PendingPhoto 1 of 3
321 SW 32nd Rd, Miami FL 33129
About this home
A rare opportunity to develop a fully approved modern residence in The Roads, one of Miami's most desirable and centrally located neighborhood. The approved design features modern architecture, open concept living areas, high ceilings, large rooms and seamless connection between indoor and outdoor spaces. The residence is planned with five bedrooms, four full bathrooms and a separate cabana bathroom for the pool area. Both demolition and construction permits have already been approved, allowing the next owner to avoid the lengthy and challenging City of Miami permitting process and move directly toward construction. Designed for elevated Miami living, the home includes private pool, covered BBQ terrace for outdoor entertaining and a second-floor terrace to enjoy beautiful sunsets.An exceptional opportunity to build a new home in the heart of the Roads, just minutes from Brickell, Downtown Miami, Coconut Grove and Coral Gables.
Features
- First Floor Entry
- Storage
- Utility Room/Laundry
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $6,068
- 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.