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295 NW 42nd St, Miami FL 33127

House For Sale
$1,500,000

BTC: 18.04185711

ETH: 566.03773585

New
3 bds
3 ba
1,460 sqft

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.

Location

Florida • Miami • 33127 • House • For Sale

Details

Type:
Residential
Parking:
Driveway
Year Built:
1938
Lot:
10800 Square Feet
Heating:
Central
Price/sqft:
$1,027
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$428,000
$399K – $999K
Confidence Low
List vs. estimate
$1.1M above estimate
List $1,500,000 · +250.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,027
+120.4% vs. city median $466
Based on
11 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $750K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$18,763
2025
View
Garden
All facts and features
  • Flooring

    • Tile

    • Wood

    Heating

    • Central

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Dishwasher

    Other interior features

    • Maid/In-Law Quarters

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • Driveway

    Lot

    • Lot: 10800 Square Feet

    Other Property Information

    • Parcel Number: 01-31-24-019-1330

    • Zoning: 0104

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $18,763

  • Source details

    • MLS ID: A12095610

    Other facts

    • Construction Materials: CBS Construction

    • Fireplace Features: Decorative

    • Lot Features: Less Than 1/4 Acre Lot

    • Patio And Porch Features: Patio

    • Direction Faces: South

    • Architectural Style: Detached / One Story

    • Fireplace: Yes

    • Living Area: 1460

    • Water Source: Municipal Water

    • Subdivision Name: COLUMBIA PARK CORR PL

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.
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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