$15,000,000
5885 SW 56th Street
PLAT OF THE W1/2 OF SE1/4
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- Asking price
- $15,000,000
- Price per sq ft
- $1,818
- Original price
- Unchanged
- Days on market
- 48
This 5-bedroom single-family home in ZIP 33155 went under contract with an asking price of $15,000,000, or $1,818 per square foot. It spent 48 days on the market before going under contract.
Estimated monthly payment
$78,831 /mo
Principal and interest only, based on $3,000,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $15,000,000
- Days on Site
- 48 Days
- Bedrooms
- 5
- Total Baths
- 5
- Full Baths
- 5
- Partial Baths
- 0
- Living Area
- 8,252 sqft
- Total Sq Ft
- 8,708 sqft
- Lot Size
- 4.92 Acres
- Year Built
- 1947
- Property Type
- Single Family
- MLS #
- A12068686
- Property Tax
- $29,314 (2025)
- Subdivision
- PLAT OF THE W1/2 OF SE1/4
- County
- Miami Dade
- Status
- Under Contract
- Special Conditions
- Listed As Is
About This Property
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.
MLS media linkGeneral Features
- Property Type
- Single Family
- Status
- Under Contract
- Year Built
- 1947
- Property Condition
- Resale
- Number of Stories
- 2
- Levels
- Two
- Garage Spaces
- 3
- Parking
- Boat / Circular Driveway / Detached / Garage / Rv Access Parking
- Direction Faces
- South
- Lot Size (Acres)
- 4.92
- Living Sq Ft
- 8,252
- Total Sq Ft
- 8,708
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 2300
Interior Features
- Appliances
- Dryer / Electric Range / Electric Water Heater / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Carpet / Wood
- Interior Features
- Breakfast Area / Bathtub / Dining Area / Separate Formal Dining Room / Pantry / Sitting Area In Primary / Soaking Tub / Separate Shower / Walk In Closets
- Total Rooms
- 4
- Furnished
- Unfurnished
Exterior Features
- Construction
- Block
- Roof
- Shingle
- Exterior Features
- Awnings / Balcony / Outdoor Living Area / Tennis Courts
- Private Pool
- Yes
- Pool Features
- In Ground
- Patio & Porch
- Open / Balcony
- View
- Garden / Pool
Community & HOA
- Association Amenities
- None
- Pets Allowed
- Yes
- Financing Terms
- Cash
- Restrictions
- No Restrictions
- MLS Area
- 2400
Schools
- Elementary School
- David Fairchild
- Middle School
- South Miami
- High School
- South Miami
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 9,429
- Under Contract
- 1,774
- Median List Price
- $641,990
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $508
- Avg Days on Market
- 144
Frequently Asked Questions
- How do I schedule a tour of 5885 SW 56th Street, Miami, FL 33155?
- Use the Tour button on this listing to request a showing of 5885 SW 56th Street, Miami, FL 33155. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 5885 SW 56th Street, Miami, FL 33155 still available?
- 5885 SW 56th Street, Miami, FL 33155 is currently listed as Under Contract, and has been on the market 48 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 5885 SW 56th Street, Miami, FL 33155?
- With 20% down ($3,000,000) on the $15,000,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5885 SW 56th Street, Miami, FL 33155 is about $78,831/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 5885 SW 56th Street, Miami, FL 33155?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5885 SW 56th Street, Miami, FL 33155. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 5885 SW 56th Street, Miami, FL 33155?
- 5885 SW 56th Street, Miami, FL 33155 is zoned for David Fairchild (elementary), South Miami (middle), South Miami (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 5885 SW 56th Street, Miami, FL 33155?
- Often, yes. The right offer on 5885 SW 56th Street, Miami, FL 33155 depends on how it's priced against comparable single family sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of RE/MAX Advance Realty II
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated August 30, 2026.
$15,000,000
Interested in This Property?
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Listed by Ileana Rodriguez, RE/MAX Advance Realty II
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Recent Sales
Recently sold homes in ZIP 33155
These are the last 6 recorded closings in ZIP 33155, with the price each home actually sold for rather than what it was listed at. They closed at a median of $432 per square foot. The most recent closed on October 7, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$550,000
Sold · October 7, 2026
7120 SW 21st Street
2 bed · 1 bath · 960 sqft · $573/sqft
$30,000 under the asking price
Sold$740,000
Sold · October 5, 2026
7340 SW 18th St Road
3 bed · 3 bath · 1,713 sqft · $432/sqft
$9,900 under the asking price
Sold$975,000
Sold · October 2, 2026
6430 SW 21 Street
4 bed · 3 bath · 1,759 sqft · $554/sqft
Sold$1,200,000
Sold · October 1, 2026
2825 SW 79th Court
3 bed · 3 bath · 3,434 sqft · $349/sqft
$50,000 under the asking price
Sold$1,330,000
Sold · September 30, 2026
3135 SW 80th Avenue
6 bed · 4 bath · 4,203 sqft · $316/sqft
$69,000 under the asking price
Sold$395,000
Sold · September 29, 2026
6861 SW 44th Street 202
2 bed · 2 bath · 989 sqft · $399/sqft
$4,900 under the asking price
See every recorded sale in ZIP 33155 or find out what your ZIP 33155 home is worth.
