$1,500,000
295 NW 42nd Street
Miami, FL 33127
Estimated payment $8,160/month
no HOA · estimated tax · estimated insurance · 20% down, 6.5%, 30 yr
Highlights
About This Home
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.
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Facts & features
Bedrooms & bathrooms
- •Bedrooms:3
- •Bathrooms:3
- •Full bathrooms:3
- •Half bathrooms:0
Heating
- •Has Heating:Yes
Interior area
- •Total structure area:1,460 sqft
- •Total interior livable area:1,460 sqft
Parking
- •Parking features:N/A
- •Garage spaces:0
- •Has attached garage:No
Lot
- •Size:10,890 sqft
Details
- •Parcel number:N/A
Type & style
- •Home type:Single Family Residence
- •Property subtype:Residential
Materials
- • N/A
Condition
- •Year built:1938
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Price history
| Date | Event | Price |
|---|---|---|
| 2026-09-28T00:00:00.000Z | Listed for sale | $1,500,000$1027/sqft |
Listing Agent
Carl M Gambino
Compass Florida, LLC
Brokerage Phone: 305-851-2820
Source: Beaches MLS · MLS #A12095610
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