4250 Biscayne Blvd #1502
- Miami, FL 33137
- $1,050,000
- 3 Bed(s)
- 2 Baths
- 1,626 Sqft.
Basic Information
- MLS # A11961470
- Type Duplex / Quad Plex / Triplex
- Status
- Subdivision/Complex Lemon City Whites
- Year Built 1925
- Total Sqft 1,520
- Date Listed 02/08/2026
- Days on Market 10
Description
Located at 473 NE 61st St, this 5-bedroom, 2-bathroom property is strategically positioned in the heart of one of Miami's most aggressive development frontiers. This submarket, bridging the Upper East Side and the Little River/Magic City Innovation District, is currently seeing a massive influx of capital, with new mixed-use projects and commercial revitalization driving a sharp upward trend in land values. For an investor, this means the asset is not just an income-producer, but a prime candidate for significant long-term capital appreciation. The property currently operates as a high-performing Airbnb, generating a proven Net Operating Income (NOI) of $66,268.00. Configured as a spacious single-family residence to maximize average daily rates (ADR) and guest capacity, the property also retains its status as a legal duplex. With T4-R zoning, the investor has the built-in flexibility to either maintain the high-yield short-term rental model or convert the asset back into a multi-unit configuration to capitalize on the area's soaring long-term rental demand. The 4,992 sq. ft. lot and upgraded amenities, including a private hot tub, provide a turnkey, stabilized vehicle in a neighborhood rapidly transitioning into a premier urban destination.
Exterior Features
- Waterfront No
- Pool Yes
- Parking Spaces 0
- Parking Description
Interior Features
- Adjusted Sqft 1,520
- Sqft 1,520
Property Features
- Aprox. Lot Size 1,520
- Furnished Info No
- Lot Description Less Than Quarter Acre
- Short Sale Regular Sale
- HOA Fees N/A
- Subdivision Complex
- Subdivision Info Lemon City Whites
- Tax Amount $10,172
- Tax Year 2025
473 NE 61st St
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Fausto Commercial Realty Consultants Inc. tel: 305-431-2258
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