What is the asking price and what does it include?

The list price for 118 NW 24th St, Miami FL 33127 is $3,475,000. The property is a property with — bedrooms, — bathrooms, approximately — 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 118 NW 24th St, Miami FL 33127 in Miami, 33127. Coordinates are approximately 25.7996653, -80.1974172. 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 3,475,000 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 118 NW 24th St, Miami FL 33127.

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.

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118 NW 24th St, Miami FL 33127 | Miami-Dade County | A12020379

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118 NW 24th St, Miami FL 33127 | Miami-Dade County | A12020379

118 NW 24th St, Miami FL 33127

Active

$3,475,000

23 More

Sq Ft
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Active

118 NW 24th St, Miami FL 33127 | Miami-Dade County | A12020379

118 NW 24th St, Miami FL 33127

$3,475,000

Description

Wynwood land with a 8 plex generation income. T5-O – MIX USE COMMERCIAL
(8/8 Studios in WYNWOOD) •Zoning: T5-O/NRD-1 • Lot Size 7,500SF •Covered Land Play property; Owner would receive income while working on development plans • Great opportunity for owner user or developer with all tenant leases up-to-date • Current income: Approx. $12,400/Month • Property includes 8 street parking spaces (City Decal) • New roof installed in ’16 • WiFi network for all tenants • Central washer and dryer • Minutes to Miami Design District, Midtown, Allapattah, Miami beach, Downtown Miami and more

Address

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Address: 24th St
City: Miami
Zip/Postal Code: 33127

Details

Updated on June 8, 2026 at 2:08 am

Property ID A12020379
Price $3,475,000
Property Status Active

Additional details

StreetDirPrefix NW
LivingAreaUnits Square Feet
PhotosCount 28
MIAMIRE_SubdivisionNumber 37
ViewYN No
MIAMIRE_EnvironmentalAudit Unknown
MIAMIRE_NARRulesYN Yes
TaxExemptions Agricultural Exemption
BuildingName MARKS SUB
ListingKeyNumeric 477347349
MLSAreaMajor Marks Sub
TaxAnnualAmount 31600
CurrentUse Unimproved Multi Family (5+Units), Income (Other)
AssociationYN No
MlsStatus Active
StreetNumber 118
ListingKey 287f6e1dc2d8633869251ba37d7aa917
MIAMIRE_AddressInternetDisplay 118 NW 24th St
PoolPrivateYN No
ListingTerms All Cash, Conventional
Possession Funding
WaterfrontYN No
SubdivisionName MARKS SUB
InternetAddressDisplayYN Yes
WaterSource Municipal Water
StreetNumberNumeric 118
MIAMIRE_MunicipalCode 1
PostalCodePlus4 4458
MIAMIRE_Area 30
ListingAgreement Exclusive Agency
RoadResponsibility Public Maintained Road
ListingId A12020379
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN Yes
InternetAutomatedValuationDisplayYN Yes
TaxYear 2025
PossibleUse Professional, Urban Commercial
InternetConsumerCommentYN Yes
LotSizeUnits Square Feet
MIAMIRE_SpecialAssessmentYN No
MIAMIRE_IncExpStatementPeriod 000
ListingContractDate 2026-05-16
Zoning 6101
RoadFrontageType City/County Maintained
StateOrProvince FL
MIAMIRE_Jurisdiction City
FrontageLength 50
SignOnPropertyYN No
IDXParticipationYN Yes
LotSizeDimensions 50x150
HorseYN No
LeasableAreaUnits Square Feet
Sewer Public Sanitation
SyndicationRemarks Wynwood land with a 8 plex generation income. T5-O - MIX USE COMMERCIAL (8/8 Studios in WYNWOOD) •Zoning: T5-O/NRD-1 • Lot Size 7,500SF •Covered Land Play property; Owner would receive income while working on development plans • Great opportunity for owner user or developer with all tenant leases up-to-date • Current income: Approx. $12,400/Month • Property includes 8 street parking spaces (City Decal) • New roof installed in '16 • WiFi network for all tenants • Central washer and dryer • Minutes to Miami Design District, Midtown, Allapattah, Miami beach, Downtown Miami and more
MIAMIRE_LPAmtSqFt 463.3333
MIAMIRE_FloodZone X
Utilities Electricity Connected, Natural Gas Connected, Water Connected, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Removal, Water Available
NewConstructionYN No
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LotFeatures City Location, 1-2.5 Acres
MIAMIRE_OkToAdvertiseList Yes - Attribution Required (Agent and Office)
LotSizeSquareFeet 7500
UnparsedAddress 118 NW 24th St, Miami FL 33127
MIAMIRE_Blogging Yes
FeedTypes IDX