$1,999,000
550 NE 127th Street
North Miami, FL 33161
Explore the area: North Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $1,999,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 116
This lot in ZIP 33161 is listed at $1,999,000. It has been on the market for 116 days.
Estimated monthly payment
$10,506 /mo
Principal and interest only, based on $399,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,999,000
- Days on Site
- 116 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 16500 Acres
- Property Type
- Land
- MLS #
- A11964527
- Property Tax
- $12,359 (2025)
- Subdivision
- GRIFFING BISC PK EST
- County
- Miami Dade
- Status
- Active
About This Property
Rare shovel-ready 16-unit multifamily development opportunity in North Miami. Fully approved plans and zoning in place. 17,384 total buildable SF across 16 units (8 2/1s, 6 3/2s, 2 4/3s). Strong rental comps averaging ~$2.85/SF. Ideal for long-term hold investor, family office, or builder seeking reduced entitlement risk. All approvals complete — ready for immediate vertical construction. Offering includes land and approved plans.
General Features
- Property Type
- Land
- Status
- Active
- Lot Size (Acres)
- 16500
- Water Source
- Public
- Zoning
- 0700
Exterior Features
- Lot Features
- City Lot
Community & HOA
- Utilities
- Other / Sewer Available
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- Restrictions
- City Restrictions
- MLS Area
- 2220
Schools
- Elementary School
- Arch Creek
- Middle School
- North Miami
- High School
- North Miami
About the Community
- Homes for Sale
- 3
- Under Contract
- 0
- Median List Price
- $1,200,000
- Median $/Sq Ft
- $399
- Avg Days on Market
- 92
Frequently Asked Questions
- How do I schedule a tour of 550 NE 127th Street, North Miami, FL 33161?
- Use the Tour button on this listing to request a showing of 550 NE 127th Street, North 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 550 NE 127th Street, North Miami, FL 33161 still available?
- 550 NE 127th Street, North Miami, FL 33161 is currently listed as Active, and has been on the market 116 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 550 NE 127th Street, North Miami, FL 33161?
- With 20% down ($399,800) on the $1,999,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 550 NE 127th Street, North Miami, FL 33161 is about $10,506/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 550 NE 127th Street, North Miami, FL 33161?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 550 NE 127th Street, North 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 550 NE 127th Street, North Miami, FL 33161?
- 550 NE 127th Street, North Miami, FL 33161 is zoned for Arch Creek (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 550 NE 127th Street, North Miami, FL 33161?
- Often, yes. The right offer on 550 NE 127th Street, North Miami, FL 33161 depends on how it's priced against comparable land sales in North 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 Keller Williams Realty SW
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.
$1,999,000
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Listed by Alberto Vasquez, Keller Williams Realty SW
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Recent Sales
Recently sold homes in ZIP 33161
These are the last 6 recorded closings in ZIP 33161, with the price each home actually sold for rather than what it was listed at. They closed at a median of $393 per square foot. The most recent closed on October 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$815,000
Sold · October 14, 2026
12325 NE 2nd Court
3 bed · 2 bath · 2,072 sqft · $393/sqft
$85,000 under the asking price
Sold$550,000
Sold · October 13, 2026
12955 NE 11th Avenue
2 bed · 2 bath · 1,348 sqft · $408/sqft
$24,900 under the asking price
Sold$925,000
Sold · October 7, 2026
125 NE 146TH Street
2 bed · 2 bath · 1,636 sqft · $565/sqft
$25,000 under the asking price
Sold$158,000
Sold · October 2, 2026
1470 NE 123rd Street A104
1 bed · 1 bath · 782 sqft · $202/sqft
Sold$265,000
Sold · October 1, 2026
14241 Memorial Hwy 9f Highway
2 bed · 2 bath · 1,182 sqft · $224/sqft
$5 over the asking price
Sold$410,000
Sold · September 28, 2026
185 NE 129th Street
3 bed · 2 bath · 1,831 sqft · $224/sqft
$39,900 under the asking price
See every recorded sale in ZIP 33161 or find out what your ZIP 33161 home is worth.
