259 NE 57th St, Miami FL 33137 | Miami-Dade County | A12028461
- $525,000
- $525,000
Description
Exceptional opportunity to invest in Miami’s rapidly evolving Innovation District!
This generously sized lot offers the perfect canvas to build your dream duplex, or take advantage of the existing structure as a covered land play while your investment appreciates.
Ideally positioned near the transformative Magic City development, a forthcoming multi-billion-dollar project, this property also enjoys close proximity to the vibrant dining and retail scene of Little River, 55th Street Station, and Morningside Bayfront Park. Just minutes away, you’ll find the Design District, Midtown, and Wynwood, placing some of Miami’s most sought-after destinations at your doorstep.
Please note: Rendering is for marketing purposes only.
Investment highlight: Current tenant pays $1,900/month in rent.
Property Overview
This is a 2-bedroom, 1-bath home of about 840 square feet at 259 NE 57th St, Miami FL 33137 (Miami 33137), listed at $525,000.
Monthly Costs, Stated Plainly
This home has no mandatory HOA (single-family / no association on record).
The tax of record is $3,002 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $10,500/yr (≈ $875/mo); with the homestead exemption on a primary residence, about $9,500/yr (≈ $792/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 home at 259 NE 57th St, Miami FL 33137 is listed at $525,000. While the MLS does not specify furnished status, fixtures and built-in appliances generally convey with the home—confirm specifics during due diligence. Community amenities, if any, would be shared through the HOA and not part of the home itself. For precise details on what’s included and to explore this 2-bed, 1-bath property, contact Christopher Lazaro, Miami Real Estate Realtor, directly.
Where exactly is it, and what should I know about the location?
259 NE 57th St is in Miami’s Upper Eastside, zip code 33137, along the coastal corridor just west of Biscayne Bay. The neighborhood offers walkable access to local cafes, parks like Morningside Park, and the Design District’s galleries and shops, while downtown Miami is a short drive away. For precise insights on traffic patterns, flood zones, or future development, reach out to Christopher Lazaro, Miami Real Estate Realtor, by phone or his website—he’ll prioritize your needs.
What are the HOA / association fees, and what do they cover?
This home at 259 NE 57th St has no mandatory HOA—it's a single-family property with no association on record. The owner handles all utilities, landscaping, and upkeep directly, though the home remains subject to Miami city ordinances. For full clarity on local regulations or to discuss similar off-market opportunities, contact Christopher Lazaro, Miami Real Estate Realtor, for personalized guidance.
What are the property taxes and homestead implications?
The property at 259 NE 57th St has a current tax of record at $3,002 (2025), but Florida reassesses taxes at sale. As an ESTIMATE ONLY, at the $525,000 list price and Miami-Dade’s approximate 2.0% rate: without homestead, expect around $10,500/yr (≈ $875/mo); with Florida’s homestead exemption—which reduces taxable value for primary residences only—the ESTIMATE drops to roughly $9,500/yr (≈ $792/mo). Always confirm with the Miami-Dade Property Appraiser and a tax professional, as these are not binding quotes. For precise figures tailored to your situation, contact Christopher Lazaro, Miami Real Estate Realtor.
Is the home in a flood zone, and what does that mean?
Flood zones indicate a property's risk level for flooding, with FEMA designating areas as high-risk (like Zone A or V) or moderate/low-risk (Zone X). You can review FEMA's flood zone definitions or view the FEMA flood map for this address to assess 259 NE 57th St's specific classification. If the home falls in a high-risk zone, lenders typically mandate flood insurance—an important cost to factor into your budget. For precise details on this property's flood status and insurance implications, contact Christopher Lazaro, Miami Real Estate Realtor, for expert guidance.
Are pets allowed?
This single-family home at 259 NE 57th St has no HOA or condo restrictions, so pet policies are solely determined by the owner—whether for personal use or tenant leases—within Miami-Dade County guidelines. Documented service animals and emotional support animals (ESAs) are protected under federal law regardless of ownership. For precise details on current allowances, contact Christopher Lazaro, Miami Real Estate Realtor, to confirm before proceeding.
How is the price set and is there room to negotiate?
The $525,000 list price reflects a tailored Comparative Market Analysis (CMA) for 259 NE 57th St, weighing recent sales of similar 2-bed homes in Miami’s Upper Eastside. Miami-Dade’s broader market shows single-family homes closing at 95% of original list (averaging 41 days to contract per MIAMI REALTORS®, May 2026), signaling measured negotiability—but hyperlocal dynamics like this home’s walkability or updates can shift leverage. Before drafting an offer, let’s review a fresh Miami-specific CMA together. Reach out to Christopher Lazaro, Miami Real Estate Realtor, to verify your strategy.
What financing step do you recommend before touring?
Before touring 259 NE 57th 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's competitive market, especially for this $525,000 2-bedroom home. Reach out to me, Christopher Lazaro, to verify your pre-approval details or discuss next steps—I’ll ensure you’re fully prepared.
Monthly Fees & Carrying Costs
- Membership Required: No
Have a question about this Miami listing?
Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 57th St
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City: Miami
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Zip/Postal Code: 33137
Details
Updated on July 3, 2026 at 8:42 pm-
Property ID A12028461
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Price $525,000
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Property Size 840 Sq Ft
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Bedrooms 2
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Room 0
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Bathroom 1
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Year Built 1932
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Property Status Active, Residential
Additional details
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Flooring Vinyl, Wood
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Bedroom Features At Least 1 Bedroom Ground Level
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Cooling Wall/Window Unit(s)
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Association Type None
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Building DIXIE HIGHWAY TRACK
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Area Dixie Highway Track
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Annual Tax 3002
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional, FHA
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Waterfront No
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Full Bathrooms 1
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Subdivision DIXIE HIGHWAY TRACK
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Restrictions No Restrictions
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Parking Driveway
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Heating Window/Wall
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Structure Type R30-No Pool/No Water, House
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Tax Year 2025
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Construction Frame With Stucco, Other, Wood Siding
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Building Area 952
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Covered Spaces 0
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View Garden
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Year Built Details Effective Year Built
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Half Bathrooms 0
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Flood Zone X
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Patio / Porch Awning(s)
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New Construction No
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Garage Spaces 0
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Style R30-No Pool/No Water
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Lot Size (Sq Ft) 5000
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Membership Purchase Required No
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