7,200 sqft Lot Covered land play in coveted Wynwood Norte, this prime investment T-4R property with NRD-2 Zoning Overlay presents an exceptional chance to build up to 16 units as of right, without parking requirements. Also works as a luxury townhomes site. Strategically located near Wynwood, Midtown, Design District and flanked by the I-95 and I-195. Property currently consists of a single family 3 beds and 1 bath and can generate approximately $3,000/m. Property is within walking distance of many entertainment, retail, hospitality, art galleries, and restaurants, including several Michelin-awarded restaurants. South of Design District and west of Mid-Town, the area is experiencing rapid growth, with hundreds of new developments coming to Wynwood Norte.
Fausto Commercial Realty Consultants Inc
Features & Details
Learn about the features and details of 287 NW 31st St
Property Details
Property Type
SingleFamilyResidence
Living Area
1,256 sqft
Year Built
1930
Lot Size
7,200 sqft
Stories
-
Annual Tax
$20,853.00
List Date
9/5/2025
Updated
9/8/2025
Last Checked
Recent
MLS Number
#A11873587
Brokerage
Fausto Commercial Realty Consultants Inc
Postal Code
33127
Area
Miami-Dade
City
Miami
Additional Property Features
Occupancy
Owner
List Price
$1,450,000.00
Unit Number
-
Construction
Block
Heating
Central
Fireplaces
-
Garage
-
Parking Type
No
Pets Allowed
No
Air Conditioning
Central Air
Elevator
No
Locker
No
Swimming Pool
None
Patio
Basement
No
Den
No
Central Vacuum
No
Garage Type
No
Additional Listing Information
Walk Score
–
Property Manager
-
Utilities Included
None
Furnished
No
Assessment Year
2024
Assignment
No
Extras Included
None
Inside
Bedrooms & Baths
3 Bed, 1 Bath
Bedrooms
3
Full Bathrooms
1
Ensuite
Yes
Bathrooms
1
Flooring
Mixed
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Price history
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Mortgage Calculator
Estimate monthly payments for 287 NW 31st St
$0
20.0%
$1,450,000
1%
5.25%
10%
25 Years
Monthly
Estimated Monthly Payment
$6,951
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Cash Flow Analysis
Mortgage Payment:
$6,951.27
Monthly Payment:
$8,689.02
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.
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Discover this beautiful singlefamilyresidence in the heart of Miami. This well-appointed property offers 3 bedrooms, 1 bathroom, 1,256 square feet of living space situated on a 7,200 square foot lot. Originally built in 1930. Offered at $1,450,000.00 Don't miss this opportunity to own in one of the area's most desirable locations.
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Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.