295 NW 42nd St

Single Family Home

295 NW 42nd St

$1,500,000

295 NW 42nd St, Miami, FL, 33127

295 NW 42nd St photo 1
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LIST PRICE$1,500,000
BEDROOMS3
BATHROOMS3
HOUSE sq ft1,460
LOT sq ft10,800

Take a closer look

HOA: request current costs · Last reported tax: $18,763/yr

Estimate monthly payment, including HOA and taxes

Monthly Payment

$10,289/mo

Principal & interest$7,976
Property taxfrom listing$1,564
Homeowners insuranceestimate$750

$300,000 down

Principal & interest is exact for these inputs. Tax and HOA come from the listing; rate, insurance are editable estimates. Not a loan offer.

Overview

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.

Property Details

$1,500,000
Property Type
Residential
Subtype
Single Family Residence
Year Built
1938
Status
Active
MLS #
A12095610
Living Area
1,460 sq ft
$/Sq Ft (Living)
$1,027
Lot Size
10,800 sq ft
$/Sq Ft (Lot)
$139
Annual Taxes
$18,763

Notable Features

Scenic ViewsLarge Lot

Location Scores

Location

295 NW 42nd St, Miami, FL, 33127