HOMES BY DARCI
Southern Key Realty
473 NE 61st Street Miami FL 33137
Address
473 Ne 61st Street, Miami, FL
Price
$ 850,000
Property Attributes
- MLS#A11961470
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityMiami
- Area2320
- NeighborhoodLEMON CITY WHITES
- Zip33137
- Style
- Year Built1925
- Taxes$ 10172
- Price$ 850,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1520
Data Source:
Beaches MLS (FL)
Property Description
Located at 473 NE 61st St, this 5-bedroom, 2-bathroom property is strategically positioned in the heart of one of Miami's most aggressive development frontiers. This submarket, bridging the Upper East Side and the Little River/Magic City Innovation District, is currently seeing a massive influx of capital, with new mixed-use projects and commercial revitalization driving a sharp upward trend in land values. For an investor, this means the asset is not just an income-producer, but a prime candidate for significant long-term capital appreciation.The property currently operates as a high-performing Airbnb, generating a proven Net Operating Income (NOI) of $66,268.00. Configured as a spacious single-family residence to maximize average daily rates (ADR) and guest capacity, the property also retains its status as a legal duplex. With T4-R zoning, the investor has the built-in flexibility to either maintain the high-yield short-term rental model or convert the asset back into a multi-unit configuration to capitalize on the area's soaring long-term rental demand. The 4,992 sq. ft. lot and upgraded amenities, including a private hot tub, provide a turnkey, stabilized vehicle in a neighborhood rapidly transitioning into a premier urban destination.
| Elementary School | Middle School | High School |
|---|---|---|
| Morningside K-8 Academy (Miami-Dade) Elementary School | Horace Mann Middle School | Miami Edison High School |
| Price History | |
|---|---|
| 6/10/2026 | Listed $850,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Central |
| Cooling | CentralAir |
| Utilities | CableAvailable |
| Possession | CloseOfEscrow |
| Roof | Shingle |
| Pool Features | AboveGround |
| Construction Materials | Block |
| Year Built | 1925 |
| Property Subtype | Duplex |
| Tax Year | 2025 |
| County | Miami-Dade |
| Property Type | ResidentialIncome |
| Subdivision Name | LEMON CITY WHITES |
| Status | Active |
| High School | Miami Edison |
| City | Miami |
| MLS Area | 2320 |
| Elementary School | Morningside K-8 Academy (Miami-Dade) |
| Tax Annual Amount | 10172 |
| Middle/Junior High School | Horace Mann |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11961470 |
| Standard Status | Active |
| Property Sub Type Additional | Duplex |
| PostalCity | Miami |
| Legal Description | LEMON CITY WHITES PB B-32 E3FT OF LOT 50 & LOT 51 LESS E1FT & LESS S4FT THEREOF LOT SIZE 4992 SQ FT OR 19974-2370 10 2001 1 COC 24415-0852 0 |
Interior Features
| Flooring | Laminate |
|---|---|
| Total Stories | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Total Parking | 4 |
|---|---|
| Building Area Total | 1520 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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