Located in the heart of Wynwood’s dynamic 5th Avenue quadrant, this vacant 6,850 square foot lot offers a prime development opportunity in one of Miami’s most vibrant commercial districts. With its spacious layout and strategic position, this site is ideally suited for various potential uses, including office, retail, mixed-use, or hospitality projects. Additionally, the zoning is part of the Wynwood NRD overlay and grants developers various incentives for development purposes. This 6,850-square-foot lot represents a unique chance to acquire valuable land in one of Miami’s most sought-after markets, with the flexibility to develop a standout property capitalizing on Wynwood’s growth and energy.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$12.5K
Per Month
Principal & Interest
$12.4K
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
$7,562
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
4
/10
Eneida Massas Hartner Elementary School
401 NW 29th St
Distance between this listing and this school0.14 miles
Public District Grades PK-5
7
/10
Mater Academy of International Studies
795 NW 32nd St
Distance between this listing and this school0.43 miles
Public Charter Grades KG-5
5
/10
Paul Laurence Dunbar K-8 Center
505 NW 20th St
Distance between this listing and this school0.51 miles
Public District Grades PK-5
Nearby Schools
2
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school0.20 miles
Public District Grades 6-8
7
/10
Mater Academy Middle School of International Studies
795 NW 32nd St
Distance between this listing and this school0.43 miles
Public Charter Grades 6-9
3
/10
Georgia Jones-Ayers Middle School
1331 NW 46th St
Distance between this listing and this school1.38 miles
Public District Grades 6-8
Nearby Schools
5
/10
Young Men's Preparatory Academy
3001 NW 2nd Ave
Distance between this listing and this school0.34 miles
Public Magnet Grades 6-12
7
/10
Miami Arts Charter
95 NW 23rd St
Distance between this listing and this school0.49 miles
Public Charter Grades 6-12
10
/10
Design & Architecture Senior High School
4001 NE 2nd Ave
Distance between this listing and this school1.09 miles
The neighbors living near this home have an average income of $19,886. Typical income of Miami, FL residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically 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.
Types of housing 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.
What is it like to live in Miami, FL?
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.
Is it easy to get around Miami, FL without a car?
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.
Transportation in Miami, FL.
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 523 NW 28th St
What is the listing price of this property?
The listing price of 523 NW 28th St property is $2,500,000.
What type of property is this?
The property 523 NW 28th St is land located in Miami, Florida, 33127.
Is this property for sale now?
Active Listing: 523 NW 28th 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 $14,893 (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 523 NW 28th St in Miami, FL and zip code 33127. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $2,500,000.
In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. The inventory of homes for sale in Miami, FL between September 2024 and October 2024 increased by 8.3%. 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.
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Foot Locker
H&M
Burlington
Little Caesars
Boston Market
White Castle
Dodge
Honda
Kia
Urban Adult Contemporary
Rhythmic Contemporary Hits