$1,200,000

Single Family Residence In Miami

  • 5 Beds
  • 3 Baths
  • 2,072 Sqft
  • 10,800 Sqft lot
  • Updated: Today
  • Source:
    MIAMI REALTORS MLS  MLS#A12114700

About the Property

Asking Price is firm unfortunately. Situated on an expansive 10,800 SQ. FT. LOT (75’ frontage) in Miami’s rapidly transforming Buena Vista neighborhood, this property presents an exceptional opportunity for investors and developers looking to capitalize on the area’s growing luxury residential market.

The property features two separate structures. The rear structure is currently uninhabit
Asking Price is firm unfortunately. Situated on an expansive 10,800 SQ. FT. LOT (75’ frontage) in Miami’s rapidly transforming Buena Vista neighborhood, this property presents an exceptional opportunity for investors and developers looking to capitalize on the area’s growing luxury residential market.

The property features two separate structures. The rear structure is currently uninhabitable, while the existing two-story main residence is owner-occupied on the first floor. Four upstairs bedrooms are rented individually, generating a combined $2,400 in monthly rental income. 2 Mango & 2 Avocado trees line the west perimeter of the property.

Classified as Single Family / Ancillary Unit, the property offers an exciting opportunity to reimagine the site with a luxury single-family residence, ancillary living quarters, swimming pool, outdoor entertainment areas, and additional recreational amenities.

Newer luxury residences in the surrounding neighborhood have achieved sales prices exceeding $3 million, demonstrating the potential of this desirable location.

Bring your architect, your contractor, and your vision. Opportunities to acquire a lot of this size in Buena Vista are increasingly compelling as the neighborhood continues to evolve.

Property sold AS-IS. Seller requests 60-day post-closing occupancy. Buyer to independently verify zoning, permitted uses, development potential, existing improvements, and all property information.
…
  • Property type

    House

  • Floors

    2

  • Year built

    1935

  • Price/sqft

    $579

Explore the Area

337 NW 48th St, Miami, Florida, United States View on Google Maps
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Real Estate Sales Force - Coral Gables

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Real Estate Sales Force - Coral Gables
Florida, United States
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Real Estate Sales Force - Coral Gables
Coral Gables, Florida, United States
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Last updated
Today
First listed
October 29
Listing reference
A12114700
Listing status
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