Coral Key

About Coral Key

Assembling a two-acre, five-parcel development site inside a Miami-Dade urban center district typically takes years and carries meaningful holdout risk. Advancing a 279-unit administrative site plan through the County’s review process adds further time and cost. Coral Key delivers both — the completed assemblage and the advanced site plan — in a single land acquisition, giving an incoming developer a head start that would be difficult and expensive to replicate.

The site comprises approximately 2.06 gross acres across five contiguous folios in the core of the Princeton Community Urban Center District, approximately a quarter mile east of US-1 and the South Dade TransitWay, where Miami-Dade County’s Metro Express bus rapid transit service began operating in October 2025. The PCUCD Core Sub-district permits 125 dwelling units per gross acre, resulting in approximately 258 units based on the stated 2.06 gross acres. The April 2024 Modis zoning certification and May 2024 appraisal identify potential density of up to 293 units through participation in the County’s Workforce Housing Development Program. The final allowable density, gross-area calculation and workforce-housing requirements remain subject to confirmation by Miami-Dade County, land-use counsel and the project architect.

Coral Key is not a site that locks a developer into a single path. The current 279-unit proposal uses 12 of 15 permitted stories and leaves density headroom for optimization. The final unit mix should be confirmed from the latest architectural plans and may be subject to redesign and County approval. The workforce component already embedded in the plan supports the requested density bonus and may qualify the project for expedited County review. A buyer can carry the program forward, redesign within the zoning framework, or evaluate an alternative construction form — all without the need for a rezoning, a land-use amendment or a public hearing.