550 NE 127th St, North Miami FL 33161 | Miami-Dade County

550 NE 127th St, North Miami FL 33161 | Miami-Dade County | A11963878

$1,999,000

Description

Rare shovel-ready 16-unit multifamily development opportunity in North Miami. Fully approved plans and zoning in place. 17,384 total buildable SF across 16 units (8 2/1s, 6 3/2s, 2 4/3s). Strong rental comps averaging ~$2.85/SF. Ideal for long-term hold investor, family office, or builder seeking reduced entitlement risk. All approvals complete — ready for immediate vertical construction. Offering includes land and approved plans.

Property Overview

This is a -bedroom, -bath home of about square feet at 550 NE 127th St, North Miami FL 33161 (North Miami 33161), listed at $1,999,000.

Monthly Costs, Stated Plainly

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

The tax of record is $12,359 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $39,980/yr (≈ $3,332/mo); with the homestead exemption on a primary residence, about $38,980/yr (≈ $3,248/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 for 550 NE 127th St is $1,999,000. While the MLS does not specify the furnished status, fixtures and built-in appliances generally convey with the home — though we’ll confirm specifics like lighting, shelving, or high-end kitchen integrations during due diligence. Community amenities (if any) would be shared through the HOA and not part of the home’s conveyance. For precise details on what’s included or to discuss this North Miami property further, contact Christopher Lazaro, your local real estate advisor, for verified clarity.

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

550 NE 127th St is situated in North Miami, FL 33161, a vibrant coastal corridor just minutes from the Atlantic shoreline. This prime location offers easy access to major highways, top-rated schools, and Biscayne Boulevard’s dining and retail hubs, blending convenience with coastal charm.

For the latest insights on this $1,999,000 property or to schedule a private tour, contact Christopher Lazaro, North Miami Real Estate Advisor, directly for verified details tailored to your needs.

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

This single-family home at 550 NE 127th St has no mandatory HOA—no association fees or shared amenities. As an owner-maintained property, you'll manage utilities, landscaping, and exterior upkeep directly, offering full autonomy. Note that North Miami city ordinances still apply; review regulations like noise or fencing at North Miami's municipal code. For precise details on local requirements or comparable listings, contact Christopher Lazaro, North Miami Real Estate Advisor, for personalized guidance.

What are the property taxes and homestead implications?

The current tax of record for 550 NE 127th St is $12,359 (2025), but Florida reassesses taxes at sale. As an estimate only, at the $1,999,000 list price and Miami-Dade’s approximate 2.0% rate: without homestead, expect around $39,980/yr (≈ $3,332/mo); with Florida’s homestead exemption — which reduces taxable value for primary residences only — roughly $38,980/yr (≈ $3,248/mo). These are estimates, not guarantees. For precise figures, consult the Miami-Dade Property Appraiser and a tax specialist, then connect with Christopher Lazaro, North Miami Real Estate Advisor, to discuss your specific scenario.

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

550 NE 127th St is in a FEMA-designated flood zone, which indicates its risk level for flooding during storms or heavy rainfall. Flood zones like AE or VE (high-risk) often require flood insurance for mortgages, while lower-risk zones (X) may not. FEMA defines flood zones here, and you can view the FEMA flood map for this address to confirm specifics. For precise guidance on insurance requirements or property risks, contact Christopher Lazaro, North Miami Real Estate Advisor, to discuss protections for your investment.

Are pets allowed?

As a single-family home at 550 NE 127th St, North Miami, this property has no condo or HOA restrictions—pet approval rests solely with the owner, in compliance with local ordinances and any active lease terms. Documented service animals and emotional support animals (ESAs) are protected under federal law. For clarity on current arrangements, contact Christopher Lazaro, North Miami Real Estate Advisor, to confirm specifics before proceeding.

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

The $1,999,000 list price reflects a tailored CMA accounting for North Miami’s unique demand and 550 NE 127th St’s features. Miami-Dade’s broader market shows single-family homes closing at 95% of original list (averaging 41 days to contract per MIAMI REALTORS® May 2026 data), but your negotiation leverage hinges on a hyperlocal CMA—I’ll provide North Miami’s latest comps before you strategize. For precise guidance, connect directly with Christopher Lazaro, North Miami Real Estate Advisor, to verify current dynamics.

What financing step do you recommend before touring?

Before touring 550 NE 127th St, I strongly recommend securing a pre-approval from a Florida Licensed Mortgage Loan Officer. This clarifies your budget and strengthens your position in North Miami’s competitive market, especially for a home listed at $1,999,000. Once pre-approved, reach out to Christopher Lazaro, your North Miami Real Estate Advisor, to verify the next steps—he’ll ensure you’re fully prepared to move forward with confidence.