Price Check
How this price compares
- List price
- $2,000,000
- Price per sq ft
- $935
- Original price
- Unchanged
- Days on market
- 25
This multi-family property in North Gate is listed at $2,000,000, or $935 per square foot. It has been on the market for 25 days.
Estimated monthly payment
$10,511 /mo
Principal and interest only, based on $400,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $2,000,000
- Days on Site
- 25 Days
- Bedrooms
- 0
- Total Baths
- 0
- Living Area
- 2,140 sqft
- Total Sq Ft
- 2,428 sqft
- Year Built
- 1939
- Property Type
- Multi-Family
- MLS #
- A12115034
- Property Tax
- $13,223 (2025)
- Subdivision
- NORTH GATE
- County
- Miami Dade
- Status
- Active
About This Property
MiMo Duplex Estate on an oversized 7,566 SF corner lot at NE 62nd St and NE 5th Ave in Miami’s Upper East Side. This 1939 Streamline two-story building offers two 2 bed / 1 bath units, fully renovated in 2018 with new HVAC, electrical, plumbing, impact windows and doors, and updated kitchens and baths. Both units are currently leased, providing income while you plan for the future. Zoned T4-R, allowing up to 6 units by right. Conceptual renderings are available for a single family estate with pool or five townhouses. Mature trees, curved architecture and a spiral staircase give it true MiMo character. Minutes from the Biscayne Blvd corridor, Morningside, the Design District and Miami Beach. Rare land and income play in one of Miami’s most desirable neighborhoods.
MLS media linkGeneral Features
- Property Type
- Multi-Family
- Status
- Active
- Year Built
- 1939
- Number of Stories
- 2
- Living Sq Ft
- 2,140
- Total Sq Ft
- 2,428
- Structure Type
- Duplex
- Sewer
- Septic Tank
- Zoning
- 3900
Interior Features
- Cooling
- Other
- Heating
- Central / Other / Separate Meters
- Flooring
- Other
Exterior Features
- Construction
- CBS Concrete Block Structure / Block / Other / Stucco
- Roof
- Other
Community & HOA
- Utilities
- Cable Available
- Financing Terms
- Cash
- MLS Area
- 2320
Schools
- Elementary School
- Morningside K-8 Academy (Miami-Dade)
- Middle School
- Horace Mann
- High School
- Miami Edison
About the Community
North Gate is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $799,000 to $2,000,000. Homes were built between 1924 and 2026. Pure Equity lists homes in North Gate 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
- 7
- Under Contract
- 0
- Median List Price
- $1,850,000
- Median $/Sq Ft
- $664
- Avg Days on Market
- 112
Frequently Asked Questions
- How do I schedule a tour of 489 NE 62nd Street, Miami, FL 33138?
- Use the Tour button on this listing to request a showing of 489 NE 62nd Street, Miami, FL 33138. 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 489 NE 62nd Street, Miami, FL 33138 still available?
- 489 NE 62nd Street, Miami, FL 33138 is currently listed as Active, and has been on the market 25 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 489 NE 62nd Street, Miami, FL 33138?
- With 20% down ($400,000) on the $2,000,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 489 NE 62nd Street, Miami, FL 33138 is about $10,511/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 489 NE 62nd Street, Miami, FL 33138?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 489 NE 62nd Street, Miami, FL 33138. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 489 NE 62nd Street, Miami, FL 33138?
- 489 NE 62nd Street, Miami, FL 33138 is zoned for Morningside K-8 Academy (Miami-Dade) (elementary), Horace Mann (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 489 NE 62nd Street, Miami, FL 33138?
- Often, yes. The right offer on 489 NE 62nd Street, Miami, FL 33138 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 Leoni Real Estate Corp.
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 November 14, 2026.
$2,000,000
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Listed by Molli Jo Leoni, Leoni Real Estate Corp.
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Recent Sales
Recently sold homes in North Gate
These are the last 4 recorded closings in North Gate, with the price each home actually sold for rather than what it was listed at. They closed at a median of $583 per square foot. The most recent closed on October 30, 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.
- Photo Coming SoonSold
$760,000
Sold · October 30, 2026
462 NE 64th Street
2 bed · 1 bath · 1,512 sqft · $503/sqft
$28,000 under the asking price
Sold$742,500
Sold · September 14, 2026
446 NE 64th Street
2 bed · 2 bath · 1,024 sqft · $725/sqft
$56,500 under the asking price
Sold$840,000
Sold · August 31, 2026
545 NE 64th Street
0 bed · 0 bath · 1,440 sqft · $583/sqft
$19,000 under the asking price
Sold$840,000
Sold · July 17, 2026
6322 NE 5th Avenue
4 bed · 2 bath · 2,161 sqft · $389/sqft
$157,000 under the asking price
See every recorded sale in North Gate or find out what your North Gate home is worth.
