The Real Deal Miami

Development site in South Miami sells for $8.8M

0.58-acre lot last sold for more than $6 million in 2008
By Katherine Kallergis | July 31, 2015 11:15AM

Property at 6201 Sunset Drive

Property at 6201 Sunset Drive in South Miami

A vacant lot in South Miami sold for $347 per square foot, or $8.8 million, Miami-Dade County records show.

The 25,366-square-foot property, at 6201 Sunset Drive, is across the street from South Miami Hospital, which is part of the Baptist Health South Florida network.

Bindor Development LLC, a Miami-based company tied to FSE Investments, sold the lot to 6201 Sunset Medical Plaza Ltd. It last sold for more than $6 million in 2008, according to Miami-Dade property records. A Grove Properties listing shows a proposed rendering for the site.

The property was marketed as a development opportunity with plans for a proposed 66,000-square-foot office building. It’s located within walking distance of the South Miami Metrorail Station, which will be part of the planned Underline linear park.