3 months on rocket

3421 NW 5th Ave, Miami, FL, 33127

$2,295,000

1.00 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
MLS #A11628132
Lot Size1.00 Acres
StatusActive

About 3421 NW 5th Ave

Amazing development opportunity located in the booming Design District / Wynwood area the property boasts a coveted T6 L allowing multi-story multi-unit developments. The location benefits from high-density T6-L zoning falling within the Wynwood Norte NRD2 overlay, allowing for 150 units per acre, 5 stories by right, with an additional 3 stories available via bonus. Extra large lot with a 7,250 SF. Owner occupied duplex on site that can generate income for the buyer. Just blocks from Wynwood Walls, museums, breweries, boutiques, bistros & bars. Minutes from FTX Arena, Downtown & Mid Town Miami as well as Miami Beach area. Easy access to all major highways and the Turnpike. The property is within close proximity to the I-195 exit which connects to the I-95. Endless possibilities await!!!!

Property Details

Property Features

Listing Office:

  • Office Name: Elite Ocean View Realty LLC
  • Office Phone: (305) 600-1278
  • Listing Agent: Teodoro Palmieri

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Lot Features

Lot Information:

  • Lot Size: 1.00 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,295,000

Tax Information:

  • Annual Amount: $6,925
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

Med. Sold Price

$560.4K

Med. Price/SqFt

$389

Avg. Days On Market

60

# of Sold Homes

698

3421 NW 5th Ave vs Miami

117 DAYS ON ROCKET

+57 Days

$2,295,000

+$1.7M More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11628132

Listing Office:

  • Office Name: Elite Ocean View Realty LLC
  • Office Phone: (305) 600-1278
  • Listing Agent: Teodoro Palmieri

IDX © 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,925$331,109
2018$6,020$251,165
2017$2,202$139,730

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,947

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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.

Nearby Schools

school-card-donut-459297
4
/10
  • Eneida Massas Hartner Elementary School

  • 401 NW 29th St

  • 0.33 miles

  • Public District Grades PK-5

school-card-donut-459298
7
/10
  • Mater Academy of International Studies

  • 795 NW 32nd St

  • 0.43 miles

  • Public Charter Grades KG-5

school-card-donut-459299
5
/10
  • Santa Clara Elementary School

  • 1051 NW 29th Ter

  • 0.66 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,511. The most common annual income of people living in Miami, FL is less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.

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 3421 NW 5th Ave

What is the listing price of this property?

The listing price of 3421 NW 5th Ave property is $2,295,000.

What type of property is this?

The property 3421 NW 5th Ave is land located in Miami, Florida, 33127.

Is this property for sale now?

Active Listing: 3421 NW 5th Ave 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 $6,925 (source: MLS/based on county public records data).

How much acreage is this property?

The property 3421 NW 5th Ave is 1.00 acres.
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Rocket HomesFloridaMiami-Dade CountyMiami331273421 NW 5th Ave

This home is located at 3421 NW 5th Ave in Miami, FL and zip code 33127. This home sits on a 1.00 acre lot. It has been listed on Rocket Homes since July 22, 2024 and is currently priced at $2,295,000.

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 listings 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.

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