StatusAccepting Backup Offers (Active Under Contract)
About 2900 S Miami Ave
Approved Site Plan to Build 2 Homes and 15 Villas. $7,500 000 Multi folio sale, vacant land, one home currently producing income, no signed leases, month to month rent, 3 houses ready to demolition. Amazing opportunity to acquire a turnkey development site approved for 2 homes + 15 villas, on a gated urban community. Entitled/buildable up to 45,012 SQ FT of new construction, This Private community features frontage along North Miami Ave and South Federal Highway, gated complex, drainage and mature trees. Desirable Location with high demand for Sigle-family homes, villas, townhouses. Multi Folio sale. Walking distance to Key Biscayne beach's, Coconut Grove, Brickell Business District, Brickell City Centre Mall, Bayside Marketplace.
Property Details
Property Features
Listing Office:
Office Name: Real Estate and Investments Services of Florida
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$37.5K
Per Month
Principal & Interest
$37.4K
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
$22.5K
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
Coral Way K-8 Center
1950 SW 13th Ave
Distance between this listing and this school0.65 miles
Public District Grades PK-5
7
/10
Southside Elementary School
45 SW 13th St
Distance between this listing and this school1.16 miles
Public Magnet Grades PK-5
10
/10
Mater Academy East Charter
450 SW 4th St
Distance between this listing and this school1.41 miles
Public Charter Grades KG-5
Nearby Schools
5
/10
Shenandoah Middle School
1950 SW 19th St
Distance between this listing and this school1.28 miles
Public Magnet Grades 6-8
10
/10
Ada Merritt K-8 Center
660 SW 3rd St
Distance between this listing and this school1.45 miles
Public Magnet Grades PK-8
9
/10
Lincoln-Marti Charter School Little Havana Campus
970 W Flagler St # 984
Distance between this listing and this school1.61 miles
Public Charter Grades KG-8
Nearby Schools
9
/10
Mater Academy East Charter High School
998 SW 1st St
Distance between this listing and this school1.58 miles
Public Charter Grades 9-12
10
/10
Young Womens Preparatory Academy
1150 SW 1st St
Distance between this listing and this school1.61 miles
Public Magnet Grades 6-12
6
/10
Charter High School of the Americas
970 W Flagler St # 984
Distance between this listing and this school1.61 miles
The neighbors living near this home have an average income of $74,760. Residents of Miami, FL typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2900 S Miami Ave
What is the listing price of this property?
The listing price of 2900 S Miami Ave property is $7,500,000.
What type of property is this?
The property 2900 S Miami Ave is land located in Miami, Florida, 33129.
Is this property for sale now?
Accepting Backup Offers: 2900 S Miami Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $5,151 (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 2900 S Miami Ave in Miami, FL and zip code 33129 in the Coconut Grove neighborhood. This home sits on a 1.30 acre lot. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $7,500,000.
Miami, FL housing market in October 2024 saw over 62 listings sold above listed price, more than 129 sold at listed price and over 507 sold below. The number of listings in Miami, FL increased by 8.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 60 days, the median list price was $560,436.
From Rocket Homes Real Estate and based on county public records data.