Property Overview

Nestled within Miami’s Upper Eastside corridor, this 5,000 sq ft parcel hosts a classic 2-bedroom residence—livable now, strategic later. Its T5-O zoning quietly expands its future: allowing office, live-work, or multifamily uses under Miami 21. The area surrounding NE 83rd Street continues to evolve with mixed-use and boutique developments, reflecting a measured but steady rise in land value.

Market Indicators

Recent activity supports pricing between $880K – $950K for continued single-family use and up to ≈ $1.0M when viewed as an assemblage or zoning-advantaged site.

Zoning Highlights

• T5-O permits mixed-use and multifamily with moderate height allowances.
• May qualify for Live Local Act density or height bonuses when part of an eligible project.
• Parcel dimensions (50′ × 100′) are efficient for small infill development.
• Ideal for a live-work concept, boutique office, or small apartment building (subject to city review).

Investment Perspective

This property appeals to two buyer types — those seeking a solid residence near Biscayne Boulevard and those positioning for the next phase of Miami’s infill expansion. With comparable development land along NE 2nd Avenue trading in the $80–$120 per land SF range, 140 NE 83rd Street offers a realistic entry point without speculative overreach.

Key Takeaway

A practical holding with zoning flexibility — livable today, valuable tomorrow. It bridges the line between home and future project, in one of Miami’s most organically transforming neighborhoods.