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Single Family Residence
$2,050,000$909 / sqft
3620 Justison Rd, Miami FL 33133
Listed
3
Bedrooms
1
Bathrooms
2,255 sqft
Interior
1948
Year built
None
HOA
Single Family Residence
Type
About this home
Prime redevelopment opportunity in highly sought-after Coconut Grove! Architectural drawings for a new construction home have been completed and submited for review, and the demolition permit is already approved—saving valuable time in the building process. Buyer has the option to move forward with the existing plans or bring their own vision to life. Ideally located on a quiet street near parks, top-rated schools, shopping, dining, and all that the Grove has to offer. Rare chance to build in one of Miami’s most desirable neighborhoods.
Features
- First Floor Entry
- No Additional Rooms
- None
- Other
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$10,366
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $10,366
- HOA
- None
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals in Coconut Grove, from 12 active listings; the middle half ask $5,950–$11,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.