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Single Family Residence
$999,000$200 / sqft
755 NE 97TH Street, Miami Shores FL 33138
Listed
5
Bedrooms
5,000 sqft
Interior
1978
Year built
None
HOA
Single Family Residence
Type
About this home
PRICED TO SELL/RARE MIAMI SHORES DEVELOPMENT OPPORTUNITY. Positioned on an expansive 10,967 SF corner lot, 755 NE 97th Street presents a compelling opportunity to create a substantial new-construction residence in one of Miami Shores' most desirable residential communities. Plans by Daniel Reynolds are in place for an approximately 5,000 SF luxury home featuring 5 bedrooms, 4.5 bathrooms and a private pool. The generous corner lot provides an exceptional canvas for a modern estate-style residence with expansive indoor/outdoor living. An ideal opportunity for a developer, builder, or discerning buyer looking to bring a custom Miami Shores residence to life. Walk to the Miami Shores Country Club and water park. Plans were approved but must be resubmitted to the city Across from the Miami Shores Community Center with pro-tennis courts, expansive multi-sport athletic fields and youth sports programs. All slated to under-go a 78-million-dollar overhaul.
Features
- No Interior Features
- Family Room
- Florida Room
- Workshop
- Garden
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
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 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $5,000–$20,000.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.