727 W Flagler St Miami, FL 33130
Riverside NeighborhoodEstimated payment $7,553/month
About This Lot
SELLER FINANCING AVAILABLE – 3-unit retail property with rear parking on busy W Flagler St, minutes from Miami’s urban core. Zoned T6-12-O, offering several options: build up to 4 townhomes on the 7,000 SF lot, assemble with neighbors for up to 12 stories (±24–34 units with Live Local Act), or expand the existing 1,845 SF building to add square footage and income. All units are leased, providing immediate cash flow while planning redevelopment. Perfect covered land play, future multifamily, or owner-user use such as a pet hotel, veterinarian, medical office, or professional practice. The location offers strong visibility, heavy traffic counts, and quick access to Downtown, Brickell, and major highways, making it a rare investment with both income and development upside.
Property Details
Property Type
- Land
Est. Annual Taxes
- $15,907
Lot Details
- 7,000 Sq Ft Lot
- Lot Dimensions are 55x136
- Property is zoned 6110
Location
- City Lot
Community Details
- No Home Owners Association
- City Of Miami South Condos
- City Of Miami South Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-02-00-080-1170
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 | $14,351 | $562,498 | -- | -- |
| 2024 | $15,907 | $511,362 | -- | -- |
| 2023 | $15,907 | $464,875 | $0 | $0 |
| 2022 | $10,625 | $422,614 | $0 | $0 |
| 2021 | $9,486 | $384,195 | $0 | $0 |
| 2020 | $8,784 | $537,972 | $525,000 | $12,972 |
| 2019 | $8,104 | $503,003 | $490,000 | $13,003 |
| 2018 | $7,259 | $468,793 | $455,000 | $13,793 |
| 2017 | $6,268 | $262,412 | $0 | $0 |
| 2016 | $6,124 | $238,557 | $0 | $0 |
| 2015 | $7,078 | $312,807 | $0 | $0 |
| 2014 | $7,216 | $312,420 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2026 02/04/26 | Price Changed | $1,199,000 | 0.0% | -- |
| 02/04/2026 02/04/26 | For Sale | $1,199,000 | -0.1% | -- |
| 02/02/2026 02/02/26 | Pending | -- | -- | -- |
| 11/26/2025 11/26/25 | Price Changed | $1,200,000 | -7.6% | -- |
| 08/21/2025 08/21/25 | Price Changed | $1,299,000 | -3.8% | -- |
| 08/11/2025 08/11/25 | Price Changed | $1,350,000 | -9.9% | -- |
| 01/30/2025 01/30/25 | Price Changed | $1,499,000 | -6.3% | -- |
| 01/09/2025 01/09/25 | Price Changed | $1,599,000 | -5.9% | -- |
| 12/12/2024 12/12/24 | Price Changed | $1,699,000 | -10.5% | -- |
| 11/19/2024 11/19/24 | Price Changed | $1,899,000 | -2.6% | -- |
| 09/24/2024 09/24/24 | For Sale | $1,949,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $90,000 | Commercial |
Source: MIAMI REALTORS® MLS
MLS Number: A11664550
APN: 01-0200-080-1170
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