722 / 724 NW 53rd St, Miami FL 33127
About this home
Prime Miami development opportunity in one of the city’s most dynamic growth corridors. Located at 722/724 NW 53rd Street, this rare 11,520-square-foot property features two detached units and offers exceptional flexibility for investors, builders, or end users looking to create long-term value. Zoned T3-L, the site provides a strong foundation for future redevelopment, expansion, or repositioning, subject to buyer due diligence and local approvals. With an oversized lot, existing structures, and a central Miami location, this property is a blank canvas for a visionary buyer seeking upside in a rapidly evolving area. Ideally positioned with convenient access to the Miami Design District, Wynwood, Little River, Midtown, Downtown Miami, and the beaches, the property sits near some of Miami’s most active cultural, residential, and commercial destinations. Whether your goal is redevelopment, income potential, or land banking in a high-demand market, 722/724 NW 53rd Street delivers location, lot size, and opportunity. Bring your vision and unlock the possibilities in the heart of Miami.
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
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $4,298
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.