337 NW 48th St

Listing details

Address

337 NW 48th St

Price

$1,200,000

Status

Active for sale

Bedrooms

5

Bathrooms

3

Living area

2,072 sq ft

Year built

1935

Days on market

11

Listing courtesy of Real Estate Sales Force. J@RESF.COM

Listing information provided by the MLS. Details and availability can change.

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Listing 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.

How this listing compares

Listed at $579 per square foot. In Wynwood, the median closed price was $1,105 per square foot and the median time on market was 57 days.

Listing history

• 11 days on market.

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