Residential Income

171 47th St

Miami, FL 33127

ML#:A12062218

List Price:$1,099,999

Status:Closed

Days on Market:17

Listing Brkr:LoKation

Subdivision:SHADOWLAWN EXTENSION SUB

Bedrooms:0

Baths:0

SqFt (Liv):1,540

Lot Size:0 sqft

Year Built:1980

Stories:1

Rare find in the heart of Buena Vista: a full ground-up renovation completed in 2022, with over $100K in improvements since. Two private 2BR/1BA units, separate entrances, 1,540 sf living (1,652 sf total) on a 5,000 sf lot (can be delivered vacant). The rear unit reads like a boutique hotel: Italian flooring, custom millwork and built-ins, a spa shower with lit niches, high-end appliances. Out back, a landscaped oasis under 50+ palms with an outdoor lounge and dining area - a true private retreat in the middle of the city. Live in one, rent the other, or run both. Prior owner's records reflect short-term rental income upwards of $10,000/month, achieved before the current improvements. The next owner sets the terms from day one. Walk to the Design District, Wynwood and Midtown; 10-15 minutes to South Beach. Same-size lots on this block are trading as new-construction luxury homes at $3M+ - own the income today and the upside tomorrow. Seller-paid buydown and specialty financing available at full price through affiliated lender. Buyer not required to use; ABA disclosure provided. Listing agent holds an ownership interest.