The Story

295 Northwest 42nd Street

Miami, FL 33127 · Home

A rare 10,800-square-foot double corner lot opportunity in a prime Miami location, offering both rental income and future redevelopment potential. The fully renovated 3-bedroom, 3-bath residence features an in-law suite, impact windows and doors, and lush, fenced grounds, providing a turnkey opportunity to generate income today. The property’s substantial lot size and two-lot configuration also offer the potential to redevelop into two single-family homes under T3-L zoning, subject to applicable approvals. Ideally located just three minutes from the Miami Design District and approximately five minutes from Wynwood and Midtown, the property offers convenient access to some of Miami’s premier dining, shopping, and entertainment. Recent nearby sales further underscore the area’s land and redevelopment activity. A compelling opportunity for an investor, end user, or developer seeking immediate utility with longer-term redevelopment potential.


Facts & Features

Property Info

Price
$1,500,000
Completion Year
1,938
Living Space
1,460 sq ft
Floors
1
Bedrooms
3
Bathrooms
3

Features & Amenities

Fireplace

Yes

Cooling

Wall Window Units

Heating

Central

Appliances

Dishwasher

Flooring

Hardwood, Tile, Wood

Roof

Shingle

Lot Information

Less Than Quarter Acre

Exterior

Patio

Water Source

Public

Sewer

Public Sewer

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Listing Broker

Compass Florida, LLC

Broker Name

Compass Florida, LLC

Agent

Carl Gambino

Location

Miami FL 33139