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$1,275,000

287 NW 31st St

3 bd · 1 ba · 1,256 sq ft

89 days on marketSingle Family Residence

Listing courtesy of Fausto Commercial Realty Consultants Inc. 786-748-7373

From the MLS

Bedrooms
3
Bathrooms
1
Living area
1,256 sq ft
Asking per square foot
$1,015
Year built
1930
ZIP code
33127
MLS number
A11980020

What the listing says

7,200 sqft lot development opportunity in the highly sought-after Wynwood Norte area. This prime T-4R property with NRD-2 Zoning Overlay offers the potential to build up to 16 units by right, with no parking requirements. The site is also well-suited for luxury townhome development. Ideally located just minutes from Wynwood, Midtown, and the Design District, with convenient access to I-95 and I-195. The property currently features a 3-bedroom, 1-bath single-family home generating approximately $3,000/month in rental income. Within walking distance to numerous restaurants, retail, entertainment venues, art galleries, and several Michelin-recognized dining spots. Positioned south of the Design District and west of Midtown, Wynwood Norte continues to experience strong growth with numerous new developments transforming the neighborhood.

Description supplied by Fausto Commercial Realty Consultants Inc.

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

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