3566 Thomas Ave, Miami FL 33133
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
Estimated loan & HOA
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. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.