244 NW 7th Ave, Miami, FL, 33128
About This Home
LUMINA HOUSE DEVELOPMENT SITE NOW AVAILABLEPrime development opportunity in Miamis 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 Miamiplacing future residents at the center of the citys 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 Miamis continued growth. Now is the time to secure a foothold in one of the citys most promising emerging neighborhoods. See attachment for renderings and more information
Getting Around
Very Walkable
Excellent Transit
BikeableSchools
Construction
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 0102000301010
Lot
- Lot size: 0.30 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Miami-Dade County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $23,765 | $285,180 |
| Home Insurance * | $1,328 | $15,936 |
| Property Taxes | $3,172 | $38,064 |
| Electricity | $197 | $2,366 |
| Total | $28,462 | $341,544 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-20 | Listed for sale | $4,700,000 |
| 2024-03-05 | Sold | $3,900,000 |
| 2018-07-06 | Sold | $700,000 |
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