321 NW 37th St Miami, FL 33127
Miami Design District NeighborhoodEstimated payment $4,564/month
Total Views
529,044
0.13
Acre
$5,303,030
Price per Acre
5,750
Sq Ft Lot
Highlights
- Partially Wooded Lot
- No HOA
- Interior Lot
About This Lot
The property may go to auction soon. If you're interested, act now before multi-bidding. $700K FIRM Nr Design District, Midtown, Civic Ctr & Downtown. Attn Developers, Archs, Bldrs. Investors. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Ave. Build up to 6 story Mixed Use Comm/Resi maybe more w/entitlements. Density 150 units/ac. Lot coverage footprint approx. 4,600 SF. There is ingress & egress for the BB Co to operate their billboard. Long-term ground lease, 89 yrs approx. remaining. Lessee pays ST, utils, $2M prop & liab policy, Lessor is co-insured. Lessor pays RE Tax. Value is the Buildable Lot; the BB revenue is ongoing while developing, and through lease end approx. 09-30-2114. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence.
Property Details
Property Type
- Land
Est. Annual Taxes
- $10,715
Lot Details
- 5,750 Sq Ft Lot
- Lot Dimensions are 50x115
- Interior Lot
- Cleared Lot
- Partially Wooded Lot
- Property is zoned 6100
Location
- City Lot
Listing and Financial Details
- Assessor Parcel Number 01-31-24-002-1350
Community Details
Overview
- No Home Owners Association
- Bay Vista Park Condos
- Bay Vista Park Subdivision
Building Details
- New Taxes Expense $10,715
- Operating Expense $10,715
- Gross Income $41,231
- Net Operating Income $30,516
Map
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Home Values in the Area
Average Home Value in this Area
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 | $11,162 | $556,600 | -- | -- |
| 2024 | $9,456 | $506,000 | -- | -- |
| 2023 | $9,456 | $460,000 | $460,000 | $0 |
| 2022 | $8,354 | $379,500 | $0 | $0 |
| 2021 | $7,330 | $345,000 | $345,000 | $0 |
| 2020 | $7,348 | $345,000 | $345,000 | $0 |
| 2019 | $7,621 | $402,500 | $402,500 | $0 |
| 2018 | $7,221 | $431,250 | $431,250 | $0 |
| 2017 | $6,286 | $225,000 | $0 | $0 |
| 2016 | $7,778 | $286,710 | $0 | $0 |
| 2015 | $5,523 | $161,513 | $0 | $0 |
| 2014 | $5,102 | $146,830 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | Price Changed | $700,000 | 0.0% | -- |
| 03/20/2025 03/20/25 | Price Changed | $700,000 | -3.4% | -- |
| 02/27/2025 02/27/25 | Price Changed | $725,000 | -90.0% | -- |
| 02/12/2025 02/12/25 | For Sale | $7,250,000 | +900.0% | -- |
| 02/12/2025 02/12/25 | For Sale | $725,000 | -- | -- |
Source: MIAMI REALTORS® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed In Lieu Of Foreclosure | $62,385 | Attorney | |
| Quit Claim Deed | $60,000 | -- | |
| Warranty Deed | $68,000 | -- |
Source: Public Records
About the Listing Agent
A 42+ yr. full-time Broker-Realtor, Steve has Listed, Sold & Closed over 1,260 Commercial & Residential properties, including land, lots, warehouses, multi-family investments, homes, townhomes and condos. REO & Short Sale experienced Steve brings a multitude of skills to the table. Born and raised in Kingston, Jamaica, Steve settled in Miami in 1979. By April 1980 he got his Real Estate Salesman license. In 1988 he earned his Broker's license. Having worked through several real estate cycles,
Steven's Other Listings
Source: MIAMI REALTORS® MLS
MLS Number: A11745602
APN: 01-3124-002-1350
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