211 Menores Ave
Coral Gables, FL 33134
Terrain À vendre · 0,05 ha

ONE Sotheby's International Realty is pleased to offer Villa Menores at 211 Menores Ave - a ±5,500 SF vacant parcel in Coral Gables and a premium infill development opportunity. The property is zoned Multifamily Medium Density (MF2) - a residential district, not mixed use - and allows the as-of-right development of a boutique five-unit residential building in the highly sought-after North Ponce area of Coral Gables.
MF2 supports a maximum build area of 10,850 SF — 1.97x the lot area - across four levels, yielding a 9,000 SF residential net area with spacious 1,800 SF average unit sizes. No rezoning, variance, or special approval is required to reach that program - the site delivers it as of right, which materially reduces both timeline and execution risk for a developer. At market rents of $4,200 per unit per month, the completed five-unit building carries a potential gross annual income of $252,000.
The lot benefits from exceptional walkability and sits mere steps from Miracle Mile, downtown Coral Gables, and major employment hubs. The surrounding submarket is severely supply-constrained, with retail vacancy at just 2.1% and virtually no developable land remaining in the core - conditions that drive heavy demand for the residential density this site can deliver.