EXTRAORDINARY 1.3 acre lot in highly sought-after South Coconut Grove. Ready to design and build your dream estate on this expansive 57,756 SF lot, one of the largest lots in Coconut Grove. Steps away from the best schools including Ransom Everglades, Carrollton, St. Stephen's, Plymouth, St. Hugh, Vanguard and Miami Jewish Montessori accessible by a separated pathway for walking and biking along the Commodore Trail. Also walking distance to CocoWalk, marinas, parks, top restaurants and exclusive shopping. Unique opportunity to own the largest parcel of residential land available in Coconut Grove!
Property Details
Property Features
Listing Office:
Office Name: Compass Florida, LLC.
Office Phone: (305) 851-2820
Listing Agent: Liz Hogan
Lot Features
Lot Information:
Lot Size: 1.33 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $9,700,000
Tax Information:
Annual Amount: $54,261
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Miami, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$48.4K
Per Month
Principal & Interest
$48.4K
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
$29.1K
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
5
/10
Frances S. Tucker Elementary School
3500 S Douglas Rd
Distance between this listing and this school0.54 miles
Public Magnet Grades PK-5
10
/10
George Washington Carver Elementary School
238 Grand Ave
Distance between this listing and this school0.70 miles
Public District Grades PK-5
10
/10
Coconut Grove Elementary School
3351 Matilda St
Distance between this listing and this school0.99 miles
Public District Grades PK-5
Nearby Schools
10
/10
George Washington Carver Middle School
4901 Lincoln Dr
Distance between this listing and this school0.61 miles
Public Magnet Grades 6-8
6
/10
Ponce De Leon Middle School
5801 Augusto St
Distance between this listing and this school1.10 miles
Public Magnet Grades 6-8
10
/10
Henry S. West Laboratory School
5300 Carillo St
Distance between this listing and this school1.27 miles
Public Magnet Grades KG-8
Nearby Schools
5
/10
Coral Gables Senior High School
450 Bird Rd
Distance between this listing and this school1.19 miles
Public Magnet Grades 9-12
9
/10
International Studies Preparatory Academy
1570 Madruga Ave
Distance between this listing and this school2.05 miles
Public Magnet Grades 9-12
4
/10
South Miami Senior High School
6856 SW 53rd St
Distance between this listing and this school3.21 miles
The neighbors living near this home have an average income of $169,853. The most common annual income of people living in Miami, FL is $200k+. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3940 S Douglas Rd
What is the listing price of this property?
The listing price of 3940 S Douglas Rd property is $9,700,000.
What type of property is this?
The property 3940 S Douglas Rd is land located in Miami, Florida, 33133.
Is this property for sale now?
Active Listing: 3940 S Douglas Rd 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 $54,261 (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 3940 S Douglas Rd in Miami, FL and zip code 33133 in the Coconut Grove neighborhood. This home sits on a 1.33 acre lot. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $9,700,000.
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. In October 2024 in Miami, FL there were 8.3% more homes for sale than in September 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.
© 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
Skiing/snowboarding
Bloomingdales
Nordstrom
Brooks Brothers
Bonefish Grill
California Pizza Kitchen
Qdoba
Lexus
BMW
Acura
News
Talk/Personality
Sports