$730,000 - $888,000
RENTED JUN 13, 2025

261 NW 50th St Miami, FL 33127

Little Haiti Neighborhood
2 Beds
1.5 Baths
1,445 Sq Ft
7,405 Sq Ft Lot

Last Sold December 13, 2023

Last sale price $799,000 $553 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,458/month

About This Home

As of June 2025

Nestled on a tranquil street near Miami's highly sought-after Design District, this charming home offers a blend of timeless character and modern comfort. Featuring 2 bedrooms and 1.5 baths, the residence boasts gleaming hardwood floors, a cozy faux fireplace, and an abundance of natural light that fills every corner. Step outside to a spacious, beautifully landscaped yard—perfect for relaxation or entertaining. With its unbeatable location and inviting atmosphere, this property is a true gem in the heart of Miami.

Last Agent to Rent the Property

Micael Machado

Compass Florida, LLC License #3294570 Listed on: 01/03/2025

Compass Florida, LLC

Co-Listed By

ORLANDO Alpizar

Compass Florida, LLC License #3456917

Compass Florida, LLC

Last Renter's Agent

ORLANDO Alpizar

Compass Florida, LLC License #3456917

Compass Florida, LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,901

Year Built

  • Built in 1958

Lot Details

  • 7,405

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,445 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Shadowlawn Elementary School
  • Miami Edison High School

Listing and Financial Details

  • Property Available on 1/4/25
  • 1 Year With Renewal Option Lease Term
  • Assessor Parcel Number 01-31-24-013-4621

Community Details

Overview

  • No Home Owners Association
  • Railway Shops Addn 2Nd Am Condos
  • Railway Shops Addn 2Nd Am Subdivision

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$13,901

Year Built

Built in 1958

Lot Details

0

Rental Info

  • Pets Allowed: No
  • Available Date: 2025-01-04
  • Lease Term: 1 Year With Renewal Option

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1958
  • Property Sub Type: Efficiency
  • Co List Office Mls Id: COMP06
  • Co List Office Phone: 305-851-2820
  • Entry Level: 1
  • Horses: No
  • Lease Assignable: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Apartments-Annual, Efficiency
  • Subdivision Name: RAILWAY SHOPS ADDN 2ND AM
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Furnished: Unfurnished
  • Living Area: 1445
  • Stories: 1

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: RAILWAY SHOPS ADDN 2ND AM

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Shadowlawn
  • High School: Miami Edison

Lot Info

  • Parcel Number: 01-31-24-013-4621
  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 7632
  • Zoning: 5700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Dec 11, 2023
Sold by
157 South Llc
Bought by
Pelaez Mariela and Pelaez Luis
Seller's Agent
Dija Phaire
Compass Florida, LLC
Buyer's Agent
ORLANDO Alpizar
Compass Florida, LLC
List Price
$799,000
Sold Price
$799,000
Views
91
Current Estimated Value
$817,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,401
Avg. Annual Appreciation
1.23%
Original Mortgage
$599,250
Outstanding Balance
$589,303
Interest Rate
7.5%
Mortgage Type
Construction
Estimated Equity
$228,098

Purchase Details

Closed on
Sep 28, 2017
Sold by
Kbm Holdings Llc
Bought by
157 South Llc

Purchase Details

Closed on
Nov 7, 2014
Sold by
Young Arlester
Bought by
Kbm Holdings Llc

Purchase Details

Closed on
Feb 25, 2004
Sold by
Young John C
Bought by
Cohen Loretta
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pelaez Mariela $799,000 Gables Title
157 South Llc $380,000 Clear Title Group Llc
Kbm Holdings Llc $175,000 Rte Title Company
Cohen Loretta $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pelaez Mariela $599,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/13/2025 06/13/25 Rented $2,700 0.0% --
05/16/2025 05/16/25 Under Contract -- -- --
05/05/2025 05/05/25 Price Changed $2,700 -8.5% $2 / Sq Ft
02/25/2025 02/25/25 Price Changed $2,950 -18.1% $2 / Sq Ft
01/31/2025 01/31/25 Price Changed $3,600 -16.3% $2 / Sq Ft
01/03/2025 01/03/25 For Rent $4,300 0.0% --
12/13/2023 12/13/23 Sold $799,000 0.0% $553 / Sq Ft View Prior Sale
10/31/2023 10/31/23 For Sale $799,000 0.0% $553 / Sq Ft
08/03/2016 08/03/16 Rented $2,100 0.0% --
07/19/2016 07/19/16 Under Contract -- -- --
06/28/2016 06/28/16 Price Changed $2,100 -6.7% $2 / Sq Ft
03/28/2016 03/28/16 For Rent $2,250 +21.6% --
04/09/2015 04/09/15 Rented $1,850 -11.9% --
03/10/2015 03/10/15 Under Contract -- -- --
01/02/2015 01/02/15 For Rent $2,100 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,901 $674,688 $526,608 $148,080
2024 $10,455 $655,940 $480,743 $175,197
2023 $10,455 $407,288 $0 $0
2022 $9,042 $370,262 $0 $0
2021 $8,007 $336,602 $0 $0
2020 $7,688 $336,706 $198,604 $138,102
2019 $6,961 $290,508 $152,687 $137,821
2018 $6,295 $264,237 $125,026 $139,211
2017 $4,404 $159,681 $0 $0
2016 $4,000 $145,165 $0 $0
2015 $3,694 $131,969 $0 $0
2014 $1,255 $76,723 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Micael Machado

    Landlord's Agent in 2025

    Micael Machado

    Compass Florida, LLC

    (305) 851-2820

    44 Total Sales

    Micael Machado
    Section Image
  • ORLANDO Alpizar

    Landlord's Co-Listing Agent in 2025

    ORLANDO Alpizar

    Compass Florida, LLC

    (305) 790-2646

    1 in this area

    9 Total Sales

    ORLANDO Alpizar
    Section Image
  • Dija Phaire

    Seller's Agent in 2023

    Dija Phaire

    Compass Florida, LLC

    (305) 903-3111

    1 in this area

    24 Total Sales

    Dija Phaire
    Section Image
  • Ernesto Seda

    Seller's Agent in 2016

    Ernesto Seda

    Eastside R.E. Investments LLC

    (305) 384-8563

    4 Total Sales

    Ernesto Seda
    Section Image

  • M

    Buyer's Agent in 2016

    Meryl Hersh

    MMLS Assoc.-Inactive Member

    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11717375

MIAMI REALTORS® MLS

APN: 01-3124-013-4621

Florida Miami/Dade County Miami 33127 Little Haiti

261 NW 50th St, Miami, FL

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