Home » Properties » 3737 NW 20th Ct, Miami FL 33142

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Redevelopment Land Opportunity in Miami's Allapattah

Prime 10,000 sqft lot with single-family home in Allapattah, zoned T5-L, within a qualified opportunity and TOD zone.

$1,630,000

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MLS #A11770554

Listing Updated: 2026-06-27 12:28:24

Listed By: RE/MAX 360 Real Estate

Overview

This property at 3737 NW 20th Ct in Miami offers a unique redevelopment opportunity in the Allapattah submarket. Situated on a 10,000 square foot parcel, the lot includes a single-family home currently rented, generating income during the entitlement process. Zoned T5-L, it is eligible for live local development and is located within a Transit-Oriented Development (TOD) zone, enhancing accessibility and urban living potential. Additionally, the property lies within a qualified opportunity zone, making it attractive for strategic redevelopment projects. Proximity to Earlington Station and Wynwood adds to its appeal for future residents and developers.

Property Highlights

10,000 sqft lot in Allapattah; Zoned T5-L for live local development; Located in qualified opportunity and TOD zones; Existing single-family home generating income; Near Earlington Station and Wynwood.

Property Details

City: Miami

State: FL

Zip Code: 33142

Address: 3737 NW 20th Ct, Miami FL 33142

Year Built:

Property Type: Land/Boat Docks

Property Sub Type: Residential

Listing Office Name: RE/MAX 360 Real Estate

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $11,083

Days On Market: 438 Days

Original Listing Description

The offering consists of an outstanding redevelopment opportunity in the Allapattah submarket, located within a qualified opportunity zone: “ALLAPATTAH 42 LIVE LOCAL.” This lot features a single-family home on a 10,000 square foot parcel. This lot is zoned T5-L and is eligible for live local development, as well as being located within a Transit-Oriented Development (TOD) zone. Additionally, the property is situated within a qualified opportunity zone. The home is currently rented, providing income during the entitlement process. Approvals: 42 Units, Site Plan to be Approved/Existing Cash Flow/Within Qualified OZ/Within the TOD Applicable for Live Local/Earlington Station within 2 blocks/West of Wynwood

Property Location

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

3737 NW 20th Ct, Miami FL 33142

About This Neighborhood

Allapattah is an evolving neighborhood in Miami known for its blend of industrial, residential, and commercial uses. Its proximity to Wynwood and downtown Miami makes it attractive for redevelopment and urban living. The area benefits from ongoing infrastructure improvements and transit access, including the nearby Earlington Station. The neighborhood is increasingly popular among developers and residents seeking a balance between city amenities and emerging community character.

Walkability & Lifestyle

The property benefits from its location within a Transit-Oriented Development zone, promoting walkability and easy access to public transportation. Nearby amenities include restaurants, shops, and cultural venues in Wynwood and downtown Miami, all within a short commute. Residents can enjoy a pedestrian-friendly environment with access to parks and recreational spaces, enhancing daily convenience and lifestyle quality.

Things To Do Nearby

Allapattah’s proximity to Wynwood offers vibrant arts and dining scenes, while downtown Miami provides entertainment, shopping, and waterfront activities. Outdoor enthusiasts can explore nearby parks and marinas or engage in boating and fishing. The neighborhood’s location supports a diverse range of leisure options, from cultural experiences to active outdoor pursuits.

Nearby Schools

Allapattah offers access to several public and private schools within reasonable distance, providing educational options for families. The neighborhood’s connectivity to other parts of Miami allows for convenient commutes to schools in adjacent communities. While the property is primarily suited for redevelopment, the area's school infrastructure supports residential living, which is beneficial for future occupants.

Why Buyers Like This Area

Buyers appreciate this property for its strategic location in a rapidly developing neighborhood with strong transit access. The T5-L zoning and qualified opportunity zone status provide flexibility for various redevelopment projects. Its proximity to Wynwood and Earlington Station adds lifestyle and convenience benefits. The existing rental income and potential for future growth make it an appealing option for developers and investors alike.

Investment Potential

This property presents a noteworthy redevelopment opportunity within Miami's Allapattah neighborhood. Being located in a qualified opportunity zone offers potential tax advantages for investors focusing on long-term projects. The T5-L zoning supports live local development, aligning with urban growth trends. Additionally, the property's position in a Transit-Oriented Development zone enhances its appeal, providing convenient access to public transit and encouraging sustainable living. The existing rental income from the single-family home can help offset holding costs during the development approval process.

Market Trends

The Allapattah submarket is experiencing growing interest due to its strategic location near Wynwood and downtown Miami. Demand for residential and mixed-use developments is rising as the neighborhood transforms. Inventory remains limited for large redevelopment parcels, making this property a rare opportunity. Market dynamics favor projects that leverage transit access and zoning flexibility, such as the T5-L designation here. Long-term interest in Allapattah is supported by city planning initiatives focused on urban revitalization.

Rental Income Potential

The existing single-family home on the property is currently rented, providing steady income during the entitlement phase. The location within a Transit-Oriented Development zone and proximity to transit stations increases rental appeal for future tenants. Seasonal and year-round demand in Miami’s housing market supports consistent interest from renters. This setup offers potential to maintain cash flow while planning redevelopment, reducing financial pressure on owners.