295 NW 42nd St For Sale
Property Details
| Asking Price | $1,500,000 |
|---|---|
| Price per SqFt | $1,027 |
| Property Taxes | $18,763 2025 |
| Interior Space | 1,460 SqFt |
| Beds/Baths | 3/3 |
| Year Built | 1938 |
| Garage | 0 spaces |
| Lot Size | 10,800 SqFt |
| MLS # | A12095610 |
Location
From the listing
A rare 10,800-square-foot double corner lot opportunity in a prime Miami location, offering both rental income and future redevelopment potential. The fully renovated 3-bedroom, 3-bath residence features an in-law suite, impact windows and doors, and lush, fenced grounds, providing a turnkey opportunity to generate income today. The property’s substantial lot size and two-lot configuration also offer the potential to redevelop into two single-family homes under T3-L zoning, subject to applicable approvals. Ideally located just three minutes from the Miami Design District and approximately five minutes from Wynwood and Midtown, the property offers convenient access to some of Miami’s premier dining, shopping, and entertainment. Recent nearby sales further underscore the area’s land and redevelopment activity. A compelling opportunity for an investor, end user, or developer seeking immediate utility with longer-term redevelopment potential.
Listed by Compass Florida, LLC
What It Costs to Own
Monthly, before a mortgage and insurance
Taxes $18,763 for 2025. MLS figures, which may not be accurate.
Sales History for This Home · 295 NW 42nd St
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11248290 | $765,000 | 10/6/22 |
| A10454992 | $370,000 | 6/15/18 |
Listed by Compass Florida, LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.
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295 NW 42nd St, Miami · MLS A12095610 · $1,500,000
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.