3210 E Elizabeth St, Miami

Welcome to Frow Homestead, located at 3210 E Elizabeth St, Miami FL 33133. This rare development opportunity in the heart of Coconut Grove offers a fully leased, income-producing duplex on a duplex-zoned lot.
The property, built in 1948, is ideal for new construction with conceptual plans available to build two luxury townhomes. Each townhome would be approximately 1,845 SF with 3 bedrooms and 3 bathrooms. Estimated hard cost is around $200/SF with a projected all-in cost per townhome of approximately $1.3M.
Developers will find strong upside potential with resale comps in the $1.6M+ range. The utilities are already at the street, and survey and conceptual plans are available. There is also the possibility of splitting the lot, although buyers should verify this with the city.
This prime location is near parks, shops, schools, and dining, making it an attractive option for those looking to invest in Miami real estate. Don't miss out on this fantastic opportunity.
For more information or to schedule a showing, please contact me at +1 786.468.4380.