$2,000,000
Sold · August 28, 2026
525 SW 1st Avenue
Explore the area: Homestead homes for sale · Miami Dade County real estate
Sale Summary
What this home sold for
- Sold price
- $2,000,000
- Vs. list price
- 2.4% under
- Days on market
- 170
- Price per sq ft
- N/A
This commercial property in ZIP 33030 sold for $2,000,000 on August 28, 2026. That was 2.4% below its final list price of $2,050,000. It spent 170 days on the market.
Listing Snapshot
- Sold Price
- $2,000,000
- Sold On
- August 28, 2026
- Days on Site
- 170 Days
- Bedrooms
- 0
- Total Baths
- 0
- Total Sq Ft
- 9,628 sqft
- Lot Size
- 0.33 Acres
- Year Built
- 1973
- Property Type
- Commercial
- MLS #
- A12000553
- Property Tax
- $28,906 (2025)
- County
- Miami Dade
- Status
- Sold
About This Property
525 SW 1st Avenue is a 12-unit building located in Homestead, FL. The property is made up of 12 expansive 802 SF 1 bedroom 1 bathroom apartments with walk in closets, full size kitchens formal dining and living areas. The units all feature central air conditioning along with impact windows and doors. These spacious units provide an owner with long term tenants and excellent average rent of $1,560. The property ais up to date with the 40-year recertification through the City of Homestead . This asset allows an investor to step in to an asset that is producing excellent cashflow along with some rental upside through more section 8 tenants and other potential strategies. The new owner of the property will be stepping into a building with excellent in place cashflow but will still have some rental upside. The building is well suited for section 8 and market rate tenants with the significant amount of employment in South Dade and the Florida Keys. These units provide essential workforce housing in a high occupancy market and will standout amongst rental product available in the area due to size and condition. Area rents are continually increasing as the demand for affordable housing expands throughout South Florida.
MLS media linkGeneral Features
- Property Type
- Commercial
- Status
- Sold
- Year Built
- 1973
- Parking
- Common
- Lot Size (Acres)
- 0.33
- Total Sq Ft
- 9,628
- Zoning
- 9400
Interior Features
- Cooling
- Central Air
- Heating
- Central / Individual
Exterior Features
- Construction
- Block
Community & HOA
- Financing Terms
- Cash / Conventional / Exchange1031
- MLS Area
- 2780
About the Area
Browse Homestead homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Homestead includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Homestead listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 1,590
- Under Contract
- 379
- Median List Price
- $440,000
- Median Sale Price (September)
- $471,000
- Median $/Sq Ft
- $261
- Avg Days on Market
- 123
Frequently Asked Questions
- How do I schedule a tour of 525 SW 1st Avenue, Homestead, FL 33030?
- Use the Tour button on this listing to request a showing of 525 SW 1st Avenue, Homestead, FL 33030. 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 525 SW 1st Avenue, Homestead, FL 33030 still available?
- 525 SW 1st Avenue, Homestead, FL 33030 is currently listed as Sold, and has been on the market 170 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 525 SW 1st Avenue, Homestead, FL 33030?
- With 20% down ($410,000) on the $2,050,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 525 SW 1st Avenue, Homestead, FL 33030 is about $10,774/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 525 SW 1st Avenue, Homestead, FL 33030?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 525 SW 1st Avenue, Homestead, FL 33030. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Can I negotiate the price of 525 SW 1st Avenue, Homestead, FL 33030?
- Often, yes. The right offer on 525 SW 1st Avenue, Homestead, FL 33030 depends on how it's priced against comparable commercial sales in Homestead, 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 MSP Group, 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.
$2,000,000
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Listed by Samuel John Mekras, MSP Group, LLC
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Recent Sales
Recently sold homes in ZIP 33030
These are the last 6 recorded closings in ZIP 33030, with the price each home actually sold for rather than what it was listed at. They closed at a median of $267 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$145,000
Sold · October 13, 2026
538 NW 6th Avenue
0 bed · 0 bath
$29,900 under the asking price
Sold$1,465,000
Sold · October 9, 2026
45 NW 4th Street
0 bed · 0 bath
$234,999 under the asking price
Sold$480,000
Sold · October 9, 2026
1759 W Mowry Court
5 bed · 3 bath · 1,425 sqft · $337/sqft
$14,000 under the asking price
Sold$449,900
Sold · October 1, 2026
948 NW 9th Court
3 bed · 2 bath · 1,858 sqft · $242/sqft
$13,100 under the asking price
Sold$875,000
Sold · September 30, 2026
32360 SW 204th Avenue
4 bed · 3.5 bath · 3,274 sqft · $267/sqft
Sold$809,140
Sold · September 30, 2026
17464 SW 286 Street
5 bed · 3.5 bath · 3,108 sqft · $260/sqft
$4,950 under the asking price
See every recorded sale in ZIP 33030 or find out what your ZIP 33030 home is worth.
