5900 NE 5TH AVE

HUGE PRICE DROP! ENORMOUS OPPORTUNITY FOR THE RIGHT BUYER!! Motivated seller of this assemblage of Bayshore lots; price just reduced. Three lots, totaling ½ an acre, on the corner of 59th St. & 5th Ave in rapidly changing BayShore. On site is a 100-year-old home spanning 5409 sf. New kitchen & appliances & bathroom. A grand home w/ richly appointed generous rooms. Owned by a prominent Miami family for over 75 years. Presently zoned as single family residential, the property is surrounded by single & multi-family and commercially zoned lots. City has signaled willingness to relax use restrictions. Just off Biscayne, this area is undergoing dynamic changes. Nearby listing of property one half this size presently listed for nearly $7M. Property could become a stand out stunning estate home in the center of it all, or be the site of high end multi-unit residential development. The potential here is unrivaled... Seller is motivated. Contact Agent. See property. Make an offer.