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3 Beds
3 Baths
1,460 sqft

$1,500,000

295 NW 42nd St, Miami FL, 33127

Price per sqft$1,027.40
Built in1938
Property size1,460 sqft
Property typeResidential

Overview

Active

Updated 2 weeks ago

A rare 10,800-square-foot double corner lot opportunity in a prime Miami location, offering both rental income and future redevelopment potential. The fully renovated 3-bedroom, 3-bath residence features an in-law suite, impact windows and doors, and lush, fenced grounds, providing a turnkey opportunity to generate income today. The property's substantial lot size and two-lot configuration also offer the potential to redevelop into two single-family homes under T3-L zoning, subject to applicable approvals. Ideally located just three minutes from the Miami Design District and approximately five minutes from Wynwood and Midtown, the property offers convenient access to some of Miami's premier dining, shopping, and entertainment. Recent nearby sales further underscore the area's land and redevelopment activity. A compelling opportunity for an investor, end user, or developer seeking immediate utility with longer-term redevelopment potential.

$9,980/mo

Est. mortgage payment based on a $1,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12005329

Interior Features

Bedrooms
3
Bathrooms
3
Fireplace
Yes
Basement
No

Exterior Features

Lot Size
0.25 Acres

Other Property Details

Taxes
$18,763
Tax Frequency
Annually

Courtesy of Compass Florida, LLC with ,
Listing Contact:  

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