$799,000Active

473 NE 61st Street, Miami, FL 33137

Miami, FL 33137

Beds

Baths

1,520

Sq Ft

$526

$/Sq Ft

1925

Year Built

0.11 acres

Lot Size

Listing Snapshot

List Price	$799,000
Price / Sq Ft	$526
Beds	5
Baths	2
Living Area	1,520 sqft
Lot Size	0.11 acres

Year Built	1925
Property Tax	$10,275/yr
MLS #	1189554422
Status	Active

About This Home

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.

General Features

Property Type: Residential
Sub-type: SingleFamilyResidence
Stories: 1
Direction Faces: South
Parking: Driveway
Zoning: 3900
Subdivision: LEMON CITY WHITES

Interior Features

Appliances: Dryer,Dishwasher,ElectricRange,Microwave,Oven,Refrigerator,Washer
Flooring: Laminate,Vinyl
Heating: Central
Cooling: CentralAir
Interior Features: BedroomOnMainLevel,MainLevelPrimary,Pantry