Active

555 NE 127th Street

North Miami, FL 33161

$1,175,000 $4,953/Mo

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Description

Exceptional development opportunity in the heart of North Miami’s P3 redevelopment zone. Conditional change of use to allow a 3-story boutique residential building has been approved. Plans envision up to 12 units with 25 parking spaces, perfectly aligned with the city’s master redevelopment vision. Just steps from NE 125th St and the future transit corridor, this site is ideally positioned in one of Miami’s fastest-growing areas. Located just steps from NE 125th Street and the future Northeast Corridor rapid transit line, the site is surrounded by major public and private investment, new multifamily projects, and significant infrastructure upgrades.

Property Details

Property Type : ResidentialIncome

Price : $1,175,000

AD Id : 67897843

MLS Id : A11898183

Living Area Size : 2,018

Year Built : 1948

County : Miami-Dade

Subdivision: Griffing Biscayne Park

Map

What's Nearby

Nearby Areas

Features

Interior Features

Roof: Barrel
Heating & Cooling

Heating: None Has Cooling: Yes Cooling: CentralAir

Building Information

Year Built: 1948

Building Area Total: 2120

Construction Materials: Block

Private Pool: No

Listing Price Information

Listing Price: $1175000

Cash, Conventional

Tax Information

Parcel Number: 0000000000300 Tax Year: 2024 Annual Tax: $13988 Tax Legal Desc: GRIFFING BISCAYNE PK EST PB 5-104 LOT 32 BLK 2 LOT SIZE 75.000 X 229 OR 21316-4081 04 2003 4

Parking Information

Parking Total: 2

School Information

Elementary School: Arch Creek Junior High School: North Miami Senior High School: North Miami
Utility Information

CableAvailable
Location Information

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Residentialincome, North Miami, FL, 33161	$640,000	4	2	1,712	1,712 SqFt
Residentialincome, North Miami, FL, 33161	$519,900	4	2	1,426	1,426 SqFt
460 NE 132nd St, North Miami, FL, 33161	$650,000	4	3	1,727	1,727 SqFt
551-553 NE 133rd St, North Miami, FL, 33161	$675,000	--	--	2,000	2,000 SqFt
340 NE 125th St, North Miami, FL, 33161	$1,550,000	3	5	3,289	3,289 SqFt
14155 NE 14th Ave, North Miami, FL, 33161	$675,000	6	3	2,304	2,304 SqFt
845 NE 121st Street, North Miami, FL, 33161	$1,000,000	5	2	1,942	1,942 SqFt
525 NE 132nd Terrace, North Miami, FL, 33161	$705,000	2	1	2,168	2,168 SqFt

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Nearby For Sale

$640,000

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$719,250

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ByOwner last updated this listing 06/11/2026 @ 14:33

MLS: A11898183 LISTED BY: Omar Garban, Douglas Elliman 305-695-6300 SOURCE: Beaches MLS