Rare dual-path entitled development site in West Brickell — 26,118 SF at 1129 SW 3rd Ave, minutes from Brickell Metromover/Metrorail.
OPTION 1 – CITY OF MIAMI: Approved Waiver (with conditions) for a 353-key hotel tower. Density was secured through the purchase of the unused development rights (air rights) of the adjacent self-storage parcel; both parcels are joined by a recorded Covenant in Lieu of Unity of Title (2017), and a 2018 Easement & Operating Agreement reserves all remaining FLR/density of the unified site exclusively to this parcel. Full UDRB set, construction documents (architectural, structural, MEP), renders and prior Embassy Suites/Canopy by Hilton franchise documentation available.
OPTION 2 – MIAMI-DADE COUNTY RTZ: Property was added to the Metromover Subzone of the Rapid Transit Zone by Ordinance No. 26-58 (BCC, July 2026), allowing a buyer to pursue County entitlements under Sec. 33C-15: up to 500 units/acre (est. ±299 residential condo units based on net lot area; final count per gross acreage), reduced parking requirements, height per MIA airspace. Requires BCC Initial Review (special exception) to be filed within 2 years of inclusion. Buyer to verify all entitlements, conditions and expiration dates. Data room available upon signed NDA. Contact listing agent.
OPTION 1 – CITY OF MIAMI: Approved Waiver (with conditions) for a 353-key hotel tower. Density was secured through the purchase of the unused development rights (air rights) of the adjacent self-storage parcel; both parcels are joined by a recorded Covenant in Lieu of Unity of Title (2017), and a 2018 Easement & Operating Agreement reserves all remaining FLR/density of the unified site exclusively to this parcel. Full UDRB set, construction documents (architectural, structural, MEP), renders and prior Embassy Suites/Canopy by Hilton franchise documentation available.
OPTION 2 – MIAMI-DADE COUNTY RTZ: Property was added to the Metromover Subzone of the Rapid Transit Zone by Ordinance No. 26-58 (BCC, July 2026), allowing a buyer to pursue County entitlements under Sec. 33C-15: up to 500 units/acre (est. ±299 residential condo units based on net lot area; final count per gross acreage), reduced parking requirements, height per MIA airspace. Requires BCC Initial Review (special exception) to be filed within 2 years of inclusion. Buyer to verify all entitlements, conditions and expiration dates. Data room available upon signed NDA. Contact listing agent.
Property Details
Price:
$39,500,000
MLS #:
A12113877
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subdivision:
MIAMI HEIGHTS
Neighborhood:
miamiheights
Listed Date:
Oct 27, 2026
Lot Size:
26,118 sqft / 0.60 acres (approx)
See this Listing
Schools
Interior
Exterior
Lot Features
Central Business District, City Location, Corner Lot, Urban Area Development, Irregular Lot, Less Than 1 Acre
Financial
Tax Year
2025
Taxes
$233,672
Map
Community
- Address1129 SW 3rd Ave Miami FL
- SubdivisionMIAMI HEIGHTS
- CityMiami
- CountyMiami-Dade County
- Zip Code33130
Market Summary
Current real estate data for Single Family in Miami as of Nov 01, 2026
3,389
Single Family Listed
133
Avg DOM
566
Avg $ / SqFt
$1,653,942
Avg List Price
Property Summary
- Located in the MIAMI HEIGHTS subdivision, 1129 SW 3rd Ave Miami FL is a Single Family for sale in Miami, FL, 33130. It is listed for $39,500,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space.The average price per square foot for Single Family listings in Miami is $566. The average listing price for Single Family in Miami is $1,653,942. To schedule a showing of MLS#a12113877 at 1129 SW 3rd Ave in Miami, FL, contact your CENTURY 21 Carioti agent at 2392986550.
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