40
  • Type
  • Single Family Residence
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 0
  • Garage
  • 2709 Sq Ft
  • Area Size
500 SW 39th Ct, Miami FL 33134 | Miami-Dade County | A11944489
  • $1,600,000

Description

Rare oversized lot near Coral Gables in a well-established neighborhood with great schools and high property values! Spacious ±4,000 SF 3BR/2BA+ home on an approx. 21,479 SF lot offers incredible flexibility: live comfortably as-is, do light cosmetic updates without over-improving, or rent it out while you plan future new construction where nearby new homes sell for over $2M. Likely potential to subdivide into multiple parcels (buyer to verify with county). Truly a once-in-a-lifetime opportunity, offered just over assessed value—huge upside for builders, developers, investors, or end-users seeking land value and location. Don’t wait, call today.

Property Overview

This single-family home, known as the Floyd Gove Estate, was built in 1952 and offers 2,709 square feet of living space with three bedrooms and two full baths. It is located on an approximately 21,479 square foot lot in Miami, just outside Coral Gables. The property sits in a well-established neighborhood with high property values. Its rare, oversized lot provides significant flexibility, whether you choose to live in the home as-is, perform updates, or consider it a land opportunity. Based on nearby sales, new construction homes in the area have sold for over two million dollars. The current asking price is $1,600,000. For specific details regarding potential subdivision or other lot use, please verify directly with the county.

Frequently Asked Questions

What is the size of the lot and home?

The property is sited on an approximately 21,479 square foot lot. The single-family home itself has 2,709 square feet of living area.

What are the basic specifications of the house?

It is a 3-bedroom, 2-bathroom home built in 1952.

Is there potential to build a new home or subdivide the lot?

The large lot offers flexibility for future plans. The listing notes likely potential to subdivide into multiple parcels, but any buyer must verify feasibility and requirements directly with Miami-Dade County.

What is the asking price?

The list price is $1,600,000.

What is the neighborhood like?

It is located in a well-established Miami neighborhood near Coral Gables, known for high property values and proximity to highly-rated schools.

What is the current condition and suggested use for the property?

The home is described as offering incredible flexibility: it can be lived in as-is, updated with light cosmetic work, rented out, or potentially redeveloped, given the significant lot size and land value in the area.

Monthly Fees & Carrying Costs

  • Membership Required: No

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  • Address: 39th Ct
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33134
  • Area: FLOYD GOVE ESTATE

Details

Updated on July 8, 2026 at 1:41 am
  • Property ID A11944489
  • Price $1,600,000
  • Property Size 2709 Sq Ft
  • Bedrooms 3
  • Room 0
  • Bathrooms 2
  • Garage 0
  • Year Built 1952
  • Type Single Family Residence
  • Property Status Active, Residential

Additional details

  • Flooring Other
  • Bedroom Features Other
  • Cooling Other
  • Association Type None
  • Building FLOYD GOVE ESTATE
  • Area Floyd Gove Estate
  • Annual Tax 6232
  • Association No
  • Elementary School Auburndale
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 2
  • Subdivision FLOYD GOVE ESTATE
  • Restrictions No Restrictions, Ok To Lease
  • Parking Driveway, On Street
  • Heating Other
  • Structure Type R30-No Pool/No Water, House
  • Tax Year 2025
  • Construction Concrete Block Construction
  • Building Area 3271
  • Covered Spaces 0
  • Middle School Kinlock Park
  • View None
  • Year Built Details Resale
  • High School Coral Gables
  • Pets Allowed Yes
  • Half Bathrooms 0
  • Flood Zone X
  • New Construction No
  • Garage Spaces 0
  • Style R30-No Pool/No Water
  • Lot Size (Sq Ft) 21479
  • Membership Purchase Required No

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