Edgewater Site at 2600 NE 2 Ave Sells for $5.44M, Up From $4.5M
A vacant 14,154 sq ft site at 2600 NE 2 Ave, Miami, sold for $5.44M on Nov. 2, per the county clerk. The seller paid $4.5M in 2022.
- Source Briefing
- Public record
A vacant lot at 2600 NE 2 Ave, on the Edgewater and Midtown line in Miami, changed hands for $5.44 million. The deed was recorded Nov. 2 by the Miami-Dade Clerk, with I & A 26 LLC as seller and Aio Evg Mi Operating LLC as buyer.
Why it matters
Land in the Edgewater and Midtown corridor is priced off what the zoning allows, not what stands on it today. This parcel carries City of Miami T6-12-O zoning, a transect category that allows high-density mixed-use buildings of up to 12 stories. The county appraiser classifies it as vacant land, with no building and no extra features, though it has been assessed under an agricultural classification tied to container nursery use.
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The seller bought the site in February 2022 for $4.5 million from Midtown Property 21 LLC. The new price is roughly 21 percent higher, a gain of about $940,000 over almost four years. That is a measured step up for a neighborhood that has seen heavy tower activity, and the buyer’s plans are not stated in the deed. For more deals in the market, see our South Florida coverage.
The numbers
The clerk instrument, CFN 2026 R 747770, lists consideration of $5,440,000. The Property Appraiser describes the lot as 101.1 feet by 140 feet, or 14,154 square feet, which works out to about $384 per square foot. The 2022 sale averaged about $318 per square foot on the same footprint.
The county’s 2026 land value is $3,892,350, and the assessed value is $2,096,025 because of the agricultural classification. The recorded price is about 40 percent above the appraiser’s land value. The appraiser’s file still lists the seller as owner, which is normal this soon after recording.
What’s next
Aio Evg Mi Operating LLC is a newly named entity, and its principals do not appear in the public record we reviewed. We could not verify any financing, because no mortgage tied to this purchase appeared in the records we checked, and we are not reporting one. No site plan or permit application for the parcel was found at the time of writing.
A change to the use of the site would show up first as a City of Miami pre-application or a permit filing. We will update this story if either appears.
Quick answers
- How much did Edgewater Site at 2600 NE 2 Ave sell for?
- A vacant 14,154 sq ft site at 2600 NE 2 Ave, Miami, sold for $5.44M on Nov. 2, per the county clerk. The seller paid $4.5M in 2022.
- What are the key numbers?
- recorded price: $5.44M; sq ft lot: 14,154; per sq ft: $384; vs 2022 sale: +21%.
On the record
Deed CFN 2026 R 747770 (OR Book 35561, Page 2150), recorded 2026-11-02, conveys the parcel from I & A 26 LLC to Aio Evg Mi Operating LLC with consideration of $5,440,000
Public record · miamidade.gov
Primary record
- Public recordProperty Appraiser shows a 14,154 sq ft vacant parcel zoned T6-12-O, a 2022 sale at $4.5M, and a 2026 land value of $3,892,350 against an assessed value of $2,096,025View the record on miamidade.gov