11
  • Type
  • Residential
  • Sq Ft
  • Area Size
1240 71st St, Miami Beach FL 33141 | Miami-Dade County | A12025206
  • $950,000

Description

Incredible opportunity to build a 3-story, 5,300 SF custom residence, multi family or family office with a rooftop terrace overlooking downtown Miami. Ideally located within walking distance to the beach, in a rapidly evolving and expanding neighborhood. A rare chance to create the ultimate modern Beach Loft in one of Miami’s most promising enclaves. Zoned RO (Residential Office) allowing single-family, multi-family and mixed use, with a maximum FAR of 0.75 (~5,315 SF permitted) and height of 33 feet from DFE.

Property Overview

This is a -bedroom, -bath home of about square feet at 1240 71st St, Miami Beach FL 33141 (Miami Beach 33141), listed at $950,000.

Monthly Costs, Stated Plainly

This home has no mandatory HOA (single-family / no association on record).

The tax of record is $16,510 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $19,000/yr (≈ $1,583/mo); with the homestead exemption on a primary residence, about $18,000/yr (≈ $1,500/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price for 1240 71st St is $950,000. While the MLS does not specify the furnished status, fixtures and built-in appliances typically convey with the home—always confirm specifics before proceeding. Community or on-site amenities, if any, would be detailed separately from what’s included with the property itself. For precise details on what conveys and to explore this Miami Beach opportunity further, contact Christopher Lazaro, Miami Beach Real Estate Advisor, directly.

Where exactly is it, and what should I know about the location?

1240 71st St is located in Miami Beach, FL 33141, positioned along the coastal corridor just minutes from the ocean. This vibrant area offers easy access to beaches, local dining, and major thoroughfares like Collins Ave, blending convenience with coastal charm.

For the latest insights on this $950,000 property or to schedule a viewing, contact Christopher Lazaro, Miami Beach Real Estate Advisor, directly—he’ll ensure you have all the details to evaluate the location firsthand.

What are the HOA / association fees, and what do they cover?

This single-family home at 1240 71st St has no mandatory HOA—meaning no association fees or shared amenities. As the owner, you’d handle utilities, landscaping, and exterior upkeep independently, though Miami Beach city ordinances still apply (review them here). For clarity on local regulations or to discuss comparable properties, contact Christopher Lazaro, Miami Beach Real Estate Advisor, for personalized guidance.

What are the property taxes and homestead implications?

The property taxes for 1240 71st St are currently $16,510 (2025). As an estimate only — Florida reassesses upon sale — at the $950,000 list price and Miami-Dade’s approximate 2.0% rate: without homestead, expect around $19,000/yr (≈ $1,583/mo); with Florida’s homestead exemption, which reduces taxable value for primary residences only, the estimate drops to roughly $18,000/yr (≈ $1,500/mo). These are projections, not guarantees — always confirm with the Miami-Dade Property Appraiser and a tax specialist. For precise figures tailored to your situation, contact Christopher Lazaro, Miami Beach Real Estate Advisor.

Is the home in a flood zone, and what does that mean?

Flood zones indicate a property's risk level for flooding, with FEMA classifying areas like AE or VE as high-risk coastal zones. You can review FEMA's flood zone definitions or view the FEMA flood map for this address to assess 1240 71st St's specific designation. Lenders frequently mandate flood insurance in high-risk zones, so let's confirm the details together—reach out to Christopher Lazaro, Miami Beach Real Estate Advisor, for precise guidance tailored to this home.

Are pets allowed?

As a single-family home at 1240 71st St, Miami Beach, this property has no condo or HOA restrictions—pet allowances are solely the owner's choice, guided by local ordinances or lease terms if rented. Documented service animals and emotional support animals (ESAs) are protected under federal law. For precise details on this $950,000 home’s pet policy or to discuss Miami Beach living, contact Christopher Lazaro, Miami Beach Real Estate Advisor, directly.

How is the price set and is there room to negotiate?

The $950,000 list price reflects a tailored comparative market analysis (CMA) for 1240 71st St, weighing recent Miami Beach sales and this home’s unique value. Miami-Dade’s broader market context shows single-family homes closing at 95% of original list, averaging 41 days to contract (MIAMI REALTORS®, May 2026), but hyperlocal dynamics—like this neighborhood’s demand—can shift negotiability. I’ll provide a detailed Miami Beach CMA to clarify where this property stands before you consider terms. For precise guidance, connect directly with Christopher Lazaro, Miami Beach Real Estate Advisor, to verify strategy.

What financing step do you recommend before touring?

Before touring 1240 71st St, I strongly recommend securing a pre-approval from a Florida Licensed Mortgage Loan Originator — this clarifies your budget and strengthens your position in Miami Beach’s competitive market. At $950,000, this home demands a clear financial roadmap, and pre-approval ensures you’re touring with confidence. Reach out to Christopher Lazaro, Miami Beach Real Estate Advisor, to verify your readiness or explore tailored lender options.

Have a question about this Miami Beach listing?

Talk directly with Christopher Lazaro, your Miami Beach real estate advisor. No pressure — real answers.

  • Address: 71st St
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33141
  • Area: OCEANSIDE SEC ISLE OF NOR

Details

Updated on August 1, 2026 at 11:50 am
  • Property ID A12025206
  • Price $950,000
  • Land Area 0.167 Sq Ft
  • Type Residential
  • Property Status Active, Land/Boat Docks

Additional details

  • Building OCEANSIDE SEC ISLE OF NOR
  • Area Oceanside Sec Isle Of Nor
  • Annual Tax 16510
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Subdivision OCEANSIDE SEC ISLE OF NOR
  • Structure Type Residential
  • Tax Year 2025
  • Flood Zone AE
  • New Construction No
  • Lot Size (Sq Ft) 7087

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