1129 SW 3rd Avenue, Miami, FL 33130 (MLS# A12113877)

1129 SW 3rd Avenue, Miami, FL 33130

New Listing

$39,500,000

High-rise commercial structure featuring a contemporary white facade, rhythmic modular fenestration, floor-to-ceiling glass paneling at the podium level, and recessed upper-level terrace

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12113877

Central bar featuring a stone-topped counter with teal tile cladding, a suspended gold-tone metal mesh canopy, floor-to-ceiling glass paneling, terrazzo flooring, and spherical pendant lighting

Floor-to-ceiling slatted wall paneling with integrated vertical accent lighting, metallic elevator doors, and neutral wide-plank flooring

Hallway featuring light wood-finish door frames, recessed ceiling lighting, patterned wall-to-wall carpeting, and wall-mounted metallic sconces

Custom wood-paneled headboard wall with integrated accent lighting, floor-to-ceiling window, built-in wooden nightstands, and wood-finish flooring

Lobby featuring a built-in stone service desk, textured wood-paneled walls, a multi-tiered stone water feature, and a vertical garden wall with integrated recessed ceiling lighting

ALTA/NSPS Land Title Survey. Documenting the property boundaries, legal description, and site dimensions

Aerial Survey Map. Identifying the geographic location of the property within the urban grid

Property Type: Land & Docks Lot Size (sq. ft.): 26,118 Status: Active

Current Price: $39,500,000 List Date: 10/27/2026 Last Modified: 10/28/2026

Overview

Description

Rare dual-path entitled development site in West Brickell — 26,118 SF at 1129 SW 3rd Ave, minutes from Brickell Metromover/Metrorail. OPTION 1 – CITY OF MIAMI: Approved Waiver (with conditions) for a 353-key hotel tower. Density was secured through the purchase of the unused development rights (air rights) of the adjacent self-storage parcel; both parcels are joined by a recorded Covenant in Lieu of Unity of Title (2017), and a 2018 Easement & Operating Agreement reserves all remaining FLR/density of the unified site exclusively to this parcel. Full UDRB set, construction documents (architectural, structural, MEP), renders and prior Embassy Suites/Canopy by Hilton franchise documentation available. OPTION 2 – MIAMI-DADE COUNTY RTZ: Property was added to the Metromover Subzone of the Rapid Transit Zone by Ordinance No. 26-58 (BCC, July 2026), allowing a buyer to pursue County entitlements under Sec. 33C-15: up to 500 units/acre (est. ±299 residential condo units based on net lot ... (Read more)

Listing Details MLS# A12113877

General Property Information

Property Sub Type: Unimproved Land
Lot Size Acres: 0.6
Lot Size Square Feet: 26118
Lot Size Dimensions: 26118
LP/SqFt: 1512.37

Property Features

Comprehensive Plan Use: Other Current Use: Hotel/Motel; Multi-Family; Unimproved Environmental Audit: Phase 1 Location of Property: Central Business District; City Location; Corner Lot; Urban Area Development Possession: Close Of Escrow; Negotiable Sewer: Public Sewer Special Information: City Jurisdiction Utilities: Other Lot Features: Irregular Lot Road Frontage Type: Easement; Public Road Road Responsibility: Public Maintained Road Water Source: Public Showing Requirements: Call Listing Agent; No Appointment; Sign On Property

Contract Information

Comp Sale YN: No
Original List Price: 39500000
Listing Service: Limited Service
LP/Acre: 65943238.73

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1129
Street Direction Prefix: SW
Street Name: 3rd
Street Suffix: Avenue
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33130
Postal Code +4: 4055
Postal Zip: 33130
Subdivision Name: MIAMI HEIGHTS
Area: 2410
Elementary School: Southside Preparatory Academy
High School: Booker T. Washington
Parcel Number: 0141380510260
Subdivision Number: 51
Zoning: 6402
Flood Zone: X

Financial Information

Tax Year: 2025
Tax Annual Amount: 233672
Tax Legal Description: MIAMI HEIGHTS A SUB PB 5-29 LOTS 11 & 12 & LOT 13 LESS W5FT FOR ST & LOTS 14 & 15 BLK 84 LESS EXT AREA OF CURVE IN SW COR & LESS W5FT OF LOT

Status Change Information

Major Change Timestamp: 2026-10-27T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-10-27

More Information

Income and Expenses

Inc/Exp Statement Period: 2026

Price Calculations

Current Price To SqFt: 1513.84

Section Details

Parcel Number MLX: 0260

Originating Details

Originating System Key: 568738238
Originating System ID: M00000151

Listing Office: Habitat Realty LLC

Last Updated: October - 28 - 2026

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