What is the asking price and what does it include?

The list price for 1240 71st St, Miami Beach FL 33141 is $950,000. The property is a Residential with — bedrooms, — bathrooms, approximately — square feet of living space, on a 0.167 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 1240 71st St, Miami Beach FL 33141 in Miami Beach, 33141. Coordinates are approximately 25.8540331, -80.1321943. 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 Beach — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 950,000 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 1240 71st St, Miami Beach FL 33141.

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.

1240 71st St, Miami Beach FL 33141 | Miami-Dade County

Type
Residential

Square Feet
Area Size

Land/Boat Docks Active

1240 71st St, Miami Beach FL 33141 | Miami-Dade County | A12025206

$950,000

Description

Incredible opportunity to build a 3-story, 5,300 SF custom residence, multi family or family office with a rooftop terrace overlooking downtown Miami. Ideally located within walking distance to the beach, in a rapidly evolving and expanding neighborhood. A rare chance to create the ultimate modern Beach Loft in one of Miami’s most promising enclaves. Zoned RO (Residential Office) allowing single-family, multi-family and mixed use, with a maximum FAR of 0.75 (~5,315 SF permitted) and height of 33 feet from DFE.

Address

Open on Google Maps

Address: 71st St
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33141
Area: OCEANSIDE SEC ISLE OF NOR

Details

Updated on May 28, 2026 at 2:59 am

Property ID A12025206
Price $950,000
Land Area 0.167 Square Feet
Type Residential
Property Status Land/Boat Docks

Additional details

BuildingAreaUnits Square Feet
BuildingName OCEANSIDE SEC ISLE OF NOR
ContractStatusChangeDate 2026-05-27
CurrentUse Residential, Other Usage
DaysOnMarket 0
DevelopmentStatus Undeveloped
DirectionFaces North
ExpirationDate 2027-04-23
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-458-8840
ListingTerms All Cash, Conventional
LotFeatures City Location, Corner Location, Dirt, Other Lot Description, No Misc/Improvements
LotSizeSquareFeet 7087
MLSAreaMajor Oceanside Sec Isle Of Nor
MajorChangeTimestamp May 27, 2026 at 01:45pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp May 27, 2026 at 07:00pm
OnMarketDate 2026-05-27
OriginalEntryTimestamp May 27, 2026 at 01:45pm
OriginalListPrice 950000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
OtherStructures Other Bldg Incl
ParcelNumber 02-32-10-013-1570
PhotosChangeTimestamp May 27, 2026 at 01:48pm
PhotosCount 11
Possession Other
PostalCode 33141
PostalCodePlus4 3648
PriceChangeTimestamp May 26, 2026 at 04:12pm
PublicSurveyRange 32
PublicSurveySection 10
PublicSurveyTownship 32
RoadFrontageType City/County Maintained
RoadResponsibility Public Maintained Road
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 495595709
StateOrProvince FL
StatusChangeTimestamp May 27, 2026 at 01:45pm
StreetName 71st St
StreetNumber 1240
StreetNumberNumeric 1240
StructureType Residential
SyndicationRemarks Incredible opportunity to build a 3-story, 5, 300 SF custom residence, multi family or family office with a rooftop terrace overlooking downtown Miami. Ideally located within walking distance to the beach, in a rapidly evolving and expanding neighborhood. A rare chance to create the ultimate modern Beach Loft in one of Miami's most promising enclaves. Zoned RO (Residential Office) allowing single-family, multi-family and mixed use, with a maximum FAR of 0.75 (~5, 315 SF permitted) and height of 33 feet from DFE.
TaxAnnualAmount 16510
TaxLegalDescription 2-3 10-11-53 42 PB 25-60 OCEAN SIDE SEC ISLE OF NORMANDY LOT 1 BLK 11 LOT SIZE 56.700 X 125
TaxYear 2025
Utilities Sewer Connected, Underground Utilities, Water Connected, Other
Vegetation Other Trees
WaterSource Municipal Water
Zoning 4800