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Off market
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  • $427,100

    5937 NW 1st Ave, Miami, FL 33127

    2beds
    1,009sqft
    SingleFamily
    Built in 1925
    5,501 Square Feet Lot
    $427,100 Zestimate®
    $423/sqft
    $2,387 Estimated rent

    Home value

    $427,100

    $380,000 - $474,000

    $2,387/mo

    Zestimate® history
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    Owner options

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    $2,387/mo

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    $2,387/mo

    Rent Zestimate®

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    $2,982/mo

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    $2,982/mo

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    What's special

    New roofVibrant heart of miamiRapidly growing areaProximity to key landmarks

    -Property Overview: Seize the opportunity to invest in a prime 5,500-square-foot development plot nestled in the vibrant heart of Miami. This exceptional offering stands amidst a rapidly growing area, highlighted by five new multifamily developments within a mere 200 feet, signaling a neighborhood on the rise. -Strategic Positioning: Situated mere moments from the i95, the lot offers unparalleled connectivity to Miami's most sought-after districts and essential amenities. -Proximity to Key Landmarks: - 10 minutes to Miami International Airport - 5 minutes to the artistic enclave of Wynwood - 3 minutes to the prestigious Design District - 15 minutes to the sun-kissed shores of Miami Beach and the bustling financial district of Brickell - 25 minutes to Fort Lauderdale Airport -Current Use & Potential: The property currently hosts a 1,000-square-foot house, optimally utilized as a short-term rental with a substantial monthly income of $6,000. This existing setup not only offers immediate cash flow but also presents a canvas for visionary development in a neighborhood teeming with potential. (New roof) -Investment Appeal: This lot represents not just a piece of real estate but a gateway to infinite possibilities in one of Miami's burgeoning locales. Whether you're looking to tap into the lucrative short-term rental market or embark on a groundbreaking development project, this property offers the foundation for a prosperous venture in the heart of Miami's dynamic landscape. This structured and succinct description captures the essence and potential of your property while maintaining a professional and engaging tone.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Electric
    Cooling
    • Wall
    Appliances
    • Included: Refrigerator
    Features
    • First Floor Entry
    • Flooring: Tile, Laminate
    • Basement: None
    Interior area
    • Total interior livable area: 1,009 sqft

    Property

    Parking
    • Parking features: Carport, On-street
    Features
    • Exterior features: Other, Stucco, Brick
    Lot
    • Size: 5,501 sqft
    Details
    • Parcel number: 0131130630080

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • concrete
    • Roof: Shake / Shingle
    Condition
    • Year built: 1925

    Community & neighborhood

    Location
    • Region: Miami

    Other

    Other facts
    • Construction Type: Other Construction
    • Design: Detached
    • Design Description: One Story
    • Bedroom Description: Entry Level
    • Housing Older Persons Act: No HOPA
    • Listing Type: Exclusive Right to Sell/Rent
    • Membership Purch Rqd YN: 0
    • Interior Features: First Floor Entry
    • Parking Description: Driveway
    • Pool YN: 0
    • Property Type: Single Family
    • Restrictions: No Restrictions
    • Lot Description: Less Than 1/4 Acre Lot
    • Roof Description: Other Roof
    • Style: R30-No Pool/No Water
    • Terms Considered: All Cash, Conventional, FHA, FHA-Va Approved
    • Typeof Property: Single
    • Waterfront Property YN: 0
    • Year Built Description: Resale
    • Cooling Description: Electric Cooling
    • Water Description: Other
    • Subdivision Information: No Subdiv/Park Info
    • Section: 13
    • Front Exposure: South
    • Tax Information: Tax Reflects Homestead Tax
    • Sewer Description: Septic Tank
    • Rooms Description: No Additional Rooms
    • Status: Pending Sale
    • Typeof Contingencies: 3rd Party Approval

    Price history

    DateEventPrice
    3/25/2024Listing removed--
    Source: Owner Report a problem
    3/11/2024Listed for sale$900,000+373.7%$892/sqft
    Source: Owner Report a problem
    9/18/2018Sold$190,000-5%$188/sqft
    Source: Public Record Report a problem
    7/25/2018Pending sale$200,000$198/sqft
    Source: Florida New Dream Corp. #A10497810 Report a problem
    7/8/2018Listed for sale$200,000+344.4%$198/sqft
    Source: Florida New Dream Corp. #A10497810 Report a problem
    6/8/1998Sold$45,000+67.3%$45/sqft
    Source: Public Record Report a problem
    11/12/1997Sold$26,900$27/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,285 +7.6%$213,030 +10%
    2024$4,910 +7.3%$193,664 +10%
    2023$4,576 +17.8%$176,059 +10%
    2022$3,885 +10.2%$160,054 +10.9%
    2021$3,527 -26.3%$144,310 +10%
    2020$4,784 +50.4%$131,191
    2019$3,180 +580.9%$131,191 +349.9%
    2018$467 $29,158 +2.1%
    2017$467 +14.5%$28,559 +2.1%
    2016$408 +1%$27,972 +0.7%
    2015$404 +0.2%$27,778 +0.8%
    2014$403 +1.9%$27,558 +1.5%
    2013$395 $27,151 +1.7%
    2012$395 -32%$26,698 -21.2%
    2011$582 -30.1%$33,863 -22.4%
    2010$832 -16.4%$43,656 -23.3%
    2009$995 +0.1%$56,942 +88.4%
    2007$995 -6.8%$30,230
    2006$1,067 --
    2005$1,067 +0.4%--
    2004$1,063 -30.7%--
    2003$1,534 +7.5%--
    2002$1,427 --
    2001$1,427 --

    Find assessor info on the county website

    Neighborhood: Little Haiti

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $427,100
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $427,100