5885 SW 56th St
5885 SW 56th St Miami 331555 bedrooms | 5 bathroom | 0 half bath | 8,252 sqft
$15,000,000
Property Details
- MLS #
- A12068686
- Unit #
- Address
- 5885 SW 56TH ST map
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area (f2)
- 8,252
- Living Area (M2)
- 767
- Lot Size (f2)
- 214,315
- Year Built
- 1947
- Waterfront
- Status
- Active
- Listing Type
- Single Family
- Maintenance Fee
- $0
- Complex
- PLAT OF THE W1/2 OF SE1/4
- Days On Market
- 2
- Pool
- Yes
- Pets Allowed
- N/A
- Parking Spaces
- 3
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Property Description
A Rare Trophy Asset: 5-Acre Development Opportunity Near Coral Gables Welcome 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.
Property Amenities
Equipment
- Dryer
- Electric Range
- Electric Water Heater
- Refrigerator
- Washer
Interior Features
- First Floor Entry
- Pantry
- Chandelier To Be Replaced
- Walk-In Closet(s)
- Attic
- Den/Library/Office
- Family Room
- Florida Room
Exterior Features
- Open Balcony
- Tennis Court(s)
Similar Properties
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 19049 SE Robert Drive | $585,000 | 3/2 | 1,826 | 170 | $0 | ||
| 4125 SW 62nd Ave | $639,000 | 4/2 | 1,510 | 140 | $0 | ||
| 6303 SW 43rd St | $660,000 | 3/2 | 1,539 | 143 | $0 | ||
| 5930 SW 44th Ter | $675,000 | 6/2 | 2,138 | 199 | $0 | ||
| 6530 SW 43rd St | $799,000 | 2/2 | 1,304 | 121 | $0 | ||
| 6140 SW 45th St | $950,000 | 4/2 | 1,615 | 150 | $0 | ||
| 5930 SW 48th St | $999,000 | 4/3 | 1,538 | 143 | $0 | ||
| 6133 SW 44th Ter | $1,145,000 | 3/3 | 1,804 | 168 | $0 | ||
| 5766 SW 41st St | $1,250,000 | 5/5 | 3,500 | 325 | $0 | ||
| 5931 SW 46th St | $1,399,900 | 4/3 | 2,208 | 205 | $0 | ||
| 5700 SW 45th Ter | $1,450,000 | 4/3 | 2,574 | 239 | $0 | ||
| 6600 SW 45th St | $1,600,000 | 4/3 | 2,065 | 192 | $0 | ||
| 5400 SW 63rd Ct | $1,700,000 | 4/3 | 2,822 | 262 | $0 | ||
| 6291 SW 50th St | $1,900,000 | 4/3 | 2,475 | 230 | $0 | ||
| 6250 SW 48th St | $2,300,000 | 4/3 | 2,704 | 251 | $0 |
Recent Sales
| Unit # | Closed Date | Sold Price | List Price | Bed | Bath | Living Area | Days on Market |
|---|---|---|---|---|---|---|---|
| 05/15/2026 | $825,000 | $825,000 | 3 | 1 | 1,082 | 3 weeks | |
| 04/29/2026 | $700,000 | $725,000 | 3 | 2 | 1,234 | 6 months | |
| 03/02/2026 | $1,368,000 | $1,495,000 | 3 | 3 | 1,706 | 4 months | |
| 02/24/2026 | $1,735,000 | $1,735,000 | 5 | 3 | 2,980 | 2 months | |
| 02/23/2026 | $1,500,000 | $1,475,000 | 4 | 3 | 2,152 | 1 month |
https://www.collegetownliving.com/ is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked with the IDX logo. Data provided is deemed reliable but not guaranteed. Listing provided by RE/MAX Advance Realty II
Corey Schwartz | Broker Associate | Gravity Real Estate
Gravity Real Estate is an independent real estate brokerage servicing the South Florida real estate community
