8461 SW 38th St, Miami FL 33155

Miami, FL, 33155

$874,000

Property facts

Status
Active
Price
$874,000
Bedrooms
4
Bathrooms
3
Living area
1,613 sqft
Lot size
15,750 sqft
Year built
1955
Type
Single Family Residence
Days on market
33
On market
February 25, 2026
MLS #
A11971688

About this single family residence

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.

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Listing courtesy of RE/MAX Advance Realty II, 305-251-2127. Listing information courtesy of the MIAMI Association of REALTORS® IDX feed. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS's IDX Program. This information is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.