8461 SW 38th St, Miami, FL  33155 8461 SW 38th St, Miami, FL  33155

Price: $874,000
MLS Number: A11971688
 Single Family
8461 SW 38th St, Miami, Florida 33155 USA
 Beds: 4
 
 Baths: 3
 
 Living Area: 1,613
 Lot Square Feet: 15,750
 
 HOA Fees: 
 
 Year Built: 1955
 Community: TROPICAL HIGHLANDS 3RD AD
 
 Subdivision: TROPICAL HIGHLANDS 3RD AD
 Elementary School: Banyan
 
 Junior High: Rockway
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About this Property
Exceptional redevelopment opportunity in a rapidly appreciating area with strong upside potential. This is a triple option opportunity. Renovate the current structure which has an in-law quarter, use the current structure & plans to add a second story or rebuild completely. The choices are endless. The true value is this property is set on a sprawling 15,750 SQFT lot which is one of the largest in the entire area. This property delivers the size, scale, and positioning developers seek for a high-end build. A detailed front elevation rendering and thoughtfully designed interior concept images illustrate the vision and finished product of what the current owners had in mind. Opportunities with plans in place, significant lot size, and strong after-build comps are increasingly rare. If you're searching for your investment or a place to call home in this desirable area, this is one not to miss. Recent comparable sales in the immediate area underscore the substantial profit potential and attractive margins available with this project.

About the Area

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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of RE/MAX Advance Realty.
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