How much is 242 NE 55th Terrace?

242 NE 55th Terrace is listed at $1,000,000, which is about $617 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the property taxes on 242 NE 55th Terrace?

The listing reports annual property taxes of $6,815 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.

When was 242 NE 55th Terrace built?

242 NE 55th Terrace was built in 1953 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 242 NE 55th Terrace been on the market?

242 NE 55th Terrace has been listed for 698 days, and the asking price has been reduced from $1,300,000. Days on market and price changes are the first signals of how much room there is to negotiate.

Which schools serve 242 NE 55th Terrace?

The MLS lists Jose De Diego (middle), Miami Edison (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

How do I see 242 NE 55th Terrace?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

242 NE 55th Terrace, Miami, FL 33137

$1,000,000 · Active

0 baths
1,620 sq ft
Duplex
Built 1953
MLS# A11674866
Dixie Highway Track

About this home

Discover a fantastic investment in this well-maintained multifamily property situated in a thriving neighborhood in an opportunity zone. This property boasts multiple spacious units, each featuring modern finishes, ample natural light, ensuring convenience for both tenants and owners. With a strong rental history and low vacancy rates, it’s an ideal addition to any portfolio. Enjoy the benefits of being in a desirable area with close proximity to local amenities, parks, public transport, restaurant, schools and much more!!!Duplex operating as a fourplex.

Features

Lighting

Schools

Middle: Jose De Diego
High: Miami Edison

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Green Lands Realty · Listing agent: Silvia Garaza

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 242 NE 55th Terrace.

Questions About 242 NE 55th Terrace

How much is 242 NE 55th Terrace?: 242 NE 55th Terrace is listed at $1,000,000, which is about $617 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the property taxes on 242 NE 55th Terrace?: The listing reports annual property taxes of $6,815 for 2025. Taxes are reassessed at the sale price after a purchase, so a new owner's bill can differ from the current owner's; use the mortgage calculator on this page for an estimate.
When was 242 NE 55th Terrace built?: 242 NE 55th Terrace was built in 1953 and the listing describes its condition as resale. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 242 NE 55th Terrace been on the market?: 242 NE 55th Terrace has been listed for 698 days, and the asking price has been reduced from $1,300,000. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 242 NE 55th Terrace?: The MLS lists Jose De Diego (middle), Miami Edison (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 242 NE 55th Terrace?: Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

Explore

Similar Homes Nearby

53 NE 56th Street, Miami, FL 33137 · $1,315,000 · 0 ba · 2,486 sq ft
1010 SW 8th Avenue, Miami, FL 33130 · $1,059,000 · 0 ba · 1,501 sq ft
2232 SW 13th Street, Miami, FL 33145 · $1,280,000 · 0 ba · 3,111 sq ft
2484 SW 10th Street, Miami, FL 33135 · $1,349,000 · 0 ba · 2,980 sq ft

Recently Sold Nearby

2110 NW 24th Street, Miami, FL 33142 · Sold $850,000 · 0 ba · 2,508 sq ft
2100 NW 24th Street, Miami, FL 33142 · Sold $850,000 · 0 ba · 2,508 sq ft

Explore Nearby

Nearby Cities

Miami Neighborhoods

Nearby ZIP Codes

The home at 53 NE 56th Street, Miami, FL 33137 is comparable and listed for sale at $1,315,000. Another comparable home, 2110 NW 24th Street, Miami, FL 33142, sold for $850,000 in September 2026. Miami neighborhoods include Little River and Little Havana. Nearby ZIP codes include 33125 and 33126. This property also neighbors Miami Beach, Brickell, and Bal Harbour. Compare it with the Miami housing market report.