512 SW 21st Ave Miami, FL 33135
Little Havana NeighborhoodEstimated payment $5,317/month
About This Lot
512 SW 21st Ave offers a rare dual-use opportunity in Little Havana: renovate the existing single-family home plus detached efficiency, or redevelop the 10,000 SF corner lot under Miami 21 to build 8 units. The main 2-story 1926 home needs interior updates, allowing a value-add investor or homeowner to create significant equity. The second structure functions as an efficiency with its own bathroom—ideal for rental income or guest use. Developers can build 8 units by right under T4-R. The lot’s 100' x 100' layout allows excellent design flexibility for townhomes or boutique multifamily. Investors can renovate both buildings for dual income while holding the land for future development. With strong rental demand and proximity to Brickell, Coral Gables, and the Civic Center, this property offers versatility, appreciation potential, and long-term value in one of Miami’s most resilient neighborhoods.
Property Details
Property Type
- Land
Est. Annual Taxes
- $3,892
Lot Details
- 10,000 Sq Ft Lot
- East Facing Home
- Property is zoned 3900
Community Details
- No Home Owners Association
- West Shenandoah A Resub Condos
- West Shenandoah A Resub Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-41-03-019-0010
Map
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 | $3,944 | $226,020 | -- | -- |
| 2024 | $3,903 | $219,651 | -- | -- |
| 2023 | $3,903 | $213,254 | $0 | $0 |
| 2022 | $3,782 | $207,043 | $0 | $0 |
| 2021 | $3,764 | $201,013 | $0 | $0 |
| 2020 | $3,715 | $198,238 | $0 | $0 |
| 2019 | $3,628 | $193,782 | $0 | $0 |
| 2018 | $3,484 | $190,169 | $0 | $0 |
| 2017 | $3,441 | $186,258 | $0 | $0 |
| 2016 | $3,453 | $182,428 | $0 | $0 |
| 2015 | $3,487 | $181,160 | $0 | $0 |
| 2014 | $3,521 | $179,723 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/12/2025 12/12/25 | For Sale | $950,000 | -- | $350 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Attorney | |
| Deed | $179,000 | -- |
Source: MIAMI REALTORS® MLS
MLS Number: A11929976
APN: 01-4103-019-0010
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