39
  • Type
  • Single Family Residence
  • 2
  • Bedrooms
  • 1.5
  • Bathrooms
  • 1
  • Garage
  • 945 Sq Ft
  • Area Size
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.

Property Overview

This is a 2-bedroom, 1.5-bath home of about 945 square feet at 435 NE 71st St, Miami FL 33138 (Miami 33138), listed at $780,000.

Monthly Costs, Stated Plainly

This home has no mandatory HOA (single-family / no association on record).

The tax of record is $13,174 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $15,600/yr (≈ $1,300/mo); with the homestead exemption on a primary residence, about $14,600/yr (≈ $1,217/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.

Frequently Asked Questions

What is the list price, and what typically conveys with a home like this?

The list price is $780,000. The MLS record does not explicitly state the furnished status, so what conveys must be verified; typically, all fixtures and permanently installed appliances are included with the home.

Community or on-site amenities, which are distinct from the property itself, are also subject to confirmation. For precise details on what is included, contact Christopher Lazaro, Miami Real Estate Realtor, for a definitive review of the offering.

Where exactly is it, and what should I know about the location?

The property at 435 NE 71st St is in Miami, 33138, within the coastal corridor between Biscayne Boulevard and the bay. The area offers proximity to several marinas and waterfront parks.

To discuss the specific dynamics of this neighborhood and verify current market conditions, you should contact Christopher Lazaro, Miami Real Estate Realtor, directly.

What are the HOA / association fees, and what do they cover?

This property at 435 NE 71st St has no mandatory homeowners association. As a single-family home with no association on record, the owner is responsible for all utilities, maintenance, and exterior upkeep.

The property remains subject to standard City of Miami ordinances. For complete verification of responsibilities and local regulations, please contact Christopher Lazaro, Miami Real Estate Realtor.

What are the property taxes and homestead implications?

The tax of record is $13,174 for 2025. As an estimate only, Florida reassesses upon sale. At this list price of $780,000 and a Miami-Dade rate near 2.0%, the estimated annual property tax would be approximately $15,600 without a homestead exemption, or about $14,600 with it. The homestead exemption lowers the taxable value, but it applies only if this is your primary residence.

These are estimates, not quotes. You should confirm the figures with the Miami-Dade Property Appraiser and a tax professional. To verify this analysis and discuss your specific situation, reach out to Christopher Lazaro, Miami Real Estate Realtor.

Is the home in a flood zone, and what does that mean?

The property at 435 NE 71st St is in a FEMA-designated flood zone, specifically Zone AE. This is a high-risk area where flood insurance is mandatory with a federally backed mortgage. You can view the FEMA flood map for this address and read the official FEMA definitions for more detail.

To confirm the exact insurance requirements and cost implications for this listing priced at $780,000, please contact Christopher Lazaro, Miami Real Estate Realtor, for a precise assessment.

Are pets allowed?

As this is a single-family home, there is no condo or HOA board establishing a pet policy. The current owner's discretion, along with city ordinances and any existing lease terms, governs pets. Documented service and emotional support animals are protected under separate federal laws.

For precise verification of the current owner's policy, you should contact Christopher Lazaro, Miami Real Estate Realtor.

How is the price set and is there room to negotiate?

The price reflects a competitive market analysis for the building and vicinity. For context, Miami-Dade single-family homes have recently been closing at 95% of original list, around 41 days to contract (MIAMI REALTORS®, May 2026). This provides a regional benchmark.

To assess the specific position of this listing at $780,000, I can prepare a current comparative market analysis for Miami. This will clarify the negotiation landscape before you formulate an offer. To verify this data and proceed, contact Christopher Lazaro, Miami Real Estate Realtor.

What financing step do you recommend before touring?

I recommend securing a pre-approval from a Florida Licensed Mortgage Loan Originator before touring. This step clarifies your budget and strengthens your position when you find the right property.

Once you have that in hand, contact Christopher Lazaro, Miami Real Estate Realtor, to schedule a viewing and verify all property details directly.

Monthly Fees & Carrying Costs

  • Membership Required: No

Have a question about this Miami listing?

Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.

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

Details

Updated on June 25, 2026 at 7:49 am
  • Property ID A12029069
  • Price $780,000
  • Property Size 945 Sq Ft
  • Bedrooms 2
  • Room 0
  • Bathrooms 1.5
  • Garage 1
  • Year Built 1941
  • Type Single Family Residence
  • Property Status Active, Residential

Additional details

  • Flooring Wood
  • Bedroom Features Entry Level, Studio
  • Cooling Central Air
  • Association Type None
  • Building FEDERAL WAY AMD
  • Area Federal Way Amd
  • Annual Tax 13174
  • Association No
  • Private Pool No
  • Listing Terms All Cash, Conventional, VA Loan
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision FEDERAL WAY AMD
  • Restrictions No Restrictions
  • Parking Driveway
  • Heating None
  • Structure Type R30-No Pool/No Water, House
  • Tax Year 2025
  • Construction CBS Construction
  • Building Area 1251
  • Covered Spaces 1
  • Middle School Horace Mann
  • View None
  • Year Built Details Resale
  • High School Miami Edison
  • Pets Allowed Yes
  • Half Bathrooms 1
  • Flood Zone X
  • Patio / Porch Deck, Patio
  • New Construction No
  • Garage Spaces 1
  • Style R30-No Pool/No Water
  • Lot Size (Sq Ft) 7250
  • Membership Purchase Required No

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