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REAL Broker LLC
337 Nw 48th St, Miami, FL 33127
- $1,200,000
- 5
- BD
- 3
- BA
- 2,072
- SqFt
- List Price
- $1,200,000
- MLS#
- A12114700
- Subdivision
- Buena Vista Heights Exten
- Status
- ACTIVE
- Type
- Single Family Residential
- Bedrooms
- 5
- Full baths
- 3
- Living Area
- 2,072
Property Description
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.
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Additional Information
- Days on Market
- 1
- View
- None
- Tax Amount
- $11,291
- Parcel Number
- 01-31-24-018-0800
- Bedroom Description
- At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Shower, Primary Bedroom Ground Level
- Front Exposure
- South
- Lot Size
- 10,800
- Exterior Features
- Fruit Trees
- Parking Restrictions
- Additional Spaces Available, Covered
- Address
- 337 Nw 48th St, Miami
- Elementary School
- Shadowlawn
- SqFt Liv Area
- 2,072
- Year Built
- 1935
- Design
- Detached, Two Story
- Development Name
- Buena Vista Heights Exten
- Style
- R30-No Pool/No Water, House
- Senior High School
- Miami Edison
- Restrictions
- No Restrictions
- Construction Type
- Concrete Block Construction
- Interior Features
- First Floor Entry, Florida Room, Separate Guest/In-Law Quarters
- Section
- 24
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Listing Courtesy of Real Estate Sales Force, Contact: