473 NE 61st Street, Miami, FL 33137
- $799,000
Description
CASA MiMo – LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1, 520 SF property sits on a 4, 992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.
Address
Open on Google Maps- Address: 473 NE 61st Street
- City: Miami
- State/County: FL
- Zip/Postal Code: 33137
Details
Updated on September 30, 2026 at 6:48 pm- MLS # A12082857
- Price $799,000
- Property Size 1520 sqft
- Land Area 0.11 sqft
- Bedrooms 5
- Bathrooms 2
- Garage Size x x
- Year Built 1925
- Property Status Active
- Office Name Douglas Elliman
- Agent Name Fernando Nicholas Rodriguez
Additional Details
- Listing Terms Cash, Conventional
- Roof Shingle
- Sewer Public Sewer
- Cooling Central Air
- Heating Central
- Flooring Laminate, Vinyl
- County Miami-Dade
- Property Type Residential
- Pool Above Ground
- Parking Driveway
- Elementary School Morningside K-8 Academy (Miami-Dade)
- Middle School Horace Mann
- High School Miami Edison
Mortgage Calculator
- Down Payment
- Loan Amount
- Monthly Mortgage Payment
- Property Tax
- Home Insurance
- PMI
- Monthly HOA Fees
