Features & Amenities

Interior

  • Other Interior Features

    Pantry, Master Downstairs

  • Total Bedrooms

    5

  • Bathrooms

    2

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    Cats OK, Dogs OK, Yes

Exterior

  • Garage

    No

  • Construction Materials

    Frame, Stucco

  • Other Exterior Features

    None

  • Parking

    Driveway

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Garden

Area & Lot

  • Lot Size(square feet)

    4,992

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    OneStory

Price

  • Sales Price

    $799,000

  • Tax Amount

    $10,275

  • Zoning

    3900

  • Sq. Footage

    1,520

  • Price/SqFt

    $525

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    Horace Mann

  • High School

    Miami Edison

Property Features

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Miami-Dade

Elementary School

Middle School

Horace Mann

High School

Miami Edison

Listing Courtesy of Fernando Rodriguez, Douglas Elliman

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Agent Jarrod Gaylis

Realtor

Jarrod Gaylis

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CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.

473 NE 61st St

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