Home » Properties » 3049 NW 5th Ave, Miami FL 33127

47b013f7f972b2ed22b579dee5b5366c_47b013f7f972b2ed22b579dee5b5366c-m1_af6bbd48b50e896e62863a68e895bc4f-83dcefb7

Prime Wynwood Norte Land for Residential Development

Vacant lot zoned for 24 residential units in Miami’s Wynwood Norte, near Wynwood Walls and Midtown.

$1,400,000

Interested in this property?

Contact our team to schedule a private tour or request additional information about this property.

Schedule a Tour Contact Agent

$ Mortgage Calculator ● WhatsApp

Florida Local Time --:--

MLS #A11788309

Listing Updated: 2026-07-10 18:40:17

Listed By: SM Contracting, LLC.

Overview

This vacant land parcel at 3049 NW 5th Ave in Miami’s Wynwood Norte neighborhood presents a rare opportunity for residential development. Zoned for up to 24 units, the property benefits from potential increased height and density under the Live Local Act, allowing for flexible project designs. Located minutes from Wynwood Walls, Midtown, and the Design District, it offers excellent visibility and access to vibrant cultural and commercial hubs. Adjacent owners are considering selling, enabling expansion of the site for larger developments. This lot is ideal for market-rate housing, co-living, or mixed-use projects, making it a versatile option for developers looking to participate in Wynwood Norte’s growth.

Property Highlights

Vacant lot zoned for 24 residential units, potential for increased height and density, prime location near Wynwood Walls and Midtown, adjacent properties available for expansion, flexible development options.

Property Details

City: Miami

State: FL

Zip Code: 33127

Address: 3049 NW 5th Ave, Miami FL 33127

Year Built:

Property Type: Land/Boat Docks

Property Sub Type: Residential

Listing Office Name: SM Contracting, LLC.

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $8,457

Days On Market: 410 Days

Original Listing Description

Rare development opportunity in Miami’s thriving Wynwood Norte neighborhood—this vacant lot is zoned for up to 24 residential units, with the potential for significantly greater height and density under the Live Local Act. Perfectly positioned just minutes from Wynwood Walls, Midtown, and the Design District, the property offers excellent visibility in one of the city’s most dynamic areas. Adjacent property owners have expressed interest in selling, making this an ideal moment to assemble a larger footprint. Whether you're developing market-rate housing, co-living, or a mixed-use concept, this site offers unmatched flexibility and long-term value. Seize the chance to be part of Wynwood Norte’s growth and transform this prime parcel into a standout project.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

3049 NW 5th Ave, Miami FL 33127

About This Neighborhood

Wynwood Norte is a dynamic Miami neighborhood known for its vibrant arts scene, trendy dining, and proximity to key areas like Midtown and the Design District. The community is evolving rapidly, blending creative spaces with residential and commercial developments. This area offers residents and visitors a unique urban experience with easy access to cultural landmarks, shops, and entertainment venues. Its central location and ongoing revitalization make Wynwood Norte a sought-after destination for both living and investment.

Walkability & Lifestyle

Wynwood Norte features a walkable urban environment with numerous restaurants, art galleries, and retail shops within easy reach. Residents enjoy proximity to Wynwood Walls, a popular outdoor art space, as well as nearby parks and waterfront areas. The neighborhood’s pedestrian-friendly streets encourage exploration and support a vibrant street life. Convenient access to public transit and bike lanes further enhances mobility, making daily errands and leisure activities accessible without reliance on a vehicle.

Things To Do Nearby

The Wynwood Norte area offers a rich variety of activities including visiting Wynwood Walls, exploring local galleries, dining at trendy restaurants, and enjoying nightlife venues. Outdoor enthusiasts can take advantage of nearby parks and waterfront spaces for recreation. The neighborhood’s cultural events and festivals add to its dynamic atmosphere. Additionally, proximity to Midtown and the Design District expands options for shopping, entertainment, and socializing, providing a well-rounded lifestyle for residents and visitors alike.

Nearby Schools

Wynwood Norte offers convenient access to several educational institutions within Miami, providing options for families and residents. The neighborhood’s central location allows for reasonable commutes to public and private schools in nearby areas. Educational facilities in the broader Miami area support diverse learning needs and contribute to the community’s appeal for residents seeking quality schooling options. Accessibility to schools complements the neighborhood’s residential development potential.

Why Buyers Like This Area

Buyers appreciate Wynwood Norte for its unique blend of artistic culture, convenient location, and development opportunities. The neighborhood’s accessibility to major Miami districts and its evolving infrastructure make it attractive for both living and investment. The availability of land zoned for residential use with potential for increased density appeals to developers seeking flexibility. Additionally, the vibrant community atmosphere and proximity to amenities contribute to the area’s desirability among a diverse range of buyers.

Investment Potential

This Wynwood Norte lot offers significant development potential with zoning for up to 24 residential units and possible increased density under local regulations. Its location near popular cultural and commercial districts attracts diverse tenants and residents, supporting strong demand for new housing. The possibility to acquire adjacent parcels further enhances the site’s value and flexibility for larger projects. Developers will find this property appealing for a range of residential concepts, including market-rate housing and co-living arrangements, benefiting from the neighborhood’s ongoing growth and revitalization.

Market Trends

The Wynwood Norte real estate market is characterized by strong demand for residential developments, driven by the neighborhood’s popularity and limited available land. Buyers and developers are attracted to the area’s cultural vibrancy and proximity to Miami’s key districts. Inventory remains limited, supporting interest in new projects that can capitalize on the area’s growth. Market conditions favor well-positioned properties with flexible zoning, making this vacant lot a compelling opportunity for developers focused on urban residential projects.

Rental Income Potential

Properties in Wynwood Norte benefit from steady tenant interest due to the neighborhood’s cultural attractions and central location. Rental demand is supported by proximity to employment centers, entertainment, and transit options. This vacant lot’s zoning for multiple residential units suggests potential for diverse rental configurations appealing to various tenant profiles. Seasonal demand and the area’s lifestyle amenities contribute to consistent occupancy rates, making it a viable option for investors considering rental properties in Miami’s evolving urban core.