Northern Boulevard, 3421 NW 5th Ave Miami, FL 33127

$1,975,000Price
1,542SqFt

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Details

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Status:
Active
Size: 1,542 ft2 / 143 m2
Price: $1,281 ft2 / $13,787 m2
Type: Multi Family
Built: 1948
MLS Number: A11628143
On Site: 270 Days
Updated: 18 Days ago
Page Views: 0
Huge price reduction! Amazing development opportunity located in the booming design district /wynwood area the property boasts a coveted t6 l allowing multi-story multi-unit developments. The location benefits from high-density t6-l zoning falling within the wynwood norte nrd2 overlay, allowing for 150 units per acre, 5 stories by right, with an additional 3 stories available via bonus. Extra large lot with a 7,250 sf. Owner occupied duplex on site that can generate income for the buyer. Just blocks from wynwood walls, museums, breweries, boutiques, bistros & bars. Minutes from ftx arena, downtown & mid town miami as well as miami beach area. Easy access to all major highways and the turnpike. Within close proximity to the i-195 exit which connects to the i-95. Endless possibilities await!

Features

Bedrooms
Bathrooms
Exterior and Lot Features
Exterior Features: Fence, FruitTrees, Porch, StormSecurityShutters

Price History

01/31/2025

Date

Price Increased

Event

$2M

Price

1.86%

Change Rate

$1,281 ft2 / $13,787 m2

Price Per

01/28/2025

Date

Price Reduced

Event

$1.9M

Price

-15.51%

Change Rate

$1,257 ft2 / $13,535 m2

Price Per

10/18/2024

Date

Price Reduced

Event

$2.3M

Price

-14.84%

Change Rate

$1,488 ft2 / $16,020 m2

Price Per

07/22/2024

Date

Listed

Event

$2.7M

Price

$1,748 ft2 / $18,813 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Teodoro PalmieriElite Ocean View Realty LLC • Buyer Agency Compensation .

Instant Comparative Market Analysis

$200/ft²
$500/ft²
$1,000/ft²
$1,400/ft²

Unit 3421 NW 5th Ave – Asking

$1,281/ft²

(+183%) from Closed Medium $/ft²

Closed Medium $/ft²

$453/ft²
Community $/Price Range (Closed) $302/ft² – $691/ft²
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