$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
- N/A
- Original price
- Unchanged
- Days on market
- 48
This lot in ZIP 33155 went under contract with an asking price of $15,000,000. 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
- 0
- Total Baths
- 0
- Lot Size
- 5 Acres
- Property Type
- Land
- MLS #
- A12068717
- Property Tax
- $28,142 (2025)
- Subdivision
- PLAT OF THE W1/2 OF SE1/4
- County
- Miami Dade
- Status
- Under Contract
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
- Land
- Status
- Under Contract
- Direction Faces
- South
- Lot Size (Acres)
- 5
- Water Source
- Public
- Zoning
- 2300
Exterior Features
- Lot Features
- Corner Lot
Community & HOA
- Community Features
- Near Schools
- Utilities
- Cable Available / Electricity Available / Other / Phone Available / Sewer Available / Trash Collection / Water Available
- Financing Terms
- Cash
- 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
- 9,370
- Under Contract
- 1,779
- Median List Price
- $645,000
- Median Sale Price (September)
- $592,500
- Median $/Sq Ft
- $509
- 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 land 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
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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 $524 per square foot. The most recent closed on October 15, 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$1,350,000
Sold · October 15, 2026
5700 SW 45th Terrace
4 bed · 3 bath · 2,574 sqft · $524/sqft
$100,000 under the asking price
Sold$645,000
Sold · October 15, 2026
6776 SW 22nd Street
4 bed · 3 bath · 2,062 sqft · $313/sqft
$24,000 under the asking price
Sold$185,000
Sold · October 14, 2026
6780 SW 44th Street 1
1 bed · 1 bath · 504 sqft · $367/sqft
$12,000 under the asking price
Sold$1,290,000
Sold · October 13, 2026
6284 SW 26th Street
5 bed · 4 bath · 3,134 sqft · $412/sqft
$69,000 under the asking price
Sold$699,000
Sold · October 13, 2026
6440 SW 35th Street
3 bed · 2 bath · 1,229 sqft · $569/sqft
$999 under the asking price
Sold$1,259,500
Sold · October 13, 2026
2635 SW 64th Avenue
3 bed · 2 bath · 1,718 sqft · $733/sqft
$40,499 under the asking price
See every recorded sale in ZIP 33155 or find out what your ZIP 33155 home is worth.
