For saleDock reportedVirtual tour
$14,900,000
0.53 acres
Ocean or gulf · Bay, harbor, inlet or soundDirect parcel frontage
586 Sabal Palm RdMiami, FL 33137
Land and lots · MLS 11395405
Listing courtesy of Compass Florida, LLC · MyStateMLS
For saleReduced $1,000,000 from $15,988,000Virtual tour
$14,988,000
0.87 acres
1132 Ne 84th StMiami, FL 33138
Land and lots · MLS 11872808 · Listed 116 days ago (Jul 6, 2026)
Ocean or gulf · Bay, harbor, inlet or sound · Direct parcel frontage · Waterfront details
For sale: Listed and available according to the MyStateMLS feed.
About this land
One of Miami's most exceptional waterfront land opportunities, 1132 NE 84th Street*offers approximately 37,826 square feet (0.87 acres) with an extraordinary 400 feet of direct Biscayne Bay frontage. Large bay front parcels of this size are rarely available, making this a true trophy property with exceptional long-term value. The property offers the potential for subdivision into three, and possibly four, luxury waterfront homesites, subject to buyer verification, zoning, and municipal approvals. There is also the potential to reclaim additional land, increasing the property lot size from approximately 37,826 square feet to more than 41,000 square feet, subject to all required approvals and buyer due diligence. Seawall permits have already been approved and are included with the property. Surrounded by multi-million-dollar waterfront estates and ongoing luxury redevelopment, this prime location is just minutes from the Design District, Wynwood, Downtown Miami, Miami Beach, Bal Harbour, and major airports. Whether envisioned as a landmark private estate, a family compound, or a luxury residential development, this is a rare opportunity to acquire one of the largest and most significant residential waterfront properties available in Miami.
Description provided by the listing brokerage.
MLS-reported waterfront
Waterfront details
The listing represents the offered parcel itself as adjoining the water. This is what the listing reports, not a survey or a title finding.
- Relationship to the water
- Direct parcel frontage
- Water type
- Ocean or gulf, Bay, harbor, inlet or sound
- Water body
- Not provided. Ask the listing agent.
- Frontage length
- Not provided. Ask the listing agent.
- Water access arrangement
- Not provided. Ask the listing agent.
- Docks, slips, lifts, moorings
- Not provided. Ask the listing agent.
- Dock depth
- Not provided. Ask the listing agent.
- Shoreline
- Not provided. Ask the listing agent.
- Seasonal or tidal conditions
- Not provided. Ask the listing agent.
- Boating limits (bridges, depth, open-water access)
- Not provided. Ask the listing agent.
Why this is listed as waterfront
WaterfrontYN“Yes”: The listing is marked waterfront.WaterfrontFeatures“Ocean Front, Bay”: Includes a "… Front" value describing frontage.PropertyTypeDetail“land”: Property form used to read the frontage relationship.
Classified from fields in the MyStateMLS listing data. It has not been independently verified, and it is not a survey, title examination or legal determination of shoreline or access rights. Rules version 2026-10-29.1. How we classify waterfront
Something wrong with this classification? Report a waterfront classification issue. Questions about frontage, docks or access are best answered by Compass Florida, LLC.
Facts
- List price
- $14,988,000
- Original list price
- $15,988,000
- Status
- For sale
- Property type
- Land and lots
- Lot size
- 0.87 acres (37,826 sq ft)
- County
- Miami-Dade County
- MLS number
- 11872808
- Annual property tax (2025)
- $88,506
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them.
Virtual tours
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or shoreline, and no flood, wetland or hazard conclusion should be drawn from it. See more listings in Miami.
Price and status history
- Original list price reported by the brokerage: $15,988,000
Changes observed by Waterfront Homes in MyStateMLS data since Oct 29, 2026. This is not a public-record sales history; MyStateMLS does not publish sold prices.
Estimate a monthly payment
$2,997,600
Illustrative. Replace with a quote from your lender.
From the listing (tax year 2025). Taxes can change after a sale.
Get a quote; rates vary widely by location.
Manufactured homes on a leased lot.
Applied only while the loan is over 80% of the price. Illustrative.
Estimated monthly payment
$87,534 per month
Principal and interest$75,787
Property tax$7,376
Homeowners insurance$4,371
Loan amount$11,990,400
Total interest over the term$15,293,094
An estimate for comparison only, not a loan offer or approval. Actual rates, taxes, insurance, PMI and fees depend on your lender, credit, location and loan program.
Similar waterfront listings nearby
Waterfront listings of the same property type and water type in Miami, priced within 25% of this listing ($11,241,000 to $18,735,000), newest first. Each one passes the same waterfront rules. See all matches
Questions to ask before you buy
Questions worth investigating for any waterfront property. They are not claims that this property has a problem or meets any condition.
- Who owns the shoreline and the land under the water, and are there easements or public-access rights along it?Ownership can stop at a high-water line, a survey line or a seawall. A title search and survey answer this, not the listing.
- Is a dock, slip, lift or mooring included, and do the rights transfer to you?Docks can be shared, leased, assigned by an association or held under a permit that does not automatically transfer.
- What permits exist for the dock, seawall or other shoreline structures, and what would new work require?Shoreline work is often regulated by local, state and federal agencies.
- How much does the water level change by season, by tide or by reservoir management?Depth at a dock in one season can differ a lot in another.
- What does flood insurance cost for this property, and what does the current flood map show?Get a quote from an insurer or agent. A flood zone is not a premium, and no zone does not mean no risk.
- What maintenance does the shoreline need (seawall, bulkhead, riprap, erosion), and what has been done recently?Shoreline structures are expensive to repair; ask for records and inspection reports.
- How are water, sewer or septic, and power provided?Waterfront septic systems and wells can have extra rules and inspections.
- How do you reach the property by road year-round, and who maintains that road?Some waterfront roads are private, seasonal or shared.
- What local rules apply: rentals, docks, boat lifts, fences, tree removal, setbacks?Rules come from the town, county, state, lake authority or association and vary widely.
Printable due-diligence checklist · Ownership budget planner · FEMA Flood Map Service Center (official flood maps; look up the address yourself)
Guides and next steps
Listing courtesy of Compass Florida, LLC. Listings provided by MyStateMLS.
Listing last updated by the brokerage Sep 25, 2026, 11:50 AM UTC. Waterfront Homes last received MyStateMLS data Oct 30, 2026, 4:31 PM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing agent.