What is the asking price and what does it include?

The list price for 435 NE 71st St, Miami FL 33138 is $780,000. The property is a Single Family Residence with 2 bedrooms, 1.5 bathrooms, approximately 945 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 435 NE 71st St, Miami FL 33138 in Miami, 33138. 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 780,000 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 435 NE 71st St, Miami FL 33138.

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.

435 NE 71st St, Miami FL 33138 | Miami-Dade County | A12029069

Residential Active

435 NE 71st St, Miami FL 33138 | Miami-Dade County | A12029069

$780,000

Description

Exceptional investment opportunity in Miami’s rapidly growing MiMo District. This income-producing property is currently tenant occupied under a recently renewed lease, providing immediate rental income from day one.

The home features 2 bedrooms, 1.5 bathrooms, plus a versatile studio/flex space with direct access to the backyard, ideal as a home office, guest room, creative studio, or additional living area. Recent upgrades include impact windows and doors (2022), updated bathrooms, a remodeled kitchen, and a spacious outdoor deck, offering a move-in-ready asset with minimal immediate capital expenditures.
Situated on a generous 7,250 SF lot, this property combines strong current cash flow with long-term upside in one of Miami’s most dynamic neighborhoods. Located just minutes from the Design District, Wynwood, Downtown Miami, and Miami Beach, and surrounded by ongoing redevelopment and investment activity.
An ideal opportunity for investors seeking immediate income, quality improvements, and future growth potential in a high-demand Miami location.

Address

Open on Google Maps

Address: 71st St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33138
Area: FEDERAL WAY AMD

Details

Updated on June 3, 2026 at 3:55 pm

Property ID A12029069
Price $780,000
Property Size 945 Square Feet
Bedrooms 2
Bathrooms 1.5
Garage 1
Year Built 1941
Type Single Family Residence
Property Status Residential

Additional details

ArchitecturalStyle Detached, One Story
BathroomsFull 1
BathroomsHalf 1
BuildingAreaTotal 1251
BuildingAreaUnits Square Feet
BuildingName FEDERAL WAY AMD
CommunityFeatures Gas Metered
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-06-01
Cooling Central Air
CoveredSpaces 1
DaysOnMarket 2
DirectionFaces Northeast
DoorFeatures High Impact Doors
ExpirationDate 2026-09-30
Fencing Fenced
FireplaceFeatures Fireplace
Flooring Wood
Heating None
HighSchool Miami Edison
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-635-8833
ListingTerms All Cash, Conventional, VA Loan
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 7250
MLSAreaMajor Federal Way Amd
MajorChangeTimestamp June 3, 2026 at 04:38pm
MajorChangeType Price Decrease
MiddleOrJuniorSchool Horace Mann
MlsStatus Active
ModificationTimestamp June 3, 2026 at 04:38pm
OnMarketDate 2026-06-01
OriginalEntryTimestamp June 1, 2026 at 11:32pm
OriginalListPrice 820000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherEquipment Automatic Garage Door Opener
OtherExpense 0
ParcelNumber 01-32-07-040-2820
ParkingFeatures Driveway
PatioAndPorchFeatures Deck, Patio
PhotosCount 0
Possession Negotiable
PostalCode 33138
PostalCodePlus4 5013
PreviousListPrice 820000
PriceChangeTimestamp June 3, 2026 at 04:38pm
PublicSurveyRange 32
PublicSurveySection 7
PublicSurveyTownship 32
Roof Shingle
RoomsTotal 0
SecurityFeatures Owned Burglar Alarm, Security System Leased, Smoke Detector
Sewer Public Sewer
ShowingInstructions Appointment Only
SourceSystemKey 502825501
StateOrProvince FL
StatusChangeTimestamp June 1, 2026 at 11:32pm
StreetDirPrefix NE
StreetName 71st St
StreetNumber 435
StreetNumberNumeric 435
StructureType R30-No Pool/No Water, House
SyndicationRemarks Exceptional investment opportunity in Miami's rapidly growing MiMo District. This income-producing property is currently tenant occupied under a recently renewed lease, providing immediate rental income from day one. The home features 2 bedrooms, 1.5 bathrooms, plus a versatile studio/flex space with direct access to the backyard, ideal as a home office, guest room, creative studio, or additional living area. Recent upgrades include impact windows and doors (2022), updated bathrooms, a remodeled kitchen, and a spacious outdoor deck, offering a move-in-ready asset with minimal immediate capital expenditures. Situated on a generous 7, 250 SF lot, this property combines strong current cash flow with long-term upside in one of Miami's most dynamic neighborhoods. Located just minutes from the Design District, Wynwood, Downtown Miami, and Miami Beach, and surrounded by ongoing redevelopment and investment activity. An ideal opportunity for investors seeking immediate income, quality improvements, and future growth potential in a high-demand Miami location.
TaxAnnualAmount 13174
TaxLegalDescription FEDERAL WAY AMD PB 25-6 LOT 11 BLK 21 LOT SIZE 50.000 X 145 COC 24126-2735 12 2005 5
TaxYear 2025
View None
WaterSource Municipal Water
WindowFeatures Clear Impact Glass, Impact Glass
YearBuiltDetails Resale
Zoning 0104