tomo logo

$3,000,000

Beds
4
Baths
3.5
sq ft
2,687

120 NE 25th St, Miami, FL 33137

120 NE 25th St

Miami, FL 33137

  • 79 days on market
    • Price drop $500,000↓
The best of both worlds - a premier development opportunity in the epicenter of Miami's best areas, perfect for immediate development or an investor to occupy or carry via tenancy. This 7,668 ft lot has T-6-O zoning with a further density upside via TOD zone and Live Local variances, and will one day certainly be home to a tower or high density site. The price per foot on this street is set to skyrocket, with Miami's prestigious new Soho House location just over 100 ft away on this low-traffic cul-de-sac. The entire block has been recently approved by city council for up-zoning. Buy to build or buy to hold, as it is currently home to a luxury 3-bedrooms and 2.5 luxurious baths main house and 1/1 guest house. Don’t miss this chance to lock in your piece of the future Miami skyline!

Details

Property type

Single Family Residence

Est. home value

$2,068,309

Lot size

7,025 sq ft

Price per sq ft

$1,117

Year built

1920

Annual property taxes

$31,829

Price History

11/20/2024
SEF

SEF #A11667451

Price change
$3,000,000
-14.29%
10/04/2024
SEF

SEF #A11667451

Listed
$3,500,000

Schools & Community

Neighborhood: 

Wynwood - Edgewater

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Casa Lobo Investmentss Inc

Loan start date

June 2022

Original loan amount

$1,488,000

Est. remaining balance

Not provided

Interest rate

5.1%

Loan type

Balloon

Seller

Eleve Group Inc

Lender

Casa Lobo Investmentss Inc

Loan start date

June 2022

Original loan amount

$1,488,000

Est. remaining balance

Not provided

Interest rate

5.1%

Loan type

Balloon

Seller

Eleve Group Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

SEF
$2,553,000
4 bd
|
3 ba
|
2,254 sq ft
|
House

314 NE 26th Ter, Miami, FL 33137

Price drop
SEF
$3,250,000
4 bd
|
4.5 ba
|
2,743 sq ft
|
Condo

788 NE 23rd St Unit 2202, Miami, FL 33137

SEF
$3,199,000
4 bd
|
4.5 ba
|
2,368 sq ft
|
Condo

700 NE 26th Ter Unit 3401, Miami, FL 33137

Status: Active

Tomo last checked: 12/22/2024 at 3:35 PM

Listing updated: 11/20/2024 at 10:45 AM

Listed by: Reid Heidenry, One Sotheby's International Re Phone #: (305) 538-9711

MLS: SEF #A11667451

SEF logo

Recently listed in Miami