5510 NW 1st Ave, Miami FL 33127

For sale Days on market 36

A.F. MERRITT [ Single Family Residence ]

$869,000

$738/sq ft

$226,000
Price Decreased

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Overview

Bedroom

Bath

Year Built

1948

Garage

Sqft

1178

Property Type

Single Family Residence

Property Description

Secure a premier footprint in the Buena Vista corridor with this high-elevation, T4-R zoned investment at 5510 NW 1st Ave. Situated on an oversized 7,650 SF corner lot, this is a sophisticated "covered land play" for Miami’s 2026 growth cycle. THE RESIDENCE: A TROPICAL SANCTUARY Fully transformed into a light-filled Wabi Sabi retreat, this home is offered fully furnished and move-in ready; curated designer furnishings are negotiable. Design: Vaulted ceilings in all rooms and 3 full bathrooms in custom, hand-applied Microcement. Security: New oversized hurricane-impact windows and sliding doors throughout. Outdoor Oasis: Designer outdoor shower among mature mango, almond, and avocado trees. A resident blue jay family adds to the charm. Privacy: Rare corner lot with two separate driveways/entrances and a new 6’ fence/gate (currently in permitting). FUTURE DEVELOPMENT UPSIDE Build to 3 Stories: T4-R zoning allows for a 6-unit, three-story project. Apartment Hotel: Utilize Miami’s new "Apartment Hotel" designation for high-turnover rentals. High Yield: Local rental demand is 39% higher than national averages, providing a high-alpha carry while you permit. LOCATION ADVANTAGE Minutes from the Design District and the $3B Little River District, offering world-class connectivity to Miami’s tech and creative hubs. Seller Financing

Property Details

MLS#

A11939772

Garage

Building

A.F. MERRITT

Address

5510 1st Ave NW

City

Miami

State/county

Zip/Postal Code

33127

Area

A.f. Merritt

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$10,623

Maint Fee

$--

Tax Year

2024

Dryer

Microwave

Refrigerator

Washer

Garden

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