Price Check
How this price compares
- List price
- $1,000,000
- Price per sq ft
- $617
- Original price
- $1,300,000
- Days on market
- 698
This multi-family property in Dixie Highway Track is listed at $1,000,000, or $617 per square foot. The asking price has come down 23.1% from its original $1,300,000. It has been on the market for 698 days.
Estimated monthly payment
$5,255 /mo
Principal and interest only, based on $200,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,000,000
- Days on Site
- 698 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 1,620 sqft
- Total Sq Ft
- 1,732 sqft
- Year Built
- 1953
- Property Type
- Multi-Family
- MLS #
- A11674866
- Property Tax
- $6,815 (2025)
- Subdivision
- DIXIE HIGHWAY TRACK
- County
- Miami Dade
- Status
- Active
About This Property
Discover a fantastic investment in this well-maintained multifamily property situated in a thriving neighborhood in an opportunity zone. This property boasts multiple spacious units, each featuring modern finishes, ample natural light, ensuring convenience for both tenants and owners. With a strong rental history and low vacancy rates, it’s an ideal addition to any portfolio. Enjoy the benefits of being in a desirable area with close proximity to local amenities, parks, public transport, restaurant, schools and much more!!!Duplex operating as a fourplex.
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1953
- Property Condition
- Resale
- Number of Stories
- 1
- Living Sq Ft
- 1,620
- Total Sq Ft
- 1,732
- Structure Type
- Duplex
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 5700
Interior Features
- Cooling
- Other
- Heating
- Electric
- Flooring
- Tile
Exterior Features
- Construction
- Block
- Roof
- Shingle
- Exterior Features
- Lighting
- Waterfront Features
- None
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 2320
Schools
- Middle School
- Jose De Diego
- High School
- Miami Edison
About the Community
Dixie Highway Track is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $870,000 to $880,000. Homes were built between 1921 and 1951. Pure Equity lists homes in Dixie Highway Track and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 6
- Median List Price
- $699,999
- Median $/Sq Ft
- $463
- Avg Days on Market
- 348
Frequently Asked Questions
- How do I schedule a tour of 242 NE 55th Terrace, Miami, FL 33137?
- Use the Tour button on this listing to request a showing of 242 NE 55th Terrace, Miami, FL 33137. 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 242 NE 55th Terrace, Miami, FL 33137 still available?
- 242 NE 55th Terrace, Miami, FL 33137 is currently listed as Active, and has been on the market 698 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 242 NE 55th Terrace, Miami, FL 33137?
- With 20% down ($200,000) on the $1,000,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 242 NE 55th Terrace, Miami, FL 33137 is about $5,255/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 242 NE 55th Terrace, Miami, FL 33137?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 242 NE 55th Terrace, Miami, FL 33137. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 242 NE 55th Terrace, Miami, FL 33137?
- 242 NE 55th Terrace, Miami, FL 33137 is zoned for Jose De Diego (middle), Miami Edison (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 242 NE 55th Terrace, Miami, FL 33137?
- Often, yes. The right offer on 242 NE 55th Terrace, Miami, FL 33137 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 Green Lands 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 June 23, 2026.
$1,000,000
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Listed by Silvia Garaza, Green Lands Realty
Map & Location
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Recent Sales
Recently sold homes in Dixie Highway Track
These are the last 6 recorded closings in Dixie Highway Track, with the price each home actually sold for rather than what it was listed at. They closed at a median of $397 per square foot. The most recent closed on August 14, 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$300,000
Sold · August 14, 2026
5575 NE 3rd Avenue
0 bed · 0 bath
$295,000 under the asking price
Sold$470,000
Sold · July 29, 2026
259 NE 57th Street
2 bed · 1 bath · 840 sqft · $560/sqft
$55,000 under the asking price
Sold$390,000
Sold · June 12, 2026
5720 NE Miami Place
3 bed · 1 bath · 938 sqft · $416/sqft
$61,000 under the asking price
Sold$525,000
Sold · May 18, 2026
355 NE 55th Terrace
0 bed · 3 bath · 1,500 sqft · $350/sqft
$50,000 under the asking price
Sold$539,000
Sold · May 4, 2026
294 NE 57th Street
0 bed · 0 bath · 1,366 sqft · $395/sqft
$30,000 under the asking price
Sold$250,000
Sold · March 13, 2026
5602 NE 3rd Avenue
2 bed · 1 bath · 630 sqft · $397/sqft
See every recorded sale in Dixie Highway Track or find out what your Dixie Highway Track home is worth.
