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Single Family Residence
$860,000$400 / sqft
524 NE 71st St, Miami FL 33138
Listed
4
Bedrooms
2
Bathrooms
2,150 sqft
Interior
1944
Year built
None
HOA
Single Family Residence
Type
About this home
Create your dream home in Miami’s sought-after Upper Eastside! Located in Baywood, just east of Biscayne Boulevard, this two-story property offers the opportunity to complete a spacious single-family residence tailored to your vision. Currently configured as a duplex, the property has an open permit for conversion to a single-family home, with renovations underway and awaiting completion by its next owner. Featuring approximately 2,150 SF on a 5,100 SF lot, it offers room to bring your personal style to life through thoughtfully selected finishes and details. Reimagine the backyard as a private outdoor retreat, with potential for a future pool, subject to space requirements and municipal approvals. Enjoy proximity to the MiMo District’s dining and cafés, waterfront Legion Park, and convenient access to the Miami Design District, Midtown and Wynwood. Bring your vision and complete the transformation into your own Miami retreat. Property offered in its current unfinished condition; conversion remains subject to completion and final inspections.
Features
- First Floor Entry
- Other
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$4,349
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 4-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,800–$9,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.