321 NW 37th St Miami, FL 33127
Miami Design District NeighborhoodEstimated payment $4,800/month
Total Views
170,350
0.13
Acre
$5,303,030
Price per Acre
5,750
Sq Ft Lot
Highlights
- Very Popular Property
- No HOA
- Interior Lot
- Partially Wooded Lot
About This Lot
$700K FIRM!!! Attn Developers, Archs, Bldrs. Investors. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Av. Nr Design District Midtown & Downtown. Build up to 6 story Mixed Use Comm/Resi bldg., maybe more w/entitlements. Density 150 units/ac. 80% lot coverage footprint approx. 4,600 SF. less Lessor created easement for BB Co to operate in NE cor. w/min setbacks. BB faces I-195 & SR-112. Buyer(s) assumes 99-yr Grd Lease @ closing. Rent = 18% BB revenue sharing, Lessee pays ST, utils, $2M prop & liab policy, Lessor is co-insured. Lessor pays RE Tax. In 2024 NOI $30,516 shows 4.36% Return on Investment (ROI) Cash on Cash $700K (no leverage). Valu is the lot. The BB revenue is a plus. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence. Call now w/questions.
Property Details
Property Type
- Land
Est. Annual Taxes
- $10,715
Lot Details
- 5,750 Sq Ft Lot
- Lot Dimensions are 50x115
- Interior Lot
- Cleared Lot
- Partially Wooded Lot
- Property is zoned 6100
Location
- City Lot
Listing and Financial Details
- Assessor Parcel Number 01-31-24-002-1350
Community Details
Overview
- No Home Owners Association
- Bay Vista Park Condos
- Bay Vista Park Subdivision
Building Details
- New Taxes Expense $10,715
- Operating Expense $10,715
- Gross Income $41,231
- Net Operating Income $30,516
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,456 | $506,000 | -- | -- |
| 2023 | $9,456 | $460,000 | $460,000 | $0 |
| 2022 | $8,354 | $379,500 | $0 | $0 |
| 2021 | $7,330 | $345,000 | $345,000 | $0 |
| 2020 | $7,348 | $345,000 | $345,000 | $0 |
| 2019 | $7,621 | $402,500 | $402,500 | $0 |
| 2018 | $7,221 | $431,250 | $431,250 | $0 |
| 2017 | $6,286 | $225,000 | $0 | $0 |
| 2016 | $7,778 | $286,710 | $0 | $0 |
| 2015 | $5,523 | $161,513 | $0 | $0 |
| 2014 | $5,102 | $146,830 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | Price Changed | $700,000 | 0.0% | -- |
| 03/20/2025 03/20/25 | Price Changed | $700,000 | -3.4% | -- |
| 02/27/2025 02/27/25 | Price Changed | $725,000 | -90.0% | -- |
| 02/12/2025 02/12/25 | For Sale | $7,250,000 | +900.0% | -- |
| 02/12/2025 02/12/25 | For Sale | $725,000 | -- | -- |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed In Lieu Of Foreclosure | $62,385 | Attorney | |
| Quit Claim Deed | $60,000 | -- | |
| Warranty Deed | $68,000 | -- |
Source: Public Records
About the Listing Agent
In my 41+ yr. career I've Listed, Sold & Closed over 1,200 properties, both Commercial & Residential. From land and lots, to homes, townhomes and condos, to multi-family, acreage & warehouses, that's me. The internet doesn't go back as far as I do to log it all.
Born and raised in Kingston, Jamaica W.I., Steve relocated to Miami in 1979. April 1980 Steve got his Real Estate Salesman license. In 1988 he earned his Broker's license. Having navigated numerous real estate cycles, Steve brings a
Steven C's Other Listings
Source: MIAMI REALTORS® MLS
MLS Number: A11745602
APN: 01-3124-002-1350
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