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295 NW 42nd St

Miami FL 33127

3
3
1460 sq. ft.
0.25 ac.
Single-Family
Currently for sale - view listing

Overview

A rare 10,800-square-foot double corner lot opportunity in a prime Miami location, offering both rental income and future redevelopment potential. The fully renovated 3-bedroom, 3-bath residence features an in-law suite, impact windows and doors, and lush, fenced grounds, providing a turnkey opportunity to generate income today. The property’s substantial lot size and two-lot configuration also offer the potential to redevelop into two single-family homes under T3-L zoning, subject to applicable approvals. Ideally located just three minutes from the Miami Design District and approximately five minutes from Wynwood and Midtown, the property offers convenient access to some of Miami’s premier dining, shopping, and entertainment. Recent nearby sales further underscore the area’s land and redevelopment activity. A compelling opportunity for an investor, end user, or developer seeking immediate utility with longer-term redevelopment potential.

Features

3 bedrooms
3 bathrooms
1460 sq. ft. floor area
0.25 ac. lot size
Single-Family

Property history for 295 NW 42nd St

2022
Sold
$765,000
06 Oct 2022 by Jane Russell, of One Sotheby's International Realty
2018
Sold
$370,000
15 Jun 2018 by Elena Borgan, of COLDWELL BANKER REALTY
2007
Sold
$348,000
10 Jan 2007 by Karen Mock, of Majestic Properties Design District LLC

Happy sellers in Miami

94%
94% of sellers in Miami reported that their sale price either exceeded or met their price expectations.

Miami stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Miami over the last 12 months.

Local market activity for 3 bedroom single-family properties in Miami

In the last 12 months, 60 three-bedroom single-family properties similar to 295 NW 42nd St, have been sold.

This represents a 17% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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