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Single Family Residence
$2,000,000$1,092 / sqft
84 NW 47th St, Miami FL 33127
Listed
4
Bedrooms
3
Bathrooms
1,832 sqft
Interior
1925
Year built
None
HOA
Single Family Residence
Type
About this home
This property it is for the buyer who understands where Miami is going next. This unique home is filled with character, featuring a distinctive layout, mature exotic trees, and a level of individuality that is increasingly difficult to find in Miami. Located in the rapidly changing Buena Vista neighborhood, the property is positioned near Midtown, Wynwood, the Miami Design District, Midtown shopping, Little Haiti, and the El Portal community, while also providing convenient highway access to South Beach, Brickell, Downtown Miami, and other major destinations. The surrounding area continues to experience strong investment, redevelopment, and rising property values, making this an opportunity for a sophisticated buyer who sees beyond current market value and recognizes the long-term potential of owning property in one of Miami’s fastest-evolving corridors. This is about location, scarcity, character, and future upside get in now before continued growth and appreciation make opportunities like this even harder to acquire. A developer could also view the property as a redevelopment opportunity for either renovating and flipping the existing home to capitalize on its character and location or replacing it with a new modern residence designed to meet the growing demand for luxury homes in the Buena Vista area.
Features
- First Floor Entry
- Maid/In-Law Quarters
- 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.
Location
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 4-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,900–$9,700.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.