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337 NW 48th St, Miami FL 33127

Lots/Land For Sale
$1,200,000

BTC: 15.09433962

ETH: 517.24137931

New
0 room(s)

Overview

ASKING PRICE IS FIRM. Situated on an expansive 10,800 SQ. FT. LOT (75’ x 144’) in Miami’s rapidly transforming Buena Vista neighborhood, this property presents an exceptional opportunity for investors and developers looking to capitalize on the area’s growing luxury residential market. The property features two separate structures. The rear structure is currently uninhabitable, while the existing two-story main residence is owner-occupied on the first floor. Four upstairs bedrooms are rented individually, generating a combined $2,400 in monthly rental income. Classified as Single Family / Ancillary Unit, the property offers an exciting opportunity to reimagine the site with a luxury single-family residence, ancillary living quarters, swimming pool, outdoor entertainment areas, and additional recreational amenities. OR explore subdividing the lot for separate residential development. Newer luxury residences in the surrounding neighborhood have achieved sales prices exceeding $3 million, demonstrating the potential of this desirable location. Bring your architect, your contractor, and your vision. Opportunities to acquire a lot of this size in Buena Vista are increasingly compelling as the neighborhood continues to evolve. Property sold AS-IS. Seller requests 60-day post-closing occupancy. Buyer to independently verify zoning, permitted uses, development potential, existing improvements, and all property information.

Location

Details

Type:
Land/Boat Docks
Parking:
No Data
Year Built:
No Data
Lot:
0.25 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,299,000
$663K – $2.7M
Confidence Low
List vs. estimate
$99K below estimate
List $1,200,000 · -7.6%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
7 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $775K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$11,291
2025
All facts and features
  • Lot

    • Lot: 0.25 Acres

    Other Property Information

    • Parcel Number: 01-31-24-018-0800

    • Zoning: 0104

  • Type and style

    • Property Type: Land/Boat Docks

    • Property Sub Type: Residential

  • Other financial information

    • Annual tax amount: $11,291

  • Source details

    • MLS ID: A12114589

    Other facts

    • Lot Features: City Location / 1/4 To Less Than 1/2 Acre Lot / Build To Suit / Fenced / Sidewalk / Street Lights

    • Direction Faces: South

    • Other Structures: None / Other Bldg Incl

    • Subdivision Name: BUENA VISTA HEIGHTS EXTEN

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: Real Estate Sales Force