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Single Family Residence
$1,150,000$856 / sqft
3420 Charles Ave, Miami FL 33133
Listed
5
Bedrooms
2
Bathrooms
1,344 sqft
Interior
1930
Year built
None
HOA
Single Family Residence
Type
About this home
Set within Coconut Grove’s historic Charles Avenue corridor, in the heart of the area now recognized as Little Bahamas, this 1930 residence presents a rare opportunity to restore and thoughtfully renovate a property with genuine cultural significance. Situated on a 5,000 SF lot and currently configured as 5 bedrooms and 2 bathrooms, the home is an opportunity to create your perfect home. The existing front porch adds a sense of character and arrival, while the lot offers room to thoughtfully enhance the property over time. Future improvements, additions, exterior changes, and other redevelopment plans may be subject to applicable historic preservation review and approvals. The property is currently tenant occupied and can remain so while future plans and permitting are pursued. The buyer will need to verify current configuration, permit history, dimensions, and any allowable improvements. There are driveways on either side of the property. For the buyer who values location, legacy, and the chance to create something meaningful within an important historic context, this is an uncommon offering in the Grove. NOTE SEVERAL PICTURES ARE VIRTUALLY STAGED TO SHOW ENDLESS POSSIBILITIES FOR THIS HOME
Features
- First Floor Entry
- No Additional Rooms
- Garden
- None
Leasing
- Minimum lease
- Not stated
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 5-bed rentals in Coconut Grove, from 7 active listings; the middle half ask $16,000–$38,000.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.