Palomar Sub Homes with Ok To Lease Restrictions

Palomar Sub Homes with Ok To Lease Restrictions

Welcome to Palomar Subdivision, a hidden gem nestled in the vibrant city of North Miami, Florida. This charming community offers residents a delightful blend of suburban tranquility and urban convenience, making it an ideal place to call home.

Palomar Sub boasts a variety of well-designed homes, each exuding character and comfort. With lush landscaping and tree-lined streets, this subdivision creates a warm and inviting atmosphere that fosters a strong sense of community. Residents enjoy easy access to local parks, shopping centers, and dining options, ensuring that everything you need is just a stone's throw away.

One of the standout features of Palomar Sub is its "Ok To Lease" restrictions, allowing homeowners the flexibility to rent their properties. This is particularly appealing for those looking to invest in real estate or for families who may need to relocate temporarily. The leasing options provide a unique opportunity to maintain a steady income stream while still enjoying the benefits of homeownership in this desirable neighborhood.

The community is also conveniently located near major highways, making it easy for residents to commute to downtown Miami or explore the beautiful beaches of South Florida. With a diverse array of cultural attractions, entertainment venues, and recreational activities nearby, there’s always something to do.

Whether you're a first-time homebuyer, an investor, or looking for a peaceful place to retire, Palomar Subdivision offers a welcoming environment that caters to all lifestyles. Discover your dream home in this exceptional community today!

Newest Palomar Sub Homes with Ok To Lease Restrictions

$629,989
2 Beds ⋅ 1 Baths ⋅ A12049898 MLS ⋅ 33161 Zip Code ⋅ Palomar Sub BLDG.
ATTENTION INVESTORS & DEVELOPERS — RARE R5 OPPORTUNITY This is a high-upside, infill development opportunity in a prime Biscayne corridor location. The 7,800 SF R5-zoned lothas received city confirmation allowing 3–7 residential units and qualifies for the Floating Density Factor, creating significant flexibility and upside. City correspondence confirming potential unit count is available upon request. This is a R-5 and conditional for 7 units. Seller will not review low ball offers. Thank you!! An existing single-family residence sits on the property, offering a strategic advantage: the ability to secure conventional financing and deploy capital toward redevelopment—a major win in today’s lending environment. Opportunities like this do not last. R5 lots with documented density potential are extremely limited. VALUE-ADD & EXPANSION POTENTIAL • Adjacent parcel may be available, allowing assemblage and expansion to up to 14 units. • Proven development success across the street, where an investor has completed 18 units, validating density and market demand. • Strong rental demand fueled by proximity to Biscayne Park, Biscayne Blvd, restaurants, retail, and nightlife, all within walking distance. This is an ideal play for developers, builders, and long-term investors seeking density, location, and scalable upside in a supply-constrained market.

12110 Ne 11th Pl, North Miami
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