Introducing Biscayne & 108th, a rare opportunity to acquire nearly 2-acres of multi-family development land with protected water views just outside the Miami Shores neighborhood. The site has special allowances for a 177-unit, 8-story multi-family project via covenant, the spacious footprint for which, provides flexibility as far as building and parking layout.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$53.7K
Per Month
Principal & Interest
$53.6K
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
$32.2K
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
Miami Shores Elementary School
10351 NE 5th Ave
Distance between this listing and this school1.14 miles
Public District Grades PK-5
5
/10
W. J. Bryan Elementary School
1201 NE 125th St
Distance between this listing and this school1.14 miles
Public Magnet Grades PK-5
8
/10
Phyllis R. Miller Elementary School
840 NE 87th St
Distance between this listing and this school1.58 miles
Public Magnet Grades PK-5
Nearby Schools
5
/10
North Miami Middle School
700 NE 137th St
Distance between this listing and this school2.00 miles
Public Magnet Grades 6-8
4
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school2.43 miles
Public Magnet Grades 6-8
7
/10
Mater Academy Miami Beach
8625 Byron Ave
Distance between this listing and this school2.85 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
North Miami Senior High School
13110 NE 8th Ave
Distance between this listing and this school1.72 miles
Public Magnet Grades 9-12
8
/10
Doctors Charter School of Miami Shores
11301 NW 5th Ave
Distance between this listing and this school2.30 miles
Public Charter Grades 6-12
1
/10
Dr. Marvin Dunn Academy for Community Education.
8950 NW 2nd Ave
Distance between this listing and this school2.44 miles
The neighbors living near this home have an average income of $42,386. Residents of Miami, FL typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Living In Miami, FL
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Miami, FL?
Miami's housing market is vibrant and diverse, with a mix of luxurious high-rise condos, charming Art Deco apartments, and sprawling waterfront estates. Single-family homes, which make up a significant portion of the market, often showcase a blend of Mediterranean Revival and modern architectural styles. The city's homeownership rate is robust, with a substantial number of residents investing in property, while the remainder of the population opts for the flexibility of renting.
Is Miami, FL a good place to live?
Miami is celebrated for its dynamic cultural scene and lively atmosphere. The city prides itself on being a melting pot of cultures, which is reflected in its vibrant neighborhoods, each with its own unique flair. Annual events like the Calle Ocho Festival and Art Basel Miami Beach highlight the community's rich artistic heritage and diverse cultural identity.
Are things conveniently located in Miami, FL?
The community benefits from a well-rounded array of services, including a network of public and private schools that cater to a range of educational needs. Miami is home to several major hospitals, offering comprehensive healthcare services from emergency care to specialized treatments. The city's public library system is extensive, providing residents with access to a wealth of knowledge and resources. Retail and dining options abound, featuring everything from high-end boutiques to local eateries that serve up a taste of Miami's diverse culinary landscape.
What does the transportation in Miami, FL look like?
Miami's transportation infrastructure is designed to accommodate both residents and visitors. The city offers a variety of public transit options, including the Metrorail, Metromover, and Metrobus systems, with schedules that cater to commuters and those traveling within the city. Ride-sharing services are readily available, enhancing mobility for those who prefer not to drive. The city is also focused on improving walkability and bikeability, particularly in areas like Downtown and Miami Beach. Major highways such as I-95 and the Dolphin Expressway facilitate travel in and out of the city, with ongoing projects aimed at enhancing traffic flow and reducing congestion.
Frequently Asked Questions About 1401 NE 108th St
What is the listing price of this property?
The listing price of 1401 NE 108th St property is $10,750,000.
What type of property is this?
The property 1401 NE 108th St is land located in Miami, Florida, 33161.
Is this property for sale now?
Active Listing: 1401 NE 108th 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 $11,662 (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 1401 NE 108th St in Miami, FL and zip code 33161. This home sits on a 1.84 acre lot. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $10,750,000.
Over 62 listings were sold over their listed price in October 2024 in Miami, FL. In the same period over 507 listings were sold below the listed price and 129 listings were sold for the listed price. The number of homes for sale in Miami, FL increased by 8.3% between September 2024 and October 2024. The median list price of listings available in October 2024 was $560,436, while the average time on the real estate market 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.
Men's Tennis
Men's Tennis
Pro Boxing
Nordstrom Rack
Crate & Barrel
IKEA
The Cheesecake Factory
Starbucks
Quiznos
Volvo
BMW
Lexus
News
Soft Adult Contemporary
Jazz