7400 SW 98th St

Description

Approximately 18,500 SF / 0.42 acres of vacant land in prestigious Pinecrest, offering buyers the increasingly rare opportunity to build a completely new custom estate without the constraints of an existing structure.Situated in a highly desirable residential area known for its large estate properties, mature landscaping, privacy, and strong demand for luxury single-family homes. The property is located near Miami Palmetto Senior High School, Pinecrest Elementary, Trader Joes, Publix, Whole Foods, and major transportation corridors. The approximately 0.42-acre lot provides substantial room for a large custom residence, swimming pool, outdoor... Read more entertaining areas, gardens, guest accommodations, and other luxury amenities. The existing marketing specifically highlights the sites flexibility for creating a private estate-style residence. With no existing building, an investor or end user can design a residence from the ground up to current luxury standards, potentially maximizing the propertys appeal and resale value within the Pinecrest estate-home market. Recent nearby transactions demonstrate significant demand for larger Pinecrest residences. For example, a 7-bedroom, 6.5-bath, 9,792 SF residence on 0.55 acres sold for $4.9 million in June 2026, while other nearby Pinecrest land sales have traded in the approximately $1.7M?$3.5M range, depending on location and site characteristics.