Price Check
How this price compares
- List price
- $720,000
- Price per sq ft
- $396
- Vs. nearby sales
- 7.6% above
- Days on market
- 69
This multi-family property in Biscayne Court is listed at $720,000, or $396 per square foot. The asking price has come down 3.9% from its original $749,000. It has been on the market for 69 days. The 3 most recent multi-family property sales in the closings shown below sold at a median of $368 per square foot, so the asking price is 7.6% above what comparable homes here actually sold for.
Estimated monthly payment
$3,784 /mo
Principal and interest only, based on $144,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $720,000
- Days on Site
- 69 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 1,820 sqft
- Total Sq Ft
- 1,892 sqft
- Year Built
- 1971
- Property Type
- Multi-Family
- MLS #
- A12053910
- Property Tax
- $9,094 (2025)
- Subdivision
- BISCAYNE COURT
- County
- Miami Dade
- Status
- Active
About This Property
Turnkey Income-Producing Duplex! Don’t miss this exceptional investment opportunity in the growing Biscayne Court area of Miami. This well-kept duplex consists of two spacious 2-bedroom, 2-bath residences, each featuring central air conditioning, tile floors, in-unit washer and dryer, separate electric meters, and private entrances. Currently fully leased with stable rental income of $4,400 per month ($2,250 and $2,150), offering immediate cash flow from day one. The property is ideally situated just off Biscayne Boulevard near Whole Foods, shopping centers, restaurants, universities, parks, and major commuter routes, making it highly desirable to tenants. Its central location provides convenient access to Downtown Miami, Miami Shores, North Miami, Aventura, and beautiful beaches. Whether you’re a seasoned investor completing a 1031 exchange or a buyer seeking to offset your mortgage by occupying one unit while renting the other, this duplex represents an outstanding opportunity in a high-demand rental market with strong long-term appreciation potential.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1971
- Property Condition
- Resale
- Number of Stories
- 1
- Living Sq Ft
- 1,820
- Total Sq Ft
- 1,892
- Structure Type
- Duplex
- Zoning
- 5700
Interior Features
- Cooling
- Electric
- Heating
- Central / Electric / Separate Meters
- Flooring
- Tile
Exterior Features
- Construction
- Block
- Roof
- Shingle
Community & HOA
- Utilities
- Cable Not Available / Sewer Available
- Financing Terms
- Conventional / FHA / Va Loan
- MLS Area
- 2220
Schools
- Elementary School
- David Lawrence Jr. K-8
- Middle School
- North Miami
- High School
- Alonzo and Tracy Mourning
About the Community
- Homes for Sale
- 1
- Under Contract
- 0
- Median List Price
- $720,000
- Median $/Sq Ft
- $396
- Avg Days on Market
- 69
Frequently Asked Questions
- How do I schedule a tour of 1429 NE 118th Terrace, Miami, FL 33161?
- Use the Tour button on this listing to request a showing of 1429 NE 118th Terrace, Miami, FL 33161. 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 1429 NE 118th Terrace, Miami, FL 33161 still available?
- 1429 NE 118th Terrace, Miami, FL 33161 is currently listed as Active, and has been on the market 69 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 1429 NE 118th Terrace, Miami, FL 33161?
- With 20% down ($144,000) on the $720,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 1429 NE 118th Terrace, Miami, FL 33161 is about $3,784/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 1429 NE 118th Terrace, Miami, FL 33161?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 1429 NE 118th Terrace, Miami, FL 33161. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 1429 NE 118th Terrace, Miami, FL 33161?
- 1429 NE 118th Terrace, Miami, FL 33161 is zoned for David Lawrence Jr. K-8 (elementary), North Miami (middle), Alonzo and Tracy Mourning (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 1429 NE 118th Terrace, Miami, FL 33161?
- Often, yes. The right offer on 1429 NE 118th Terrace, Miami, FL 33161 depends on how it's priced against comparable multi-family 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 Casanova International Realty
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 19, 2026.
$720,000
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Listed by Lazara Cruz-Casanova, Casanova International Realty
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Recent Sales
Recently sold homes in Biscayne Court
These are the last 4 recorded closings in Biscayne Court, with the price each home actually sold for rather than what it was listed at. They closed at a median of $368 per square foot. The most recent closed on April 26, 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$430,000
Sold · April 26, 2026
1450 NE 118th Street
3 bed · 2 bath · 1,358 sqft · $317/sqft
$40,000 under the asking price
Sold$680,000
Sold · February 20, 2026
1550 NE 118th Terrace
0 bed · 0 bath · 1,848 sqft · $368/sqft
$9,000 under the asking price
Sold$500,000
Sold · November 5, 2025
1550 NE 118th Terrace
4 bed · 4 bath · 1,848 sqft · $271/sqft
$160,000 under the asking price
Sold$685,000
Sold · August 18, 2025
1540 NE 118th Street
0 bed · 0 bath · 1,720 sqft · $398/sqft
See every recorded sale in Biscayne Court or find out what your Biscayne Court home is worth.
