NOT LISTED FOR SALE

97 NW 40th St Miami, FL 33127

Miami Design District Neighborhood

Estimated Value: $812,000 - $3,268,000

3 Beds
3 Baths
1,617 Sq Ft
$959/Sq Ft Est. Value

Sale Details

Date Sold: August 24, 2022

Last sale price $730,000 $451 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,080 / mo

47 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Fenced
  • Walk-In Closet
  • 2 Car Garage
  • Southwest Facing Home

About This Home

As of August 2022

Exclusive opportunity to acquire a 5,600 SF development corner site (the property) with 58' feet of frontage along40th St in the Design District neighborhood. This parcel Current Miami 21 Zoning (T3-L) The property can achieveresidential, multifamily, duplex, townhomes. 2 Floors Max. Actually The main house has 2/2 1300 Sq. Ft plus a317 Sq. Ft back Studio totaling 1617 Sq. Ft. Now is rented at $2,700.00 monthly until Feb 2023

Last Buyer's Agent

Kristina Perez

United Realty Group Inc License #3349142

United Realty Group Inc

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,964

Year Built

  • Built in 1940

Lot Details

  • Southwest Facing Home
  • Fenced
  • Property is zoned 0104

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Interior Spaces

  • 1,617 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank
  • Cable TV Not Available

Community Details

  • No Home Owners Association
  • Princess Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0131240210332

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,964

Year Built

Built in 1940

Lot Details

5,619 Sq Ft Lot

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Year Built: 1940
  • Architectural Style: Other
  • Carport Y N: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • DelayedMarketingYN: No
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Other, Pantry, Walk-In Closet(s)
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Flooring: Other
  • Stories: 1
  • Window Features: Other

Exterior Features

  • Fencing: Fenced
  • Pool Private: No
  • Waterfront Features: Other
  • Waterfront: No
  • Construction Type: Other
  • Direction Faces: Southwest
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Covered Parking Spaces: 4.0
  • Carport Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes

Utilities

  • Other Equipment: Other
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Central, Other
  • Heating Yn: Yes
  • Sewer: Public Sewer, Septic Tank
  • Utilities: Cable Not Available, Sewer Available
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: None
  • Association: No

Lot Info

  • Parcel #: 0131240210332
  • Lot Size: 5600
  • Mobile Dim Units: Feet
  • Zoning: 0104

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6964.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2025
Sold by
Franco Abraham
Bought by
Current Estimated Value
$970,553

Purchase Details

Closed on
Sep 2, 2025
Sold by
40Th St Design Llc
Bought by
Franco Abraham

Purchase Details

Listed on
Jun 16, 2022
Closed on
Aug 18, 2022
Sold by
Foreclosure Assets Managements Llc
Bought by
40Th St Design Llc
Buyer's Agent
Kristina Perez
United Realty Group Inc
List Price
$780,000
Sold Price
$730,000
Premium/Discount to List
-$50,000
-6.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.40%

Purchase Details

Listed on
Jan 17, 2015
Closed on
Feb 11, 2015
Sold by
Apex Ps Llc
Bought by
Foreclosure Assets Managements Llc
List Price
$315,000
Sold Price
$295,000
Premium/Discount to List
-$20,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.80%

Purchase Details

Closed on
Dec 16, 2014
Sold by
Yebaile Jorge Rachid
Bought by
Apex Ps Llc

Purchase Details

Closed on
Jul 15, 2004
Sold by
Yebaile Jorge Rachid
Bought by
Yebaile Jorge Rachid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,800
Interest Rate
7.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2003
Sold by
Zayas Abraham
Bought by
Yebaile Jorge Rachid and The Zayas Family Trust

Purchase Details

Closed on
Sep 13, 2002
Sold by
Miriam O Santos I
Bought by
Zayas Abraham

Purchase Details

Closed on
Feb 13, 1997
Sold by
Leoncio and Granda Olga Cueto
Bought by
Santos Miriam O
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Miami Design District, FL

  • Maria Corina Martinez Real Estate Agent - Keller Williams Legacy

    Maria Corina Martinez

    Keller Williams Legacy

    (855) 233-6865

    226 Total Sales

    2 in Miami Design District

    $590,000 Price Range

    Maria Corina Martinez
     Section Image
  • Alex Castro Real Estate Agent - Coldwell Banker Realty

    Alex Castro

    Coldwell Banker Realty

    (855) 605-0975

    33 Total Sales

    1 in Miami Design District

    $475,000 Price

    Alex Castro
     Section Image
  • Cyro Raffa Real Estate Agent - ION Real Estate Group Inc.

    Cyro Raffa

    ION Real Estate Group Inc.

    (954) 335-8989

    24 Total Sales

    2 in Miami Design District

    $819,000 Price Range

    Cyro Raffa
     Section Image
  • Ellen Mitchel Real Estate Agent - RE/MAX Allstars

    Ellen Mitchel

    RE/MAX Allstars

    (754) 465-0355

    99 Total Sales

    2 in Miami Design District

    $1,650,000 Price Range

    Ellen Mitchel
     Section Image
  • Jeremy Dysch Real Estate Agent - United Realty Group Inc

    Jeremy Dysch

    United Realty Group Inc

    (561) 473-3483

    53 Total Sales

    1 in Miami Design District

    $555,000 Price

    Jeremy Dysch
     Section Image
  • Nancy Batchelor Real Estate Agent - Compass Florida, LLC

    Nancy Batchelor

    Compass Florida, LLC

    (786) 685-4740

    385 Total Sales

    1 in Miami Design District

    $3,000,000 Price

    Nancy Batchelor
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Franco Abraham -- None Listed On Document
40Th St Design Llc $730,000 None Listed On Document
Foreclosure Assets Managements Llc $295,000 Attorney
Apex Ps Llc $130,100 None Available
Yebaile Jorge Rachid -- --
Yebaile Jorge Rachid -- --
Zayas Abraham $120,000 --
Santos Miriam O $59,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $101,686
Previous Owner Yebaile Jorge Rachid $25,000
Previous Owner Yebaile Jorge Rachid $152,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2022 08/24/22 Sold $730,000 -6.4% $451 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $780,000 +164.4% $482 / Sq Ft
02/17/2015 02/17/15 Sold $295,000 -6.3% $187 / Sq Ft View Prior Sale
02/17/2015 02/17/15 Pending -- -- --
01/17/2015 01/17/15 For Sale $315,000 -- $200 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,383 $419,100
2024 $10,957 $390,999
2023 $10,957 $477,557 $355,454 $122,103
2022 $8,126 $316,583 $0 $0
2021 $7,255 $287,803 $190,371 $97,432
2020 $6,876 $276,576 $178,443 $98,133
2019 $6,295 $241,512 $142,678 $98,834
2018 $5,854 $226,925 $127,391 $99,534
2017 $5,457 $203,786 $0 $0
2016 $5,208 $186,370 $0 $0
2015 $3,638 $112,366 $0 $0
2014 $3,534 $105,572 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • KP

    Buyer's Agent in 2022

    Kristina Perez

    United Realty Group Inc

    (954) 450-2000

    2 in this area

    12 Total Sales

    Kristina Perez
    Section Image

  • NS

    Buyer's Agent in 2015

    Norman Smith Becerra

    Avanti Way Realty LLC

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11223802

BeachesMLS (Greater Fort Lauderdale)

APN: 01-3124-021-0330

Florida Miami/Dade County Miami 33127 Miami Design District

97 NW 40th St, Miami, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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