351 NW 31st St

Miami, FL 33127

$1,500,000

$904/ft²

3Beds

2Baths

1,660Sq ft

1936Year built

Single-family homeType

About this home

Development Opportunity in a Rapidly Transforming Neighborhood! Prime investment property rezoned from T3 to T4, allowing for the development of up to a 5-unit approx multifamily building. Situated in one of Miami's fastest-growing and most sought-after redevelopment corridors, this offering presents exceptional potential for developers and investors alike. Enjoy a strategic location with convenient access to major highways, vibrant dining and shopping destinations along 1st Avenue and North Miami Avenue, as well as nearby attractions such as Wynwood Walls, Design District and the thriving Wynwood District. Buyer is responsible for independently verifying zoning, allowable density, unit count, and all development potential with the City of Miami. Don't miss the chance to invest in an area experiencing remarkable growth and increasing demand.

Property details

Listing

MLS #: A12037437
Status: For sale
Listed on: Jun 15, 2026
Days on market: 56 days
Listing data updated: Jul 23, 2026

Interior

Beds: 3
Baths: 2
Living area: 1,660 ft²
Price per ft²: $904/ft²

Building & community

Type: Single-family home
Year built: 1936
County: Miami-Dade

Lot & exterior

Lot size: 6,200 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): $7,585
Property taxes (est.): $1,375
Home insurance (est.): $600
Flood insurance (est.): —

Estimated total$9,560*/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?