$2,250,000
250 NE 119th Terrace
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $2,250,000
- Price per sq ft
- $402
- Original price
- $3,250,000
- Days on market
- 162
This multi-family property in Bellevue Biscayne is listed at $2,250,000, or $402 per square foot. The asking price has come down 30.8% from its original $3,250,000. It has been on the market for 162 days.
Estimated monthly payment
$11,825 /mo
Principal and interest only, based on $450,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,250,000
- Days on Site
- 162 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 5,600 sqft
- Year Built
- 2026
- Property Type
- Multi-Family
- MLS #
- A11950336
- Property Tax
- $10,242 (2025)
- Subdivision
- BELLEVUE BISCAYNE
- County
- Miami Dade
- Status
- Active
About This Property
Brand-new two-story duplex offering exceptional flexibility and income potential in North Miami Beach. Each side is currently configured as a spacious 4-bedroom, 4-bathroom residence spanning two full floors, totaling approximately 5,600 sq ft of new construction.The layout provides an opportunity for functional separation between upper and lower levels. With proper permits and approvals, the property may be reconfigured into four separate units. Using the current layout, this could result in four 2-bedroom, 2-bathroom units, each offering approximately 1,400 sq ft — an extremely generous size that supports strong rental income potential.Additionally, the floor plan allows the possibility to add another bedroom per unit (subject to approvals), creating four 3-bedroom, 2-bathroom units, further enhancing rental value and long-term return.Features include balconies, in-unit washer and dryer, individually metered A/C systems, and on-site parking.Ideal opportunity for investors seeking new construction with immediate usability and significant upside through strategic reconfiguration (buyer to verify all feasibility with the city).
Virtual TourGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 2026
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 2
- Living Sq Ft
- 5,600
- Structure Type
- Duplex
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 5700
Interior Features
- Cooling
- Central Air / Electric
- Heating
- Central / Electric / Separate Meters
- Flooring
- Tile
Exterior Features
- Construction
- Block
- Roof
- Other
- Exterior Features
- Balcony / Outdoor Living Area / Room For Pool
- Patio & Porch
- Balcony
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 2220
Schools
- Elementary School
- Gratigny
- Middle School
- North Miami
- High School
- North Miami
About the Community
- Homes for Sale
- 1
- Median List Price
- $2,250,000
- Median $/Sq Ft
- $402
- Avg Days on Market
- 162
Frequently Asked Questions
- How do I schedule a tour of 250 NE 119th Terrace, Miami, FL 33161?
- Use the Tour button on this listing to request a showing of 250 NE 119th 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 250 NE 119th Terrace, Miami, FL 33161 still available?
- 250 NE 119th Terrace, Miami, FL 33161 is currently listed as Active, and has been on the market 162 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 250 NE 119th Terrace, Miami, FL 33161?
- With 20% down ($450,000) on the $2,250,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 250 NE 119th Terrace, Miami, FL 33161 is about $11,825/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 250 NE 119th Terrace, Miami, FL 33161?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 250 NE 119th 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 250 NE 119th Terrace, Miami, FL 33161?
- 250 NE 119th Terrace, Miami, FL 33161 is zoned for Gratigny (elementary), North Miami (middle), North Miami (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 250 NE 119th Terrace, Miami, FL 33161?
- Often, yes. The right offer on 250 NE 119th 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 Compass Florida, LLC
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.
$2,250,000
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Listed by Talita Nunes Pinheiro, Compass Florida, LLC
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Recent Sales
Recently sold homes in Bellevue Biscayne
These are the last 5 recorded closings in Bellevue Biscayne, with the price each home actually sold for rather than what it was listed at. They closed at a median of $652 per square foot. The most recent closed on July 28, 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$675,000
Sold · July 28, 2026
12001 W Biscayne Canal Road
0 bed · 0 bath · 1,559 sqft · $433/sqft
$75,000 under the asking price
Sold$480,000
Sold · February 11, 2026
12001 W Biscayne Canal Road
0 bed · 0 bath · 1,559 sqft · $308/sqft
$259,107 under the asking price
Sold$1,585,000
Sold · February 11, 2026
11975 W Biscayne Canal Road
6 bed · 3 bath · 2,431 sqft · $652/sqft
$15,000 under the asking price
Sold$1,300,000
Sold · October 14, 2025
235 NE 117th
3 bed · 2.5 bath · 1,826 sqft · $712/sqft
$75,000 under the asking price
Sold$850,000
Sold · August 21, 2025
11945 W Biscayne Canal Road
3 bed · 2 bath · 1,247 sqft · $682/sqft
See every recorded sale in Bellevue Biscayne or find out what your Bellevue Biscayne home is worth.
