What is the asking price and what does it include?

The list price for 240 SW 7th Ave, Miami FL 33130 is $5,300,000. The property is a property with — bedrooms, — bathrooms, approximately — 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 240 SW 7th Ave, Miami FL 33130 in Miami, 33130. Coordinates are approximately 25.7710459, -80.206192. 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 5,300,000 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 240 SW 7th Ave, Miami FL 33130.

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.

240 SW 7th Ave, Miami FL 33130 | Miami-Dade County | A12023017

Sq Ft
Area Size

Active

240 SW 7th Ave, Miami FL 33130 | Miami-Dade County | A12023017

$5,300,000

Description

SF 35,000 FIVE EXCELLENT RESIDENTIAL LOTS SELLING TOGETHER.
FOUR FOLIOS NUMBERS
Residential land for sale! Great opportunity is four lots all together the premises already include electricity, gas, sewer and water connections, the land is located at a very nice residential area has schools near by and just across from Riverside Park, it is two blocks from Flagler St and very close to I-95 and Miami River, minutes from Miami International Airport

Address

Open on Google Maps

Address: 7th Ave
City: Miami
Zip/Postal Code: 33130

Details

Updated on June 8, 2026 at 1:20 pm

Property ID A12023017
Price $5,300,000
Property Status Active

Additional details

StreetDirPrefix SW
LivingAreaUnits Square Feet
PhotosCount 8
MIAMIRE_SubdivisionNumber 20
ViewYN No
MIAMIRE_EnvironmentalAudit Unknown
MIAMIRE_NARRulesYN Yes
BuildingName CITY OF MIAMI SOUTH
ListingKeyNumeric 485965570
MLSAreaMajor City Of Miami South
TaxAnnualAmount 43000
CurrentUse Other Usage, Other Style
AssociationYN No
MlsStatus Active
StreetNumber 240
ListingKey ddd53a00a565e18d7681e1492576911e
MIAMIRE_AddressInternetDisplay 240 SW 7th Ave
PoolPrivateYN No
Possession Funding
WaterfrontYN No
SubdivisionName CITY OF MIAMI SOUTH
InternetAddressDisplayYN Yes
WaterSource Other
StreetNumberNumeric 240
MIAMIRE_MunicipalCode 1
MIAMIRE_Area 41
ListingAgreement Exclusive Agency
RoadResponsibility Public Maintained Road
ListingId A12023017
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN Yes
InternetAutomatedValuationDisplayYN No
TaxYear 2025
PossibleUse Central Urban
InternetConsumerCommentYN No
LotSizeUnits Square Feet
MIAMIRE_IncExpStatementPeriod 0
ListingContractDate 2026-05-20
Zoning 3900
RoadFrontageType City/County Maintained
StateOrProvince FL
MIAMIRE_Jurisdiction City
FrontageLength 1000
MIAMIRE_DadeMarketAmtAssessedAmt 0
SignOnPropertyYN No
IDXParticipationYN Yes
LotSizeDimensions 1000x3500
HorseYN No
LeasableAreaUnits Square Feet
Sewer Other
SyndicationRemarks SF 35,000 FIVE EXCELLENT RESIDENTIAL LOTS SELLING TOGETHER. FOUR FOLIOS NUMBERS Residential land for sale! Great opportunity is four lots all together the premises already include electricity, gas, sewer and water connections, the land is located at a very nice residential area has schools near by and just across from Riverside Park, it is two blocks from Flagler St and very close to I-95 and Miami River, minutes from Miami International Airport
MIAMIRE_LPAmtSqFt 151.4286
MIAMIRE_FloodZone AE
Utilities Other Utilities Available, Other
NewConstructionYN No
LotFeatures City Location, Less Than 1 Acre
MIAMIRE_OkToAdvertiseList No
LotSizeSquareFeet 35000
UnparsedAddress 240 SW 7th Ave, Miami FL 33130
MIAMIRE_Blogging Yes
FeedTypes IDX