Introducing nearly 5 Acres for sale on Historic Miller Dr in Miami's coveted Horse Country. When space & privacy means everything, look no further: Join the elite few & build your legacy in a timeless investment. Miami's Horse Country offers the classic allure of the equestrian lifestyle for those searching for balance of privacy & nature. The large lots of Horse Country has seen flourish a behind-the-gates lifestyle of custom estates, mins away from major business districts, highways & schools-- offering peace & private resort living. Currently a successful palm grove nursery, your options are limitless: Build, assemble, subdivide. The vision is yours to build. Land & Location are the Cornerstones of Real Estate Success--Don't miss this unique opportunity!
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$28.7K
Per Month
Principal & Interest
$28.6K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$17.3K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Royal Green Elementary School
13047 SW 47th St
Distance between this listing and this school0.76 miles
Public District Grades PK-5
10
/10
Archimedean Academy
12425 SW 72nd St
Distance between this listing and this school0.98 miles
Public Charter Grades KG-5
6
/10
Academir Preparatory Academy
5800 SW 135th Ave
Distance between this listing and this school1.04 miles
Public Charter Grades KG-5
Nearby Schools
7
/10
Howard D. McMillan Middle School
13100 SW 59th St
Distance between this listing and this school0.61 miles
Public Magnet Grades 6-8
10
/10
Archimedean Middle Conservatory
12425 SW 72nd St
Distance between this listing and this school0.97 miles
Public Charter Grades 6-8
9
/10
Somerset Palms Academy
12001 SW 72nd St
Distance between this listing and this school1.03 miles
Public Charter Grades KG-8
Nearby Schools
10
/10
Archimedean Upper Conservatory
12425 SW 72nd St
Distance between this listing and this school0.97 miles
Public Charter Grades 9-12
4
/10
Miami Sunset Senior High School
13125 SW 72nd St
Distance between this listing and this school1.07 miles
Public Magnet Grades 9-12
8
/10
Pinecrest Preparatory Academy Charter High School
14901 SW 42nd St
Distance between this listing and this school2.07 miles
The neighbors living near this home have an average income of $39,891. The most common annual income of people living in Miami, FL is less than $35k. Most families are married, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 12475 SW 56th St
What is the listing price of this property?
The listing price of 12475 SW 56th St property is $5,750,000.
What type of property is this?
The property 12475 SW 56th St is land located in Miami, Florida, 33175.
Is this property for sale now?
Active Listing: 12475 SW 56th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $7,238 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 12475 SW 56th St in Miami, FL and zip code 33175 in the Horse Country neighborhood. This home sits on a 4.64 acre lot. It has been listed on Rocket Homes since January 05, 2024 and is currently priced at $5,750,000.
In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. In October 2024 in Miami, FL there were 8.3% more homes for sale than in September 2024. In October 2024 median list price was $560,436 and the average listing age was 60 days.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Horse Races
Horse Races
Minor League Baseball Games
Symphony or Opera
Stein Mart
New York & Company
Chico's
LongHorn Steakhouse
Chick-fil-A
Boston Market
Buick
Kia
Volvo
Contemporary Inspirational
Active Rock