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8701 NE 8th Ct, Miami FL 33138

Multi-family For Sale
$1,175,000

BTC: 18.02423685

ETH: 617.56296514

New
0 room(s)
2,664 sqft

Overview

Prime Corner-Lot Opportunity in Shore Crest! This rare 11,994 SF parcel is zoned for up to four units, just minutes from Biscayne Bay. Three tenant-occupied residences across separate structures: two 3-bedroom/1-bath units and one 1-bedroom/1-bath - currently generate $72,000 in annual income, giving investors immediate cash flow while they plan their next move: renovate the existing units for higher rents or clear the lot and build new. Shore Crest sits minutes from Miami's beaches, waterfront parks, marinas, and the restaurants and nightlife along Biscayne Boulevard, with Downtown Miami and the Design District just a short drive away. For a developer or investor, this is a rare combination: immediate income to offset holding costs, a corner lot with real flexibility for up to four units, and a location positioned for long-term appreciation.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1940
Lot:
No Data
Heating:
Central
Price/sqft:
$441
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$742,000
$468K – $1.2M
Confidence Low
List vs. estimate
$433K above estimate
List $1,175,000 · +58.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$441
+2.9% vs. city median $428
Based on
8 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $1.3M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$10,594
2025
Parking
10 spaces
All facts and features
  • Flooring

    • Tile

    • Wood

    Heating

    • Central

    Cooling

    • Central Air

  • Other Property Information

    • Parcel Number: 30-32-07-003-1390

    • Zoning: 3100

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Other financial information

    • Annual tax amount: $10,594

  • Source details

    • MLS ID: A12058364

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Architectural Style: Detached

    • Living Area: 2664

    • Water Source: Municipal Water

    • Subdivision Name: BISCAYNE HEIGHTS

Private inquiry
Talk to the advisor on this listing.
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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: Compass Florida, LLC