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$6,000,000
Est. payment /mo
0.72 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Snapper Creek Oaks
MLS Listing ID A12102976
HOA Y/N No
Annual Tax Amount $58,606
Tax Year 2025
Lot Size 0.720 Acres
Acres 0.72
Property Sub-Type Residential
Property Description
Set on a 31,272 SF (0.72-acre) corner lot in the exclusive, gated Banyan Drive neighborhood of Coral Gables, within the Snapper Creek Oaks subdivision and near prestigious Ponce-Davis. An intimate enclave of approximately 50 properties, Banyan Drive is experiencing a significant wave of luxury redevelopment, with 7 newly constructed estates since 2019 and at least 7 additional homes under development. This oversized corner lot, measuring approximately 224' x 141', offers the opportunity to build a custom luxury estate. Conceptual plans by Castillo Architecture & Planning envision a spectacular two-story residence with approximately 11,322 SF A/C and 13,268 SF total area, featuring 6 bedrooms plus staff quarters, home office, gym, home theater, game room, expansive entertaining areas, resort-style pool, and 3-car garage. The existing residence is livable and offers potential rental income while planning future development. Ideally located near South Miami, Coconut Grove, and Pinecrest.
Renderings and plans are conceptual only and have not been submitted to or approved by the City of Coral Gables or Miami-Dade County. Buyer must independently verify zoning, development, permitting and approval requirements, as well as the status and transferability of existing permits.
Renderings and plans are conceptual only and have not been submitted to or approved by the City of Coral Gables or Miami-Dade County. Buyer must independently verify zoning, development, permitting and approval requirements, as well as the status and transferability of existing permits.
Location
State FL
County Miami-dade
Community Snapper Creek Oaks
Area 51
Zoning 0100
Exterior
Community Features Gated
Street Surface Paved
Private Pool Yes
Building
Lot Description Corner Lot
Faces North
Sewer Septic Tank
Others
Restrictions Subdivision Restrictions
Tax ID 03-51-06-020-0010
Security Features Gated Community
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12102976
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Listed by BHHS EWM Realty
NEARBY SCHOOL & BUSINESS
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