Opportunity to purchase a prime development lot in a rapidly emerging neighborhood. 159 NE 64 Street is located between the Magic City Innovation District and the red hot Little River market, locations tapped by pioneering investors to undergo a Wynwood like transformation. The lot allows development up to 5 stories and 29 residential units as well as office, hotel, and certain retail uses. The immediate neighborhood has seen the introduction of a variety of neighborhood changing occupants such as trendy entertainment venues, fitness facilities, a local favorite steak house, a popular Padel Ball club, and even a Michelin Star restaurant. This boutique development site offers a developer or investor the chance to bank in on the future appreciation of Miami’s fastest growing neighborhood.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,754
Per Month
Principal & Interest
$7,687
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
$4,684
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
Toussaint L'Ouverture Elementary School
120 NE 59th St
Distance between this listing and this school0.40 miles
Public District Grades PK-5
6
/10
Morningside K-8 Academy
6620 NE 5th Ave
Distance between this listing and this school0.41 miles
Public Magnet Grades PK-5
7
/10
Edison Park K-8 Center
500 NW 67th St
Distance between this listing and this school0.73 miles
Public District Grades PK-5
Nearby Schools
4
/10
Horace Mann Middle School
8950 NW 2nd Ave
Distance between this listing and this school1.61 miles
Public Magnet Grades 6-8
3
/10
Georgia Jones-Ayers Middle School
1331 NW 46th St
Distance between this listing and this school2.01 miles
Public District Grades 6-8
2
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school2.15 miles
Public District Grades 6-8
Nearby Schools
7
/10
Itech@Thomas a Edison Educational Center
6101 NW 2nd Ave
Distance between this listing and this school0.50 miles
Public Magnet Grades 9-12
3
/10
Miami Edison Senior High School
6161 NW 5th Ct
Distance between this listing and this school0.77 miles
Public Magnet Grades 9-12
4
/10
Miami Northwestern Senior High School
1100 NW 71st St
Distance between this listing and this school1.33 miles
The neighbors living near this home have an average income of $20,000. Most Miami, FL residents have annual incomes less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 159 NE 64th St
What is the listing price of this property?
The listing price of 159 NE 64th St property is $1,540,000.
What type of property is this?
The property 159 NE 64th St is land located in Miami, Florida, 33138.
Is this property for sale now?
Active Listing: 159 NE 64th 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 $7,262 (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 159 NE 64th St in Miami, FL and zip code 33138 in the Buena Vista neighborhood. This home sits on a 0.44 acre lot. It has been listed on Rocket Homes since January 10, 2024 and is currently priced at $1,540,000.
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 inventory of homes for sale in Miami, FL between September 2024 and October 2024 increased by 8.3%. 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.