South Beach land values
Miami Beach · $ per square foot of land · Updated September 2026
| Zoning | Land, $ per SF |
|---|---|
| Commercial, mixed use and multifamily districts | $450 – $750 |
A 10,000 square foot lot in the highest zoning here would be worth about $4,500,000 to $7,500,000 as land, before anything built on it.
Reported land sales
| Property | Sold | Price | Land | $ / SF land |
|---|---|---|---|---|
| 1509 & 1515 Washington Ave | Jun 2024 | $20M | 27,625 SF | $724 |
| 1234 & 1260 Washington Ave | Jan 2025 | $17.5M | 33,525 SF | $522 |
When your building is really a land sale
A small older building on land zoned for a tower can produce modest rent and still be worth a great deal. Investors price it on the income. Developers price it on the land. When the land number is higher, a developer is the buyer who pays the most, and the building itself adds little to the price.
Land value depends on the exact zoning, the lot size and shape, corner and frontage, and whether neighboring lots can be combined. These ranges are a starting point, not an appraisal.
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