CITY OF MIAMI SOUTH

244 NW 7th Ave, Miami FL 33128

For Sale · Active Listing

$4,700,000

Est. Payment $25,015/mo

MLS Sheet Video

79

Days on Market

Description

LUMINA HOUSE DEVELOPMENT SITE – NOW AVAILABLE Prime development opportunity in Miami’s rapidly evolving West River District. This shovel-ready site is fully approved for approximately 102,226 square feet, allowing for an 8-story development with up to 60 residential units, or the option for elderly housing combined with Live Local incentives for up to 85 units. Ideally positioned just one block from the Miami River and steps from Bagatelle, this location offers unmatched proximity to Brickell and Downtown Miami—placing future residents at the center of the city’s most vibrant lifestyle and business hubs. The surrounding area is undergoing significant transformation, making this an exceptional opportunity for investors and developers to capitalize on Miami’s continued growth. Now is the time to secure a foothold in one of the city’s most promising emerging neighborhoods. See attachment for renderings and more information

Facts

MLS#
A11986239
Subdivision
CITY OF MIAMI SOUTH
Property Type
Commercial Land
Property Sub Type
Residential
Year Built
Lot Size
15,246 ft²
Sq. Ft.
Sq. Mt.
Price per sq. ft.
Price per sq. mt.
Stories
Garage
Pool
Days on Market
79 days
Listed
Mar 19, 2026
Last Updated
Mar 20, 2026
Price/Lot Sq.Ft.
$308/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

June 2026

100/100
Buyers marketSellers market

51

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).

3/19/2026Listed for sale$4,700,000

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

Location

244 NW 7th Ave, Miami FL 33128Directions

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

$29,082/mo

Principal & Interest

$25,015

Property Tax

$3,917

Insurance

$150

HOA

$0

20% ($940,000)
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

The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.

Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.

Updated within 24 hours

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