$799,000
473 NE 61st St, Miami FL 33137
58 days on market
- Bedrooms
- 5
- Bathrooms
- 2
- Living area
- 1,520 sqft
- Price per sqft
- $526
- Type
- Single Family Residence
- Year built
- 1925
- Taxes
- $10,275/yr
- MLS #
- A12082857
About this home
CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.
Estimated subtotal
$856/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $856
- HOANot in the MLS record
- Not included
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Miami, 33137
What to check here
Compare association costs, flood exposure and financing across distinct condo submarkets.
Listing courtesy of Douglas Elliman
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.