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3
Bedrooms
1
Bathrooms
1,014 sqft
Interior
1937
Year built
None
HOA
Single Family Residence
Type
About this home
Estate sale offered AS-IS. The value is in the land — this is a prime redevelopment opportunity in one of Miami's most sought-after neighborhoods. The existing structure, built in 1937, is at end of useful life and priced for teardown. Located in the heart of Coconut Grove, steps from CocoWalk, top-rated schools, marinas, fine dining, and boutique shopping. Surrounded by active new construction and recent luxury builds, this lot represents a rare chance to develop in a high-demand, land-scarce corridor. Seller makes no representations regarding condition of structure. Buyer to perform all due diligence. All offers considered. Sale is contingent upon court confirmation and approval. Dri
Features
- First Floor Entry
- Family Room
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,919
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $3,919
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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.