NOT LISTED FOR SALE

27 NW 39th St Miami, FL 33127

Miami Design District Neighborhood

Estimated Value: $1,698,494

0.11 Acre
$15,440,855 Price per Acre
5,000 Sq Ft Lot

Last Sold September 12, 2022

Last sale price $1,300,000 $1,130 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $10,635/month

141 Days on Market

About This Lot

As of September 2022

27 NW 39th St rests on the corner of the Design District & offers a developer a chance to build a
strategically located infill development at a discount of Design District prices. Allowable uses are restaurant, office, and/or four-plex development. Located directly adjacent to Harry’s Pizzeria, 27 NW 39th St shares a property line with the Design District’s majority owner, Dacra Development - making it a strong bet for future appreciation.
The building is located adjacent to the Design District’s Special Area Plan Zoning Overlay which allows
for increased lot coverage ratio among other advantages over Miami 21 zoning. Owner could potentially
apply to be added to the overlay. There is also $1200/month of short-term income in place to help cover
costs.

Last Agent to Sell the Property

Alexandros Tsoulfas

STL Advisors, LLC License #3444839 Listed on: 02/16/2022

Last Buyer's Agent

Alexandros Tsoulfas

STL Advisors, LLC License #3444839 Listed on: 02/16/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,043

Lot Details

  • 5,000 Sq Ft Lot
  • Property is zoned T4-L

Additional Features

  • City Lot
  • Sewer Not Available

Community Details

  • No Home Owners Association
  • Princess Park Condos
  • Princess Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-24-021-0560

Property Details

Property Type

Land

Est. Annual Taxes

$10,043

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Horses: No
  • Lot Size Acres: 0.11
  • New Construction: No
  • Road Frontage Type: City/County Maintained
  • Subdivision Name: PRINCESS PARK
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Unknown/Withheld, Urban Commercial

Exterior Features

  • Lot Features: City Location, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: PRINCESS PARK

Utilities

  • Sewer: None
  • Water Source: Other
  • Utilities: No Utilities, None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-24-021-0560
  • Current Use: Other Usage, Other Style
  • Lot Size Sq Ft: 5000
  • Zoning: T4-L
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 10043

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
Sep 12, 2022
Sold by
Esj Design 27 Llc
Bought by
Mdda Acquisitions Llc
Seller's Agent
Alexandros Tsoulfas
STL Advisors, LLC
Buyer's Agent
Alexandros Tsoulfas
STL Advisors, LLC
List Price
$1,300,000
Sold Price
$1,300,000
Views
3
Current Estimated Value
$1,698,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,494
Avg. Annual Appreciation
8.92%

Purchase Details

Closed on
Aug 15, 2012
Sold by
Esj Design District Llc
Bought by
Esj Esign 27 Llc

Purchase Details

Closed on
Jul 16, 2012
Sold by
Ventisette Trentanove Llc
Bought by
Esj Design District Llc

Purchase Details

Closed on
May 12, 2011
Sold by
Smith Jacqueline and Smith Warnell
Bought by
Ventisette Trentanove Llc
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
Mdda Acquisitions Llc $1,300,000 First American Title
Esj Esign 27 Llc -- Attorney
Esj Design District Llc $500,000 Attorney
Ventisette Trentanove Llc $150,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2022 09/12/22 Sold $1,300,000 0.0% $1,130 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $1,300,000 -- $1,130 / Sq Ft
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 $20,413 $1,000,000 $1,000,000 --
2024 $20,936 $1,000,000 $1,000,000 --
2023 $20,936 $1,000,000 $1,000,000 $0
2022 $10,670 $440,000 $0 $0
2021 $8,879 $432,575 $0 $0
2020 $9,517 $500,000 $500,000 $0
2019 $9,387 $550,000 $550,000 $0
2018 $11,900 $550,000 $550,000 $0
2017 $11,782 $532,400 $0 $0
2016 $11,061 $484,000 $0 $0
2015 $10,620 $440,000 $0 $0
2014 $9,451 $400,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Alexandros Tsoulfas

    Seller's Agent in 2022

    Alexandros Tsoulfas

    STL Advisors, LLC

    (305) 972-7217

    1 in this area

    16 Total Sales

    Alexandros Tsoulfas
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11161530

MIAMI REALTORS® MLS

APN: 01-3124-021-0560

Florida Miami/Dade County Miami 33127 Miami Design District

27 NW 39th St, Miami, FL

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