MBM Developments Buys $6M Edgewater Lot at 711 NE 23 Terrace

MBM Developments LLC bought a vacant Edgewater lot at 711 NE 23 Terrace in Miami for about $6.01 million, according to a Miami-Dade Clerk deed dated Sept. 29. The seller was South Park Tower LLC.

The deed, recorded as 2026 R 667615 in Official Records book 35512, page 3373, covers folio 0132300250190. The county classifies the parcel as vacant land.

Why it matters

Edgewater is one of the city’s most active tower corridors, and a lot of this size is a buildable assembly in its own right. A buyer with a “Developments” name paying cash-equivalent money for a vacant parcel is a site acquisition, not a passive hold. It is worth tracking for any filing that follows.

We could not identify the principals behind MBM Developments LLC or find prior Miami projects under that name. The records show only the LLC, so the beneficial owner is unknown. The seller’s name, South Park Tower LLC, suggests a tower concept, but we found no public plan or approval tied to this parcel, and we are not claiming one existed.

The Clerk’s file number is CFN 2026 R 667615, and the deed sits at Official Records book 35512, page 3373. It was recorded on Sept. 29, 2026, the same day as the sale date on the deed. The folio is 0132300250190 and the address is 711 NE 23 Terrace, Miami. The parcel is 19,068 square feet, and the county’s use code reads vacant land. The buyer, MBM Developments LLC, and the seller, South Park Tower LLC, are both entities, so no individual appears on the record we reviewed.

The numbers

The deed shows consideration of about $6,010,800 for 19,068 square feet of land. That works out to roughly $315 per square foot. We have not sourced recent Edgewater land comparables, so we are not ranking this price against nearby trades.

The sale date is Sept. 29, 2026. Both parties are entities, and the county record does not flag the transfer as a qualified sale.

What’s next

The next signals are a zoning or site-plan filing, a construction loan or mortgage recorded against the folio, or a resale. We will watch the folio for any of them across South Florida land activity.