A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral GablesWelcome to 5885 Miller Rd—a once-in-a-generation real estate offering in the heart of Miami. Situated just blocks from the prestigious limits of Coral Gables, this sweeping 5-acre parcel is one of the last remaining tracts of its size available in the urban core.Boasting an exceptional location surrounded by gorgeous, high-end homes, this property presents an unprecedented canvas for investors and developers. The land’s highest and best use offers immediate value: it can be subdivided right now into five premium 1-acre lots by right. For the forward-thinking developer, the property holds incredible potential for future rezoning and higher-density subdivision through the county system.Currently gracing the grounds is a beautiful, classic estate that offers timeless elegance and immediate utility while development plans are finalized.Property Highlights:The Canvas: 5 sprawling acres of pristine, level land.Development Potential: Prime for immediate subdivision into five 1-acre estates, with strategic avenues for future high-density rezoning.The Estate: A classic, beautifully maintained existing residence on-site.Strategic Location: Unbeatable proximity to Coral Gables, top-tier schools, and Miami's best dining and retail.Flood Zone X: High and dry—no flood insurance required.This is more than a piece of land; it is a legacy investment.
Equipment:
- Electric Water Heater
- Dryer
- Electric Range
- Refrigerator
- Washer
Interior Features:
- Pantry
- Walk-In Closet(s)
Exterior Features:
- Awning(s)
- Tennis Court(s)
- Balcony
- Fenced
View:
- Garden
- Pool
Financial Information:
- Taxes: $29,314.00
- Tax Year: 2025
School Information:
- Elementary School: David Fairchild
- Middle School: South Miami
- Junior High: South Miami
- High School: South Miami
Additional Information:
- MLS Area: 2400
- Total Square Footage: 8,708
- Price per Square Feet: $1,817.74
- Total Rooms: 4
- Total Floors: 2
- Water: Public
- Construction: Cbs
- Date Listed: 2026-08-12 00:00:00
- Pool: Y
- Pool Description: In Ground
- Private Spa: N
- Furnished: Unfurnished
- Parking: Circular Driveway, Rv Access/Parking, Garage, Detached Garage, Detached, Boat
- Garage Description: N
- Garage Spaces: 3
- Attached Garage: N
- Flooring: Carpet, Wood
- Roof: Shingle
- Heating: Central
- Cooling: Central Air
- Fireplace: N
- 55+ Community: N
- Pets: Yes
- Restrictions: No Restrictions
- Sewer: Public Sewer
- Parcel ID: 3040240000940
Listing Courtesy Of: Re/Max Advance Realty Ii
ileana@ileanasellsmiami.com
ileana@ileanasellsmiami.com