531 NE 55th Terrace is a unique opportunity to renovate a historic home in coveted Morningside. Already gutted and stripped down to the studs, this 1,900 square foot 3 bed plus garage is the ideal canvas for an end user or developer to execute their vision. One can also expand the house another ~985 square feet, create a second story and add a pool. Buyer to confirm all zoning possibilities with their own architect. *All new windows + doors have been purchased, are already on site and included in the sale. All advertised renderings are virtual and for marketing purposes only.
Compass Florida, LLC
Features & Details
Learn about the features and details of 531 NE 55th Ter
Property Details
Property Type
SingleFamilyResidence
Living Area
1,896 sqft
Year Built
1938
Lot Size
6,540 sqft
Stories
-
Annual Tax
$26,248.00
List Date
8/25/2025
Updated
8/26/2025
Last Checked
Recent
MLS Number
#A11864952
Brokerage
Compass Florida, LLC
Postal Code
33137
Area
Miami-Dade
City
Miami
Additional Property Features
Occupancy
CallAgent
List Price
$1,480,000.00
Unit Number
-
Construction
Block
Heating
Other
Fireplaces
-
Garage
1 Car Garage
Parking Type
No
Pets Allowed
No
Air Conditioning
Other
Elevator
No
Locker
No
Swimming Pool
None
Patio
Deck
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, 2 Bath
Bedrooms
3
Full Bathrooms
2
Ensuite
Yes
Bathrooms
2
Flooring
Mixed
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Price history
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Virtual Tour
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Real estate trends
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Mortgage Calculator
Estimate monthly payments for 531 NE 55th Ter
$0
20.0%
$1,480,000
1%
5.25%
10%
25 Years
Monthly
Estimated Monthly Payment
$7,095
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Cash Flow Analysis
Mortgage Payment:
$7,095.09
Monthly Payment:
$9,282.43
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 stunning singlefamilyresidence in the heart of Upper East Side, Miami. This well-appointed property offers 3 bedrooms, 2 bathrooms, 1,896 square feet of living space situated on a 6,540 square foot lot. Originally built in 1938. Offered at $1,480,000.00 The property comes with None. 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.