3800 Charles Ter, Miami FL 33133 | Miami-Dade County | A11994246

3800 Charles Ter, Miami FL 33133

Active Residential Active

$1,099,000

12 More

Type
Single Family Residence

3
Bedrooms

3
Bathrooms

0
Garage

1100 Sq Ft
Area Size

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Active Residential Active

3800 Charles Ter, Miami FL 33133 | Miami-Dade County | A11994246

3800 Charles Ter, Miami FL 33133

$1,099,000

Description

Beautiful 3/3 home with Pool and T3 zoning! Many great possibilities for this property. The property is in a very desirable area of Coconut Grove. It consists of 3 bedrooms, 3 bathrooms with a pool, luxury flooring, spacious parking, and more. It’s currently 3 1/1’s with separate entrances. Can be an Airbnb cash cow. Estimated 12-17k per month! Has an outdoor kitchen that is perfect for entertaining hosting gatherings. You can also build luxury townhomes here and sell for 1.5 million each and collect rent until plans are approved! Call to schedule appointment today.

Property Overview

This is a single-family home at 3800 Charles Terrace in the Kingsway subdivision of Coconut Grove. Built in 1950, the 1,100-square-foot residence has three bedrooms and three full bathrooms. The property features a pool, an outdoor kitchen, and luxury flooring. Its current layout is configured as three separate one-bedroom, one-bathroom units, each with its own entrance. The lot carries T3 zoning, which allows for various future possibilities. This includes the potential to build new construction, such as luxury townhomes, subject to the necessary planning and approval processes.

Frequently Asked Questions

What is the zoning for this property, and what does T3 allow?

The property has T3 zoning. This zoning designation typically allows for a mix of residential and commercial uses, including the potential for townhouse and small-scale multifamily development, as well as the ability to maintain the existing single-family home. It's best to consult with the City of Miami Planning Department for specific allowable uses, densities, and building requirements.

What is the current layout and condition of the home?

The home is a 3-bedroom, 3-bathroom single-family house built in 1950 with 1,100 square feet of living area. It is currently configured as three separate 1-bedroom, 1-bathroom units, each with its own entrance. The property features a pool, luxury flooring, and an outdoor kitchen.

Is the income projection in the listing guaranteed?

No, the estimated monthly rental income of $12,000-$17,000 for use as an Airbnb or the potential sales prices for future townhomes are projections provided in the public description. These figures are not guaranteed and depend on market conditions, proper permitting, management, and other factors. A buyer should conduct their own due diligence and financial analysis.

Where exactly is the property located?

The property is located at 3800 Charles Terrace in the Coconut Grove neighborhood of Miami, FL 33133. It is within the Kingsway subdivision.

What are the parking arrangements?

The public description notes the property has 'spacious parking.' For specific details on the number of dedicated parking spaces or the configuration, please call 305-859-4733.

Can the home be converted back to a single-family residence?

Given its current layout as three separate units, converting it back to a traditional single-family home would likely be possible, but would require checking current building codes, obtaining any necessary permits, and undertaking renovation work. A buyer should verify feasibility with a qualified contractor or architect.