Under contract

$1,200,000

5001 NW 1st Ave, Miami, FL 33127

--beds

--baths

8,712Square Feet

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Unimproved Land

Built in ----

8,712 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Existing poolPreserving privacyExpansive lot sizeFenced corner lot

Exceptional opportunity to own one of the largest single-parcel lots near the Miami Design District. Zoned for a single-family residence with an ancillary unit, this fenced corner lot features an existing pool and offers exceptional potential for investors, developers, or end users looking to build a custom home in one of Miami’s most sought-after neighborhoods. The expansive lot size provides ample space for a substantial residence with generous outdoor living areas while still preserving privacy and flexibility in design. Ideally located near the Design District, Midtown, Wynwood, and major roadways, this is a rare opportunity to secure a premier lot in one of Miami’s most desirable locations. Buyer to verify zoning, land use, building restrictions, and development potential with the appropriate municipal authorities.

72 days

64

1

Facts & features

Property

Features

Fencing: Fenced
Has view: Yes
View description: None

Lot

Size: 8,712 Square Feet
Features: City Lot, Less Than 1/4 Acre Lot, Cleared
Residential vegetation: Other Trees

Details

Additional structures: None
Parcel number: 0131240131440
Zoning: 0104

Utilities & green energy

Sewer: Public Sewer
Water: Municipal Water

Community & HOA

Community

Subdivision: Railway Shops Addn 2nd Am

HOA

Has HOA: No

Location

Region: Miami

Financial & listing details

Tax assessed value: $701,620
Annual tax amount: $14,298
Date on market: 5/8/2026
Listing terms: All Cash,Conventional
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/13/2026	Pending sale	$1,200,000
Source: MIAMI #A12015572 Report a problem
5/8/2026	Listed for sale	$1,200,000+133%
Source: MIAMI #A12015572 Report a problem
2/25/2022	Sold	$515,000+379.1%
Source: Public Record Report a problem
5/29/2008	Sold	$107,500
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$15,120 +8%	$693,765 +10%
2024	$13,999 -4.4%	$630,696 -9.1%
2023	$14,641 +738.9%	$693,755 +538%
2022	$1,745 +1.2%	$108,741 +3%
2021	$1,725 +1.5%	$105,574 +1.4%
2020	$1,700 +2.8%	$104,117 +2.3%
2019	$1,653 +4.5%	$101,777 +1.9%
2018	$1,583	$99,880 +2.1%
2017	$1,583 +1.6%	$97,826 +2.1%
2016	$1,557 -0.4%	$95,814 +0.7%
2015	$1,563 -0.7%	$95,148 +0.8%
2014	$1,575 +13.4%	$94,393 +7.6%
2013	$1,389	$87,764 +1.7%
2012	$1,389 +3.9%	$86,297 +3%
2011	$1,337 -1.8%	$83,784 +1.5%
2010	$1,362 +8.8%	$82,546 +2.7%
2009	$1,252 -15.8%	$80,376 +53.2%
2007	$1,487 -73.4%	$52,458
2006	$5,600	--
2005	$5,600 +41.1%	--
2004	$3,967 +24.2%	--
2003	$3,193 +31.2%	--
2002	$2,434	--

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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