8461 SW 38th Street, Miami, FL 33155

4 bed · 3 bath · 1,613 sqft · Built 1955

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.

Property type

SingleFamilyResidence

Condition

Resale

Year built

1955

Stories

1

Roof

Other

Subdivision

TROPICAL HIGHLANDS 3RD AD

Waterfront

No

Private pool

Yes

Parcel number

3040150070110

Annual tax

$16,983