Unimproved Multi Family (5+Units)
Lot Features
- Lot Size (Acres): 0.11
- Lot Size (Sq. Ft.): 5,000
- Lot Dimensions: 50 x 100
- Frontage Feet: 50
- Lot Features: City Location, Less Than 1 Acre
- Potential Use: Central Urban
- Zoning: 6100
Financial Considerations
- Tax Year: 2024
Disclosures and Reports
- Legal Description: CITY OF MIAMI SOUTH PB B-41 N100FT OF LOT 10 BLK 10 LOT SIZE 5000 SQUARE FEET
- Property ID: 01-02-01-000-1080
Listed by The Alpha Commercial Advisors LLC
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Schools
Schools serving 566 NW 1st St
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Riverside Elementary Community School 1190 Southwest 2nd Street, Miami, FL 33130 | PK-5 | 0.6 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 2.2 mi |
Booker T. Washington Senior High School 1200 Northwest 6th Avenue, Miami, FL 33136 | 9-12 | 0.8 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 566 NW 1st St
Date
Details
Price
Change
Source
3/10/2026
Listed
$1,795,000
63.18%
MLS
11/10/2022
Sold
$1,100,000
—
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 566 NW 1st St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,556
13%
$886,324
20%
2024
$14,659
9%
$736,777
16%
2023
$13,479
1195%
$637,207
810%
2021
$1,041
-90%
$70,012
-86%
2022
$10,433
902%
$487,636
678%
2021
$1,041
6%
$62,638
2%
2019
$983
2%
$61,230
2%
2018
$961
—
$60,089
2%
2017
$961
-1%
$58,854
2%
2016
$971
-1%
$57,644
1%
2015
$980
-1%
$57,244
1%
2014
$990
—
$56,790
1%
2013
$994
—
$55,951
—
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 566 NW 1st St
566 NW 1st St, Miami, FL 33128 (MLS# A11980459) is a Commercial Land property with a lot size of 0.11 acres. 566 NW 1st St is currently listed for $1,795,000 and was received on March 10, 2026. Want to learn more about 566 NW 1st St? Do you have questions about finding other Commercial Land real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

