473 NE 61st Street, Miami, FL 33137
$799,000 · Active
- 5 beds
- 2 baths
- 1,520 sq ft
- Single Family Residence
- Built 1925
- Lot 4,791.6 sq ft
- MLS# A12082857
- Lemon City Whites
About this home
CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.
Features
- Pantry
- Above Ground
Schools
- Elementary: Morningside K-8 Academy (Miami-Dade)
- Middle: Horace Mann
- High: Miami Edison
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Douglas Elliman · Listing agent: Fernando Nicholas Rodriguez
Schedule a showing
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 473 NE 61st Street.
Questions About 473 NE 61st Street
- How much is 473 NE 61st Street?
- 473 NE 61st Street is listed at $799,000, which is about $526 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 473 NE 61st Street?
- The listing reports annual property taxes of $10,275 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 473 NE 61st Street built?
- 473 NE 61st Street was built in 1925 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 473 NE 61st Street been on the market?
- 473 NE 61st Street has been listed for 20 days. Days on market and price changes are the first signals of how much room there is to negotiate.
- Which schools serve 473 NE 61st Street?
- The MLS lists Morningside K-8 Academy (Miami-Dade) (elementary), Horace Mann (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 473 NE 61st Street?
- 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.
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The 3 bedroom home at 420 NW 42nd Street, Miami, FL 33127 is comparable and listed for sale at $799,000. Another comparable home, 700 SW 44th Place, Miami, FL 33134, sold for $780,000 in September 2026. Other Miami neighborhoods include Grapeland Heights and Flagami. 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.