West of Wynwood

1189 NW 26 St, Miami FL 33127

For Sale · Active Listing

$1,990,000

Est. Payment $10,592/mo

MLS Sheet Video

Days on Market

Description

Permit ready before June 30th: Develop 49 units in 9-story apartment building West of Wynwood, blocks to the UM Hospital District in Miami, FL. Develop by-right via the ‘Live Local Act’, 48 residential units plus one (1) commercial/office. As this site is in a ‘Transit Oriented Development’ (“TOD”) Area, it benefits from the cost savings of zero parking requirements. The location is within blocks of two metro-stations just north and south of the site along NW 12th Ave. Potential for over $1.1 mm in annual proforma revenue when developed, delivered & stabilized. Plans in process on 2nd round of submissions. Only $42,000/door land cost.

Facts

MLS#: A11928327
Subdivision: West of Wynwood
Property Type: Commercial Land
Property Sub Type: Commercial
Year Built: —
Lot Size: 5,009 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: —
Garage: —
Pool: —
Days on Market: 48 days
Listed: Dec 10, 2025
Last Updated: Jan 27, 2026
Price/Lot Sq.Ft.: $397/ft²

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Market insights for Miami

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

Sellers market

May 2026

100/100

Buyers marketSellers market

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).

12/10/2025

Listed for sale

$1,990,000

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

Location

1189 NW 26 St, Miami FL 33127Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Atwater Elementary School
PK,KG,1,2,3,4,5 · public · 0.9 mi
Woodland Middle School
6,7,8 · public · 1.1 mi
Toledo Blade Elementary School
PK,KG,1,2,3,4,5 · public · 1.5 mi
Imagine School At North Port
KG,1,2,3,4,5,6,7,8,9,10,11,12 · charter · 2.5 mi
Liberty Elementary School
PK,KG,1,2,3,4,5 · public · 3.3 mi
Community Christian School
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 4.1 mi
Cranberry Elementary School
PK,KG,1,2,3,4,5 · public · 4.2 mi
Lamarque Elementary School
PK,KG,1,2,3,4,5 · public · 4.4 mi
Charlotte Preparatory
PK,KG,1,2,3,4,5,6,7,8 · private · 4.4 mi
Charlotte Virtual Instruction Program
KG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 4.5 mi

Estimated Monthly Payment

$12,400/mo

Principal & Interest

$10,592

Property Tax

$1,658

Insurance

$150

HOA

Down Payment20% ($398,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$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

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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