295 NW 42nd St, Miami FL 33127 | Miami-Dade County | A12095610

295 NW 42nd St, Miami FL 33127

Active Residential

$1,500,000

10 More

3
Bedrooms

3
Bathrooms

1460 Sq Ft
Area Size

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Active Residential

295 NW 42nd St, Miami FL 33127 | Miami-Dade County | A12095610

295 NW 42nd St, Miami FL 33127

$1,500,000

Description

A rare 10,800-square-foot double corner lot opportunity in a prime Miami location, offering both rental income and future redevelopment potential. The fully renovated 3-bedroom, 3-bath residence features an in-law suite, impact windows and doors, and lush, fenced grounds, providing a turnkey opportunity to generate income today. The property’s substantial lot size and two-lot configuration also offer the potential to redevelop into two single-family homes under T3-L zoning, subject to applicable approvals. Ideally located just three minutes from the Miami Design District and approximately five minutes from Wynwood and Midtown, the property offers convenient access to some of Miami’s premier dining, shopping, and entertainment. Recent nearby sales further underscore the area’s land and redevelopment activity. A compelling opportunity for an investor, end user, or developer seeking immediate utility with longer-term redevelopment potential.

Property Overview

At 295 NW 42nd St in Miami, this 1938 single-family home sits on a rare 10,800-square-foot double corner lot within the Columbia Park Corr Pl area. The residence offers 1,460 square feet of living space, configured with three bedrooms and three full baths. The property includes an in-law suite, impact windows and doors, and fenced grounds, making it ready for immediate use. The site is zoned T3-L, which allows for potential redevelopment into two single-family homes, subject to applicable approvals. This dual-lot configuration provides flexibility for investors or developers looking to maximize land value. The location places you just three minutes from the Miami Design District and approximately five minutes from Wynwood and Midtown, with easy access to local dining and shopping. Priced at $1,500,000, this listing offers a balance of current utility and long-term potential. For details on specific redevelopment requirements, zoning approvals, or other non-public information, please call 305-859-4733. Miami Beach Brokers (Real Broker LLC) can assist you in evaluating how this property fits your goals.

Frequently Asked Questions

What are the basic features of the home and the lot?

This single-family home has 3 bedrooms and 3 full bathrooms. The living area is 1,460 square feet. The property sits on a double corner lot totaling 10,800 square feet in the Columbia Park Corr Pl subdivision.

How old is the property and what recent updates does it have?

The house was built in 1938. It has been fully renovated and features an in-law suite, impact windows and doors, and fenced grounds.

What are the redevelopment and zoning details?

The property is zoned T3-L. Because of the 10,800-square-foot double corner lot configuration, there is potential to redevelop the site into two single-family homes, subject to applicable approvals.

Where is the property located relative to nearby neighborhoods?

The address is 295 NW 42nd St in Miami. It is located approximately three minutes from the Miami Design District and about five minutes from Wynwood and Midtown.

What is the listing price and property type?

The property is listed for sale at $1,500,000. It is classified as a single-family residence.

What other details should I know about the property's condition?

The home is described as a turnkey opportunity with lush, fenced grounds. It includes an in-law suite and updated impact windows and doors. For specific details regarding assessments or non-public information, please call 305-859-4733.