Single Family Residence
473 NE 61st St
473 NE 61st St, Miami FL 33137
$799,000
5 Beds · 2 Baths · 1,520 SqFt
See estimated monthly costThis listing is courtesy of Douglas Elliman. Fernando Rodriguez
Overview
CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.
Facts & features
Interior
- Living area (sq ft)
- 1,520
- Full bathrooms
- 2
- First Floor Entry
- Pantry
- Other
Building & exterior
- Year built
- 1925
- Lot size (sq ft)
- 4,992
- Garden
- None
- Additional Spaces Available
- Driveway
HOA (homeowners association)
- Pets allowed
- Yes
- No Restrictions
- Ok To Lease
Taxes
- Annual tax
- $10,275
- Tax year
- 2025
- Parcel number
- 01-32-18-030-0220
Assigned schools
- Middle
- Horace Mann
- High
- Miami Edison
Listing
- MLS number
- A12082857
- Property type
- Single Family Residence
- Price per SqFt
- $526
- Subdivision
- LEMON CITY WHITES
- On market since
- Sep 3, 2026
- Days on market
- 0
Estimated monthly cost
$5,496 per month
- Principal & interest (30 yr)
- $4,040
- Property tax
- $856
- Insurance (estimated)
- $599
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- The Cushman School
- Morningside K-8 Center
- Toussaint L''ouverture Elementary
- Morningside Montessori School
- iTech@Thomas A. Edison Education Center
- MDCPS Police Center
- Tangerine Learning Center
- Stars Learning III
- Stars Learning Center
- Yvonne Learning Center (YLC)
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