What is the asking price and what does it include?

The list price for 1040 NW 23rd Ct, Miami FL 33125 is $800,000. The property is a Duplex with — bedrooms, — bathrooms, approximately 1758 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 1040 NW 23rd Ct, Miami FL 33125 in Miami, 33125. 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 800,000 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 1040 NW 23rd Ct, Miami FL 33125.

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.

1040 NW 23rd Ct, Miami FL 33125 | Miami-Dade County

Residential Income Active

1040 NW 23rd Ct, Miami FL 33125 | Miami-Dade County | A12028039

$800,000

Description

Income-producing duplex located in a growing Miami neighborhood with strong long-term upside potential. This property features two separate 2-bedroom, 1-bath units, offering an excellent opportunity for investors seeking rental income or owner-occupants looking to offset expenses with additional rental revenue. Situated on a spacious lot, the property is conveniently located near major highways, Miami International Airport, shopping, dining, schools, and public transportation. Just minutes from Midtown Miami, Wynwood, and Downtown Miami, this location offers easy access to some of the city’s most desirable destinations. Tenant occupied. Showings by appointment only. Please do not disturb tenants.

Address

Open on Google Maps

Address: 23rd Ct
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33125
Area: RIVERSIDE FARMS

Details

Updated on June 1, 2026 at 9:15 pm

Property ID A12028039
Price $800,000
Property Size 1758 Square Feet
Year Built 1963
Type Duplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 1974
BuildingAreaUnits Square Feet
BuildingName RIVERSIDE FARMS
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-05-30
Cooling Other
DaysOnMarket 2
Directions From SR-836, take NW 17th Ave north, turn west on NW 11th St, then north on NW 23rd Ct to property.
DocumentsAvailable None
ExpirationDate 2026-08-27
Flooring Other
Heating Central, Other
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-930-4671
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Riverside Farms
MajorChangeTimestamp June 1, 2026 at 01:39pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp June 1, 2026 at 07:00pm
NumberOfUnitsInCommunity 2
NumberOfUnitsTotal 2
OnMarketDate 2026-05-30
OriginalEntryTimestamp June 1, 2026 at 01:39pm
OriginalListPrice 800000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-34-038-1631
ParkingTotal 0
PhotosCount 0
Possession Negotiable, Other
PostalCode 33125
PostalCodePlus4 3222
PriceChangeTimestamp May 30, 2026 at 10:18pm
PublicSurveyRange 31
PublicSurveySection 34
PublicSurveyTownship 31
RentIncludes None
Roof Aluminum
Sewer Other
ShowingInstructions 24 Hour Notice
SourceSystemKey 501926483
StateOrProvince FL
StatusChangeTimestamp June 1, 2026 at 01:39pm
Stories 1
StoriesTotal 1
StreetDirPrefix NW
StreetName 23rd Ct
StreetNumber 1040
StreetNumberNumeric 1040
StructureType Duplex
SyndicationRemarks Income-producing duplex located in a growing Miami neighborhood with strong long-term upside potential. This property features two separate 2-bedroom, 1-bath units, offering an excellent opportunity for investors seeking rental income or owner-occupants looking to offset expenses with additional rental revenue. Situated on a spacious lot, the property is conveniently located near major highways, Miami International Airport, shopping, dining, schools, and public transportation. Just minutes from Midtown Miami, Wynwood, and Downtown Miami, this location offers easy access to some of the city's most desirable destinations. Tenant occupied. Showings by appointment only. Please do not disturb tenants.
TaxAnnualAmount 9838
TaxLegalDescription 34 53 41 RIVERSIDE FARMS PB 2-88 S70FT OF BLK 39 LESS W185FT LOT SIZE 70.000 X 109
TaxYear 2025
YearBuiltDetails Effective Year Built
Zoning 5700