Price Check
How this price compares
- List price
- $3,350,000
- Price per sq ft
- N/A
- Original price
- $3,390,000
- Days on market
- 65
This lot in ZIP 33127 is listed at $3,350,000. The asking price has come down 1.2% from its original $3,390,000. It has been on the market for 65 days.
Estimated monthly payment
$17,606 /mo
Principal and interest only, based on $670,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $3,350,000
- Days on Site
- 65 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 0.17 Acres
- Property Type
- Land
- MLS #
- A12056960
- Property Tax
- $56,717 (2025)
- Subdivision
- MARKS SUB
- County
- Miami Dade
- Status
- Active
About This Property
7,500 SF lot to Build up to 20,000 SF with no parking requirement, according to the City of Miami Building Department for projects of 20,000 SF or less. The site allows for a five-story mixed-use building featuring 24 residential units above a 4,000-3,600 SF ground-floor retail or restaurant space. The commercial space can be leased to generate a stable NNN (Triple Net) income stream, creating an additional revenue source while maximizing the property's long-term investment potential. This land - multifamily in the heart of Miami’s iconic Wynwood Arts District featuring eight fully leased studio apartments generates steady in-place income of approximately $12,400 per month, making it a strong holding option while exploring future redevelopment. Zoned T5-O/NRD-1. The property benefits from its proximity to major lifestyle and employment hubs, including the Miami Design District, Midtown, Allapattah, and Downtown Miami, all within minutes. Immediate access to key transportation routes ensures connectivity across Greater Miami, and the neighborhood’s walkability supports its thriving cultural, culinary, and retail environment. Investors can leverage Wynwood’s upward trajectory for appreciation while benefiting from dependable short-term cash flow. This is a compelling opportunity to control an income-producing asset with significant redevelopment potential in one of Miami’s most dynamic corridors.
MLS media linkGeneral Features
- Property Type
- Land
- Status
- Active
- Lot Size (Acres)
- 0.17
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 6101
Exterior Features
- Lot Features
- One To Two Acres / Two To Three Acres / Central Business District / City Lot
Community & HOA
- Utilities
- Cable Available / Electricity Available / Natural Gas Available / Phone Available / Sewer Available / Trash Collection / Water Available
- Restrictions
- City Restrictions
- MLS Area
- 2310
Schools
- Elementary School
- Paul Laurence Dunbar K-8
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Community
- Homes for Sale
- 2
- Under Contract
- 0
- Median List Price
- $3,350,000
- Median $/Sq Ft
- $1,123
- Avg Days on Market
- 133
Frequently Asked Questions
- How do I schedule a tour of 118 NW 24th Street, Miami, FL 33127?
- Use the Tour button on this listing to request a showing of 118 NW 24th Street, Miami, FL 33127. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 118 NW 24th Street, Miami, FL 33127 still available?
- 118 NW 24th Street, Miami, FL 33127 is currently listed as Active, and has been on the market 65 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 118 NW 24th Street, Miami, FL 33127?
- With 20% down ($670,000) on the $3,350,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 118 NW 24th Street, Miami, FL 33127 is about $17,606/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 118 NW 24th Street, Miami, FL 33127?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 118 NW 24th Street, Miami, FL 33127. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 118 NW 24th Street, Miami, FL 33127?
- 118 NW 24th Street, Miami, FL 33127 is zoned for Paul Laurence Dunbar K-8 (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 118 NW 24th Street, Miami, FL 33127?
- Often, yes. The right offer on 118 NW 24th Street, Miami, FL 33127 depends on how it's priced against comparable land sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of IRG
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 23, 2026.
$3,350,000
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Listed by Cuindney D. Mantilla, IRG
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Recent Sales
Recently sold homes in ZIP 33127
These are the last 6 recorded closings in ZIP 33127, with the price each home actually sold for rather than what it was listed at. They closed at a median of $533 per square foot. The most recent closed on October 13, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$910,000
Sold · October 13, 2026
545 NW 47th Street
3 bed · 3 bath
$39,000 under the asking price
Sold$415,000
Sold · October 9, 2026
5820 NW 3 Avenue
3 bed · 2.5 bath · 1,000 sqft · $415/sqft
$20,000 under the asking price
Sold$575,000
Sold · October 2, 2026
347 NW 42nd Street
4 bed · 1 bath · 1,038 sqft · $554/sqft
$14,700 under the asking price
Sold$580,000
Sold · October 2, 2026
750-752 NW 52nd Street
0 bed · 0 bath · 1,343 sqft · $432/sqft
$94,900 under the asking price
Sold$760,000
Sold · September 30, 2026
231 NW 44th Street
5 bed · 3 bath · 1,426 sqft · $533/sqft
$72,000 under the asking price
Sold$3,000,000
Sold · September 30, 2026
2428 NW 7th Avenue
0 bed · 0 bath
$500,000 under the asking price
See every recorded sale in ZIP 33127 or find out what your ZIP 33127 home is worth.
