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$799,000
8 Days On Site

473 NE 61st St
Miami, FL33137

For Sale|Single Family Residence|Active
5
Beds
2
Total Baths
2
Full Baths
1,520
SqFt
$526
/SqFt
1925
Built
Subdivision:
LEMON CITY WHITES
County:
Miami-Dade
Call Now: 917-861-5532
Is this the listing for you? We can help make it yours.
917-861-5532
Upcoming Open Houses
Sun, Sep 13, 2:00 PM - 4:00 PM
473 NE 61st St473 NE 61st St473 NE 61st St473 NE 61st St
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CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.

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Listing Snapshot
Price 
$799,000
Days On Site 
8 Days
Bedrooms 
5
Inside Area (SqFt) 
1,520 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.1146 Acres
Year Built 
1925
MLS® Number 
A12082857
Status 
Active
Property Tax 
$10,275
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing first seen on site
a week agoListing updated with changes from the MLS®
General Features
Direction Faces 
South
Parking 
Driveway
Pets 
Cats OKDogs OKYes
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Total 
1520
Style 
OneStory
Water Source 
Public
Zoning 
3900
Interior Features
Appliances 
DryerDishwasherElectric RangeMicrowaveRefrigeratorSelf Cleaning OvenWasher
Cooling 
Central Air
Fireplace 
Yes
Flooring 
LaminateVinyl
Heating 
Central
Interior 
PantryMaster Downstairs
Laundry Features 
Common Area
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Exterior Features
Construction Details 
FrameStucco
Exterior 
None
Pool Features 
None
Roof 
Shingle
View 
Garden
Waterview 
Garden
Community Features
MLS Area 
32
Financing Terms Available 
CashConventional
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Horace Mann
High School
Miami Edison
Listing courtesy of Douglas Elliman

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