HOME OWNERS PARADISE

4990 NW 31st Ave, Miami FL 33142

3 beds · 2.5 baths · 2,777 ft²

Closed

$699,000

Est. Payment $3,720/mo

MLS Sheet Video

3

Bedrooms

2.5

Bathrooms

2,777

Sq. Ft.

1972

Year Built

2

Garage

27

Days on Market

Description

Developer’s Dream: Huge Miami Home in an Up-and-Coming Neighborhood with Buildable Lot Next Door Included ! Rare once-in-a-lifetime developer special in one of Miami’s fastest-rising neighborhoods. This oversized 2,800 sq. ft. single-family home with garage sits directly across from an elementary school, offering strong appeal for future homeowners or tenants. What makes this opportunity truly exceptional is the deed-included adjacent lot, zoned for single-family construction. You’re getting two properties in one deal—renovate and modernize the existing spacious home while building a brand-new single-family residence next door, or hold both as the area continues to appreciate. The main home is solid with generous layout but ready for modern updates. The roof is borderline, priced accordingly, making this a clear investor and developer opportunity with major upside. Opportunities like this are rarely available in Miami: a huge house, a buildable lot, and a growing neighborhood all in one package. Ideal for redevelopment, resale, or long-term investment. Bring your vision and maximize the potential.

Facts

MLS#
A11946637
Subdivision
HOME OWNERS PARADISE
Property Type
Residential
Property Sub Type
Single Family Residence
Year Built
1972
Lot Size
8,250 ft²
Sq. Ft.
2,777 ft²
Sq. Mt.
258 m²
Price per sq. ft.
$252/ft²
Price per sq. mt.
$2,709/m²
Stories
Garage
2 spaces
Pool
Days on Market
27 days
Listed
Jan 16, 2026
Last Updated
Mar 18, 2026
Price/Lot Sq.Ft.
$85/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

May 2026

100/100
Buyers marketSellers market

37

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).

3/18/2026Sold$699,000
1/16/2026Listed for sale$699,000

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

Location

4990 NW 31st Ave, Miami FL 33142Directions

GreatSchools Summary Ratings

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

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$4,453/mo

Principal & Interest

$3,720

Property Tax

$583

Insurance

$150

HOA

$0

20% ($139,800)
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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