What is the asking price and what does it include?

The list price for 242 SW 15th Ave, Miami FL 33135 is $1,375,000. The property is a Triplex with — bedrooms, — bathrooms, approximately 2946 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 242 SW 15th Ave, Miami FL 33135 in Miami, 33135. Coordinates are approximately , . Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 1,375,000 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 242 SW 15th Ave, Miami FL 33135.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

242 SW 15th Ave, Miami FL 33135 | Miami-Dade County

Residential Income Active

242 SW 15th Ave, Miami FL 33135 | Miami-Dade County | A12027946

$1,375,000

Description

Turnkey Triplex in Little Havana. Great opportunity for investors looking for immediate rental income. The property has been extensively renovated and is located just 5 blocks from Calle Ocho. Strong rental demand, low vacancy history, and minimal maintenance needs make this an attractive investment.

Address

Open on Google Maps

Address: 15th Ave
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33135
Area: LAWRENCE ESTATES LAND COS

Details

Updated on June 1, 2026 at 4:20 pm

Property ID A12027946
Price $1,375,000
Property Size 2946 Square Feet
Year Built 1929
Type Triplex
Property Status Residential Income

Additional details

ArchitecturalStyle Detached
BuildingAreaTotal 2946
BuildingAreaUnits Square Feet
BuildingName LAWRENCE ESTATES LAND COS
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-06-01
Cooling Central Air
DaysOnMarket 0
DocumentsAvailable Deposit Held
ExpirationDate 2026-12-31
Flooring Ceramic Floor
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 503-453-9510
ListingTerms Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Lawrence Estates Land Cos
MajorChangeTimestamp June 1, 2026 at 02:29pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp June 1, 2026 at 07:00pm
NumberOfUnitsInCommunity 4
OnMarketDate 2026-06-01
OriginalEntryTimestamp June 1, 2026 at 02:29pm
OriginalListPrice 1375000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-41-02-006-2810
ParkingTotal 2
PhotosCount 0
PostalCode 33135
PostalCodePlus4 3607
PriceChangeTimestamp June 1, 2026 at 02:29pm
PublicSurveyRange 41
PublicSurveySection 2
PublicSurveyTownship 41
RentIncludes Electricity, Sewer, Water
Roof Flat Roof With Facade Front
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions 24 Hour Notice, Appointment Only, Call Listing Agent
SourceSystemKey 501580895
StateOrProvince FL
StatusChangeTimestamp June 1, 2026 at 02:29pm
Stories 2
StoriesTotal 2
StreetDirPrefix SW
StreetName 15th Ave
StreetNumber 242
StreetNumberNumeric 242
StructureType Triplex
SyndicationRemarks Turnkey Triplex in Little Havana. Great opportunity for investors looking for immediate rental income. The property has been extensively renovated and is located just 5 blocks from Calle Ocho. Strong rental demand, low vacancy history, and minimal maintenance needs make this an attractive investment.
TaxAnnualAmount 15388
TaxLegalDescription 2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB S50FT LOTS 19 & 20 BLK 84 LOT SIZE 5000 SQUARE FEET OR 18687-0150 0699 4
TaxYear 2025
YearBuiltDetails Resale
Zoning 3901