Home in 351 NW 31st Street, Miami, FL 33127 for sale with MLS# A12037437

Development Opportunity in a Rapidly Transforming Neighborhood! Prime investment property rezoned from T3 to T4, allowing for the development of up to a 5-unit approx multifamily building. Situated in one of Miami's fastest-growing and most sought-after redevelopment corridors, this offering presents exceptional potential for developers and investors alike. Enjoy a strategic location with convenient access to major highways, vibrant dining and shopping destinations along 1st Avenue and North Miami Avenue, as well as nearby attractions such as Wynwood Walls, Design District and the thriving Wynwood District. Buyer is responsible for independently verifying zoning, allowable density, unit count, and all development potential with the City of Miami. Don't miss the chance to invest in an area experiencing remarkable growth and increasing demand.

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Days on the market

351 NW 31st Street, Miami, FL 33127

Price
Price:
$1,500,000.00
Original List Price:
$1,500,000.00
List Price per Sq Ft (Calculated, Approx.):
$903.61
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Single Family House
Description of Last Important Update:
New Listing
Last Major Update on:
June 15, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
3
Bathrooms Total:
2
Full Bath:
2
Room Type:
Family Room
Master Bedroom Bath:
Bedroom On Entry Level
Measures
Living Area:
1,660 Sqft
Built-Up Area:
1,810 Sqft
Lot Features:
Fruit Tree(s)
Lot Size Acres:
0.14
Property Features
Waterfront:
No
Security:
Smoke Detector(s)
Appliances:
Dryer, Refrigerator, Washer, Electric Range, Electric Water Heater
Interior:
Storage
Exterior:
Awning(s)
Patio and Porch:
Patio
Air Conditioning
Air Conditioning System:
Central Air, Ceiling Fan(s)
Heating
Heating System:
Central
Fence:
Fenced
Property Entrance Faces:
South
Construction
Year Built:
1936
Roof:
Shingle
Levels:
One
Entry Level (floor):
1
Construction Materials:
CBS
Flooring:
Ceramic Tile
Number of stories:
1
Flood Zone Code:
X
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$6,929.00
Tax Year:
2025
Property Tax Details:
City/County
Parking
Garage
Garage Spaces:
3
Carport Spaces:
1
Covered Spaces:
4
Parking Features:
On Street, Detached Carport, Carport
Carport
Utilities
Sewer:
Public Sewer
Water Source:
Public
Community
Pets Allowed?
Subdivision Name:
NORTHERN BLVD TRACK
Senior Community:
No
Restrictions:
No Restrictions
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash, Conventional, 1031 Exchange
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
25 53 41 NORTHERN BLVD TR PB 2-29 LOT 17 LESS N20FT BLK 5 LOT SIZE 50.000 X 124 OR 13112-274 1186 1
Real Estate Folio Number (Parcel Number):
0131250240950
Zoning:
3900
Public Schools Assigned
Elementary School:
Watkins
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
June 15, 2026
Listing Agreement executed on:
June 15, 2026
Listing Status Last Changed On:
June 15, 2026 4:00 am
Photos updated on:
July 23, 2026 2:47 am
Last Modified:
July 23, 2026 2:48 am
Additional Information
Courtesy of:
Luxe Properties
Attribution:
Not provided
Location
Street Name:
31st
Street Number:
351
City:
Miami
State:
Florida
Zip Code:
33127
County:
Miami-Dade
Latitude:
N25° 48' 21''
Longitude:
W81° 47' 51.4''
Street Suffix:
Street
Street Direction Prefix:
NW
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $41,125
Median Home Value $398,800
Median Rent $1,394/mo
Median Age 36
Population 27,585

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 45 Good
☀️ O3 35 Good
🫁 PM2.5 45 Good
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Ver la Propiedad Ver la propiedad 351 NW 31st Street, Miami, FL 33127
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is 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. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.