Description

512 SW 21st Ave offers a rare dual-use opportunity in Little Havana: renovate the existing single-family home plus detached efficiency, or redevelop the 10,000 SF corner lot under Miami 21 to build 8 units. The main 2-story 1926 home needs interior updates, allowing a value-add investor or homeowner to create significant equity. The second structure functions as an efficiency with its own bathroom—ideal for rental income or guest use. Developers can build 8 units by right under T4-R. The lot’s 100′ x 100′ layout allows excellent design flexibility for townhomes or boutique multifamily. Investors can renovate both buildings for dual income while holding the land for future development. With strong rental demand and proximity to Brickell, Coral Gables, and the Civic Center, this property offers versatility, appreciation potential, and long-term value in one of Miami’s most resilient neighborhoods.

Address

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Address: 21st Ave
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33135
Area: WEST SHENANDOAH A RESUB

Details

Updated on April 3, 2026 at 3:22 am

Property ID A11929976
Price $875,000
Land Area 0.2296 Square Feet
Type Residential
Property Status Land/Boat Docks

Additional details

BuildingAreaUnits Square Feet
BuildingName WEST SHENANDOAH A RESUB
ContractStatusChangeDate 2025-12-12
CurrentUse Multi-Family, Check Land Use Plan
DaysOnMarket 111
DevelopmentStatus Other
DirectionFaces East
ExpirationDate 2026-06-08
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-297-3557
ListingTerms All Cash, Conventional
LotFeatures Sidewalk, Street Lights
LotSizeSquareFeet 10000
MLSAreaMajor West Shenandoah A Resub
MajorChangeTimestamp April 2, 2026 at 02:24pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 2, 2026 at 02:24pm
OnMarketDate 2025-12-12
OriginalEntryTimestamp December 12, 2025 at 08:45pm
OriginalListPrice 950000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
OtherStructures Livable
ParcelNumber 01-41-03-019-0010
PhotosChangeTimestamp February 11, 2026 at 04:30pm
PhotosCount 28
PostalCodePlus4 3220
PreviousListPrice 900000
PriceChangeTimestamp April 2, 2026 at 02:24pm
PublicSurveyRange 41
PublicSurveySection 3
PublicSurveyTownship 41
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 424264013
StateOrProvince FL
StatusChangeTimestamp December 12, 2025 at 08:45pm
StreetDirPrefix SW
StreetName 21st Ave
StreetNumber 512
StreetNumberNumeric 512
StructureType Residential
SyndicationRemarks 512 SW 21st Ave offers a rare dual-use opportunity in Little Havana: renovate the existing single-family home plus detached efficiency, or redevelop the 10, 000 SF corner lot under Miami 21 to build 8 units. The main 2-story 1926 home needs interior updates, allowing a value-add investor or homeowner to create significant equity. The second structure functions as an efficiency with its own bathroom—ideal for rental income or guest use. Developers can build 8 units by right under T4-R. The lot’s 100' x 100' layout allows excellent design flexibility for townhomes or boutique multifamily. Investors can renovate both buildings for dual income while holding the land for future development. With strong rental demand and proximity to Brickell, Coral Gables, and the Civic Center, this property offers versatility, appreciation potential, and long-term value in one of Miami’s most resilient neighborhoods.
TaxAnnualAmount 3892
TaxLegalDescription 3 54 41 WEST SHENANDOAH A RESUB PB 15-30 LOT 1 & 2 LOT SIZE 10000 SQUARE FEET OR 15987-1412 0793 1
TaxYear 2025
Vegetation Avocado
Zoning 3900