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171 NW 47th St, Miami FL 33127

Multi-family Active With Contract
$1,099,999

BTC: 13.53176246

ETH: 449.16251531

18 days
0 room(s)
1,540 sqft

Overview

Rare find in the heart of Buena Vista: a full ground-up renovation completed in 2022, with over $100K in improvements since. Two private 2BR/1BA units, separate entrances, 1,540 sf living (1,652 sf total) on a 5,000 sf lot (can be delivered vacant). The rear unit reads like a boutique hotel: Italian flooring, custom millwork and built-ins, a spa shower with lit niches, high-end appliances. Out back, a landscaped oasis under 50+ palms with an outdoor lounge and dining area - a true private retreat in the middle of the city. Live in one, rent the other, or run both. Prior owner's records reflect short-term rental income upwards of $10,000/month, achieved before the current improvements. The next owner sets the terms from day one. Walk to the Design District, Wynwood and Midtown; 10-15 minutes to South Beach. Same-size lots on this block are trading as new-construction luxury homes at $3M+ - own the income today and the upside tomorrow. Seller-paid buydown and specialty financing available at full price through affiliated lender. Buyer not required to use; ABA disclosure provided. Listing agent holds an ownership interest.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1980
Lot:
No Data
Heating:
Central
Price/sqft:
$714
Cooling:
Central Air / Other / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$511,000
$370K – $649K
Confidence Low
List vs. estimate
$588K above estimate
List $1,099,999 · +115.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$714
+63.1% vs. city median $437
Based on
10 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $830K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$16,109
2025
Parking
4 spaces
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    • Other

    • Wall/Window Unit(s)

  • Property

    • Exterior Features: Barbeque / Exterior Lights

    Other Property Information

    • Parcel Number: 01-31-24-016-1080

    • Zoning: 0104

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $16,109

  • Source details

    • MLS ID: A12062218

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot / Regular Lot / West Of US 1

    • Patio And Porch Features: Patio

    • Window Features: Complete Impact Glass / Blinds / High Impact Windows

    • Other Structures: Extra Building/Shed

    • Architectural Style: Detached

    • Living Area: 1540

    • Water Source: Municipal Water

    • Subdivision Name: SHADOWLAWN EXTENSION SUB

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: LoKation