LAWRENCE ESTATE LAND CO

1037 NW 2nd St, Miami FL 33128

Closed

$600,000

Est. Payment $3,193/mo

MLS Sheet Video

234

Days on Market

Description

7,000 Sq. Ft. site w/plans for 10 units in East Little Havana. 8 units are designated workforce housing, 1 for affordable housing & 1 for low income. The unit mix consists of six 2 bedroom 1 bath units, & four studios. WASD & Miami Dade County are good with using existing water & sewer in the street which is another reduced expense for potential developers. The plans were qualified under prior parking exemption rules giving any developers flexibility to build at a significantly reduced cost 2 stories, providing higher returns, with a high design, new construction product in the neighborhood. The surrounding area has seen a huge revitalization with several construction projects to the East completed. This is a COVID-19/inflation proof investment in Miami’s most iconic neighborhood.

Facts

MLS#
A11342887
Subdivision
LAWRENCE ESTATE LAND CO
Property Type
Commercial Land
Property Sub Type
Year Built
Lot Size
6,970 ft²
Sq. Ft.
Sq. Mt.
Price per sq. ft.
Price per sq. mt.
Stories
Garage
Pool
Days on Market
234 days
Listed
Feb 14, 2023
Last Updated
Jan 4, 2024
Price/Lot Sq.Ft.
$86/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

September 2026

100/100
Buyers marketSellers market

35

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

1/4/2024Sold$600,000
2/14/2023Listed for sale$600,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

1037 NW 2nd St, Miami FL 33128Directions

Estimated Monthly Payment

$3,843/mo

Principal & Interest

$3,193

Property Tax

$500

Insurance

$150

HOA

$0

20% ($120,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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