What is the asking price and what does it include?

The list price for 224 NE 111th St, Miami FL 33161 is $675,000. The property is a Duplex with — bedrooms, — bathrooms, approximately 1484 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 224 NE 111th St, Miami FL 33161 in Miami, 33161. 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 675,000 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 224 NE 111th St, Miami FL 33161.

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.

224 NE 111th St, Miami FL 33161 | Miami-Dade County

Residential Income Active

224 NE 111th St, Miami FL 33161 | Miami-Dade County | A12022610

$675,000

Description

Fully furnished and fully renovated duplex featuring two 3BD/1BA units with polished terrazzo floors throughout. Currently used as a high-performing Airbnb and excellent income potential. Both units share a washer/dryer located at the back of the property. Major upgrades completed in 2025 include new roof, electrical, plumbing, appliances, and two new A/C systems. Located directly across from Barry University, ideal for student housing, short-term, or long-term rentals. A perfect turnkey investment or owner-occupant opportunity!

Address

Open on Google Maps

Address: 111th St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33161
Area: MIAMI HIGHLANDS SEC A

Details

Updated on June 3, 2026 at 5:22 pm

Property ID A12022610
Price $675,000
Property Size 1484 Square Feet
Year Built 1947
Type Duplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 1848
BuildingAreaUnits Square Feet
BuildingName MIAMI HIGHLANDS SEC A
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-05-21
Cooling Central Air
DaysOnMarket 13
DocumentsAvailable Financial Statement
ExpirationDate 2026-12-31
Flooring Terrazzo
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-796-6966
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Miami Highlands Sec A
MajorChangeTimestamp June 3, 2026 at 02:59pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp June 3, 2026 at 07:01pm
NetOperatingIncome 20161
NumberOfUnitsInCommunity 1
NumberOfUnitsTotal 2
OnMarketDate 2026-05-21
OperatingExpense 64072
OriginalEntryTimestamp June 3, 2026 at 02:59pm
OriginalListPrice 675000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 30-22-31-029-0190
ParkingTotal 4
PhotosCount 0
Possession Rental Agreement
PostalCode 33161
PostalCodePlus4 7021
PriceChangeTimestamp May 20, 2026 at 05:29pm
PropertyCondition Completely Renovated
PublicSurveyRange 22
PublicSurveySection 31
PublicSurveyTownship 22
RentIncludes Electricity
Roof Shingle
Sewer Septic Tank
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 485590979
StateOrProvince FL
StatusChangeTimestamp June 3, 2026 at 02:59pm
Stories 0
StoriesTotal 0
StreetDirPrefix NE
StreetName 111th St
StreetNumber 224
StreetNumberNumeric 224
StructureType Duplex
SyndicationRemarks Fully furnished and fully renovated duplex featuring two 3BD/1BA units with polished terrazzo floors throughout. Currently used as a high-performing Airbnb and excellent income potential. Both units share a washer/dryer located at the back of the property. Major upgrades completed in 2025 include new roof, electrical, plumbing, appliances, and two new A/C systems. Located directly across from Barry University, ideal for student housing, short-term, or long-term rentals. A perfect turnkey investment or owner-occupant opportunity!
TaxAnnualAmount 7464
TaxLegalDescription MIAMI HIGHLANDS SEC A PB 13-34 LOT 10 BLK 2 LOT SIZE 60.000 X 82 OR 16107-1426 1093 1 COC 22378-3921 06 2004 1
TaxYear 2025
TotalActualRent 84234
YearBuiltDetails Resale
Zoning 5700