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1324 Lenox Avenue, Miami Beach FL 33139
About this home
Prime redevelopment opportunity in the heart of Miami Beach! Situated on a .17-acre lot (7,500sq ft), this property presents the perfect canvas to tear down and build new in one of South Florida's most sought-after locations. Whether you're an investor, builder, or end user looking to design a custom residence, the potential here is undeniable. Located just minutes from world-renowned beaches, vibrant dining, shopping, and nightlife, this property offers exceptional upside in a high-demand area. Capitalize on the growth and redevelopment happening throughout Miami Beach and create a modern masterpiece tailored to today's market. Rare chance to secure a buildable lot in a prime location, bring your vision and make it a reality.
Features
- Storage
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $8,596
- 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.