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287 NW 31st St, Miami FL 33127

House For Sale
$1,275,000

BTC: 20.23809524

ETH: 730.24054983

86 days
3 bds
1 ba
1,256 sqft

Overview

7,200 sqft lot development opportunity in the highly sought-after Wynwood Norte area. This prime T-4R property with NRD-2 Zoning Overlay offers the potential to build up to 16 units by right, with no parking requirements. The site is also well-suited for luxury townhome development. Ideally located just minutes from Wynwood, Midtown, and the Design District, with convenient access to I-95 and I-195. The property currently features a 3-bedroom, 1-bath single-family home generating approximately $3,000/month in rental income. Within walking distance to numerous restaurants, retail, entertainment venues, art galleries, and several Michelin-recognized dining spots. Positioned south of the Design District and west of Midtown, Wynwood Norte continues to experience strong growth with numerous new developments transforming the neighborhood.

Location

Florida • Miami • 33127 • House • For Sale

Details

Type:
Residential
Parking:
Covered / Driveway / On Street
Year Built:
1930
Lot:
7200 Square Feet
Heating:
Central
Price/sqft:
$1,015
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$524,500
$248K – $1.3M
Confidence Low
List vs. estimate
$750K above estimate
List $1,275,000 · +143.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,015
+109.2% vs. city median $485
Based on
8 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $6.2M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$20,853
2025
View
None
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • First Floor Entry

    • Family Room

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 1

  • Parking

    • Covered

    • Driveway

    • On Street

    Lot

    • Lot: 7200 Square Feet

    Other Property Information

    • Parcel Number: 01-31-25-019-3130

    • Zoning: 3900

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $20,853

  • Source details

    • MLS ID: A11980020

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Patio

    • Direction Faces: South

    • Architectural Style: Attached / One Story

    • Living Area: 1256

    • Water Source: Municipal Water

    • Subdivision Name: WYND WOOD PARK

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33127
271
median $1.2M
Active
Same city
Miami
12,209
median $650K
Active
Same type
House
2,947
median $849K
Active
Similar price
$892K – $1.7M
1,963
median $1.2M
Active

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: Fausto Commercial Realty Consultants Inc