For Sale
$790,000

260 43Rd StMiami, FL 33127

Prime Miami location, 5-6 bed luxury home plans.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional redevelopment opportunity presents a chance to acquire a 5,400 sq ft lot in Miami's Design District at 260 NW 43rd St, Miami, FL 33127. Approved plans are in place for the construction of the "Lucas Residence," a stunning 2,400 sq ft, single-story, Class A luxury home featuring 5 bedrooms (flexible for 6) and 4.5 bathrooms. The proposed construction cost, inclusive of land acquisition, is $1.4 million. This project offers significant potential for equity creation, transforming an initial investment into a substantially higher value asset. Financial projections suggest a 13% capitalization rate and a 22% cash-on-cash return based on comparable rental properties in the immediate vicinity. The property is zoned T3, and the asking price for this exceptional investment is $790,000. This represents a unique chance to capitalize on the strong Miami real estate market and create a high-return, luxury rental property. Detailed financial analysis is available upon request. The existing structure will be demolished to make way for the new construction.

Highlights

  • Asking price: $790,000.
  • Approved plans for a luxury 2,400 sq ft, 5-6 bedroom, 4.5 bath single-family home.
  • Proposed total construction cost (including land acquisition): $1.4M.
  • Potential equity creation: ~$400,000 to $2M - $2.5M.
  • Projected 13% capitalization rate and 22% cash-on-cash return (based on comparable properties).

Property Details for 260 43Rd St

Property type
Residential income homes
Square Feet
2,400 SF
Class
A
Buildings
1
Stories
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8152616
Longitude
-80.2009967
260 43Rd St, Miami, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
260 43Rd St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message