8461 SW 38th St, Miami, FL 33155
8461 SW 38th St, Miami, FL 33155
8461 SW 38th St, Miami, FL 33155
8461 SW 38th St, Miami, FL 33155
8461 SW 38th St, Miami, FL 33155
8461 SW 38th St, Miami, FL 33155
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$ 874,000
Est. payment | /mo

4 Beds

3 Baths

1,613 SqFt


$ 874,000
Est. payment | /mo

4 Beds

3 Baths

1,613 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,613 sqft

Price per Sqft $541

Subdivision Tropical Highlands 3Rd Ad

MLS Listing ID A11971688

Style Detached,One Story

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1955

Annual Tax Amount $16,983

Tax Year 2025

Lot Size 0.362 Acres

Property Sub-Type Single Family Residence

Property Description

Exceptional redevelopment opportunity in a rapidly appreciating area with strong upside potential. This is a triple option opportunity. Renovate the current structure which has an in-law quarter, use the current structure & plans to add a second story or rebuild completely. The choices are endless. The true value is this property is set on a sprawling 15,750 SQFT lot which is one of the largest in the entire area. This property delivers the size, scale, and positioning developers seek for a high-end build. A detailed front elevation rendering and thoughtfully designed interior concept images illustrate the vision and finished product of what the current owners had in mind. Opportunities with plans in place, significant lot size, and strong after-build comps are increasingly rare. If you're searching for your investment or a place to call home in this desirable area, this is one not to miss. Recent comparable sales in the immediate area underscore the substantial profit potential and attractive margins available with this project.

Location

State FL

County Miami-dade

Community Tropical Highlands 3Rd Ad

Area 40

Interior

Interior Features Bedroom on Main Level, First Floor Entry, Living/Dining Room, Workshop

Heating Central

Cooling Central Air

Flooring Tile

Appliance Dishwasher, Electric Range, Electric Water Heater, Refrigerator, Washer

Laundry In Garage

Exterior

Exterior Feature Fence, Porch

Carport Spaces 1

Pool In Ground, Pool

Community Features Street Lights

View Garden, Other, Pool

Roof Type Other

Street Surface Paved

Porch Open, Porch

Garage No

Private Pool Yes

Building

Lot Description 1/4 to 1/2 Acre Lot

Faces South

Story 1

Sewer Septic Tank

Water Public

Architectural Style Detached, One Story

Additional Building Guest House

Structure Type Block

Schools

Elementary Schools Banyan

Middle Schools Rockway

Others

Pets Allowed No Pet Restrictions, Yes

Senior Community No

Restrictions No Restrictions

Tax ID 30-40-15-007-0110

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Listed As-Is

Pets Allowed No Pet Restrictions, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11971688

Miami Association of Realtors (SEFMIAMI MLS)
Listed by RE/MAX Advance Realty II

Schools and Properties Nearby

Jerry Barrios
Jerry Barrios

REALTOR®Certified Negotiation Expert | License ID: 3646800

+1(786) 318-7422 | cnerealestategroup@gmail.com

Learn More About LPT Realty

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8461 SW 38th St