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Single Family Residence
$1,500,000$554 / sqft
500 SW 39th Ct, Miami FL 33134
Listed
3
Bedrooms
2
Bathrooms
2,709 sqft
Interior
1952
Year built
None
HOA
Single Family Residence
Type
About this home
Rare oversized 21,479 SF lot near Coral Gables in a well-established neighborhood with great schools. Existing 3BR/2BA ranch home (2,709 SF living) offers flexibility: live in it as-is, rent it, or plan new construction where nearby new homes sell for $1.8M and up. Possible to build on multiple lots subject to City of Miami approval (buyer to verify). Flood Zone X. Motivated seller, priced to move. Ideal for builders, developers, investors or end-users seeking land value and location.
Features
- First Floor Entry
- Family Room
- Florida Room
- Garage Converted
- Room For Pool
- Tennis Court(s)
- Other
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$7,585
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,200–$5,000.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.