287 NW 31st St

Miami, FL 33127

$1,275,000

$1,015/ft²

3Beds

1Baths

1,256Sq ft

1930Year built

Single-family homeType

About this home

7,200 sqft lot development opportunity in the highly sought-after Wynwood Norte area. This prime T-4R property with NRD-2 Zoning Overlay offers the potential to build up to 16 units by right, with no parking requirements. The site is also well-suited for luxury townhome development. Ideally located just minutes from Wynwood, Midtown, and the Design District, with convenient access to I-95 and I-195. The property currently features a 3-bedroom, 1-bath single-family home generating approximately $3,000/month in rental income. Within walking distance to numerous restaurants, retail, entertainment venues, art galleries, and several Michelin-recognized dining spots. Positioned south of the Design District and west of Midtown, Wynwood Norte continues to experience strong growth with numerous new developments transforming the neighborhood.

Property details

Listing

MLS #: A11980020
Status: For sale
Listed on: Mar 9, 2026
Days on market: 154 days
Listing data updated: Mar 11, 2026

Interior

Beds: 3
Baths: 1
Living area: 1,256 ft²
Price per ft²: $1,015/ft²

Building & community

Type: Single-family home
Year built: 1930
County: Miami-Dade

Lot & exterior

Lot size: 7,200 ft²

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $6,447
Property taxes (est.): $1,169
Home insurance (est.): $600
Flood insurance (est.): —

Estimated total$8,216*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?