What is the asking price and what does it include?

The list price for 550 NE 127th St, North Miami FL 33161 is $1,999,000. The property is a Residential with — bedrooms, — bathrooms, approximately — square feet of living space, on a 16500 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 550 NE 127th St, North Miami FL 33161 in North Miami, 33161. Coordinates are approximately 25.8917908, -80.1874994. 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 North Miami — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 1,999,000 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 550 NE 127th St, North Miami FL 33161.

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.

550 NE 127th St, North Miami FL 33161 | Miami-Dade County

Land/Boat Docks Active

550 NE 127th St, North Miami FL 33161 | Miami-Dade County | A11963878

$1,999,000

Description

Rare shovel-ready 16-unit multifamily development opportunity in North Miami. Fully approved plans and zoning in place. 17,384 total buildable SF across 16 units (8 2/1s, 6 3/2s, 2 4/3s). Strong rental comps averaging ~$2.85/SF. Ideal for long-term hold investor, family office, or builder seeking reduced entitlement risk. All approvals complete — ready for immediate vertical construction. Offering includes land and approved plans.

Address

Open on Google Maps

Address: 127th St
City: North Miami
State/county: Miami-Dade County
Zip/Postal Code: 33161
Area: GRIFFING BISC PK EST

Details

Updated on June 3, 2026 at 7:21 pm

Property ID A11963878
Price $1,999,000
Land Area 16500 Square Feet
Type Residential
Property Status Land/Boat Docks

Additional details

AdditionalParcelsYN 1
BuildingAreaUnits Square Feet
BuildingName GRIFFING BISC PK EST
ContractStatusChangeDate 2026-02-12
CurrentUse Residential, Other Usage
DaysOnMarket 111
DevelopmentStatus Undeveloped
DirectionFaces Northeast
ExpirationDate 2027-02-12
Fencing Fenced
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-481-0204
ListingTerms All Cash, Conventional, FHA
LotFeatures Fenced
LotSizeSquareFeet 16500
MLSAreaMajor Griffing Bisc Pk Est
MajorChangeTimestamp February 12, 2026 at 07:33pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp June 3, 2026 at 09:43pm
OnMarketDate 2026-02-12
OriginalEntryTimestamp February 12, 2026 at 07:33pm
OriginalListPrice 1999000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
OtherStructures None
ParcelNumber 06-22-30-025-0030
PhotosChangeTimestamp February 12, 2026 at 07:43pm
PhotosCount 1
Possession Funding
PostalCode 33161
PostalCodePlus4 4725
PriceChangeTimestamp February 11, 2026 at 09:17pm
PublicSurveyRange 22
PublicSurveySection 30
PublicSurveyTownship 22
ShowingInstructions Showing Assist
SourceSystemKey 426691909
StateOrProvince FL
StatusChangeTimestamp February 12, 2026 at 07:33pm
StreetDirPrefix NE
StreetName 127th St
StreetNumber 550
StreetNumberNumeric 550
StructureType Residential
SyndicationRemarks Rare shovel-ready 16-unit multifamily development opportunity in North Miami. Fully approved plans and zoning in place. 17, 384 total buildable SF across 16 units (8 2/1s, 6 3/2s, 2 4/3s). Strong rental comps averaging ~$2.85/SF. Ideal for long-term hold investor, family office, or builder seeking reduced entitlement risk. All approvals complete — ready for immediate vertical construction. Offering includes land and approved plans.
TaxAnnualAmount 12359
TaxLegalDescription GRIFFING BISCAYNE PK EST PB 5-83 LOT 3 BLK 3 LOT SIZE 75.000 X 220 OR 21319-2061 04 2003 4 COC 26041-2051 10 2007 1
TaxYear 2025
Vegetation Other Trees
Zoning 0700