Buildable Duplex-Zoned Lot — Perfect for Two Luxury Townhomes
Currently a fully-leased, income producing property.
List price: $1,859,000 total
• Works out to ˜ $929,500 per side / per future townhouse lot
Concept: Construct two 1,845 sq ft townhomes (each 3 bed / 3 bath, for example)
Estimated hard-cost budget:
• $200 per sq ft × 1,845 sq ft = $369,000 build cost per home
Projected all-in cost per townhouse:
• Land share — $929,500
• Build cost — $369,000
• ˜$1,298,500 total per finished home (before soft costs, financing, or profit)
Opportunity snapshot:
• Rare duplex zoning lets you split the lot and capture two premium units in a high-demand neighborhood.
• At today’s resale values, finished product pricing north of $1.6M leaves room for attractive developer margins.
• Utilities at the street; survey and conceptual plans available upon request.
Unlock the full potential of this site—create two modern townhomes and maximize returns on a single acquisition.
For sale by owner
Street View
Price increase: $36K (4/30)
$1,895,000
3210 Elizabeth St, Miami, FL 33133
4beds
1,365sqft
Est.:
MultiFamily
Built in 1948
-- sqft lot
$1,007,800 Zestimate®
$1,388/sqft
$374/mo HOA
Overview
- 15 days
- on Zillow |
- 603 |
- 13 |
Listed by:
(703) 662-1062
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Interior area
- Total interior livable area: 1,365 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 6,011 Square Feet
Details
- Parcel number: 0141210070240
Construction
Type & style
- Home type: MultiFamily
Materials
- concrete
- Roof: Other
Condition
- New construction: No
- Year built: 1948
Community & HOA
HOA
- Has HOA: Yes
- HOA fee: $374 monthly
Location
- Region: Miami
Financial & listing details
- Price per square foot: $1,388/sqft
- Tax assessed value: $932,316
- Annual tax amount: $14,098
- Date on market: 4/27/2025
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