Market Conditions in Miami>Question Details

Abhi, Both Buyer and Seller in 33175

Vacant land in Miami

Asked by Abhi, 33175 Sun Mar 9, 2008

Is there any demand for vacant lots right now? I own a 27,000 sq. foot piece of land in the 33175 area. Any chances of selling this the way the market is right now? Should I hold off on selling it? Please advise.

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Answers

8
S.W. 32 St. and 135 ave.
Zip = 33175
0 votes Thank Flag Link Fri Sep 19, 2008
what the address of the 27,000 sq ft vacant land in 33175?
0 votes Thank Flag Link Fri Sep 19, 2008
can a manufactured home be put on this land? Patski51@yahoo.com
0 votes Thank Flag Link Fri Aug 1, 2008
Abhi - as I said before, this is not an area that I work in but I would tell you to contact a REALTOR that specializes in land and will paint a true picture for you. I know there has been a lot of single-family home construction and you may be able to find a buyer looking for a lot to build their own custom house.

As for contractors taking a chance on building a spec home, it may not be the right time. But the location is good, fairly close to hospitals and Dadeland, close to The Turnpike and in an area where people are building big homes on big lots.
0 votes Thank Flag Link Mon Mar 10, 2008
The lot cannot be subdivided. Both homes next door are quite large, about 5,000 sq. feet. One of the homes is on sale for $1.6 million. I want to sell the land and invest in other real-estate downtown, however, I do realize that if I sell now I won't even be able to break even the way the market is. What an unfortunate situation.
0 votes Thank Flag Link Mon Mar 10, 2008
Probably not the time to sell. I looked on Virtual Earth; I see a couple possible lots there, but all look kind of narrow, but deep. Does the lot run street-to-street? Can it be subdivided? The lots in that area are all zoned single family but don't show a minimum lot size (I did not check deeply). As far as selling, with the market being depressed, builders would not be interested unless you could split it in two, or unless the price was so low they could buy and hold. No one seems to be looking for a dream home lot, either, because financing is so tight. If you need to sell, then you need to sell, otherwise, list it at a reasonable price and wait it out, or just wait for 2-3 years, and try again.
Web Reference: http://www.myriamsHomes.com
0 votes Thank Flag Link Mon Mar 10, 2008
It is a single family residential lot on S.W. 32 St. and 135 Ave. There are only a minimal amount of lots this size left I believe. Any input would be appreciated.
0 votes Thank Flag Link Sun Mar 9, 2008
Abhi - 33175 is not an area we work in but can tell you that the demand for land will depend on the zoning, location and land availability. Residential neighborhoods in Miami have a shortage of land, therefore making these more marketable. Can you give more information about the zoning? (Industrial, Commercial, Residential, multi-family)?
Web Reference: http://www.miamism.com
0 votes Thank Flag Link Sun Mar 9, 2008
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