241 NW 34th Ter, Miami, FL, 33127
About This Home
Approved Short Sale. Fully Remodeled & Income-Producing Duplex in Wynwood with 13 units potential. Rare opportunity to acquire a fully remodeled, income-producing duplex in the heart of Wynwood with exceptional redevelopment potential. Currently 100% leased, this property provides immediate cash flow while offering significant future upside for investors and developers. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 13 residential units, making it an ideal opportunity to capitalize on one of Miami’s most dynamic and rapidly growing neighborhoods. An added advantage is the ability to develop without on-site parking requirements through contribution to the applicable parking fund, maximizing the site’s development potential and design flexibility. Located near Wynwood, Midtown Miami, the Design District, Downtown Miami,and major transportation corridors, this property combines current income with long-term development value. Property Highlights: Approved Short Sale, Fully remodeled duplex, Fully rented with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 13 residential units, No on-site parking requirement with contribution to applicable parking fund, Prime Wynwood location, Minutes from Midtown, Design District, Downtown Miami, and I-95,Excellent opportunity for investors and developers. Buyer to independently verify zoning, density, development rights, and parking requirements.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1939
Materials
- Roof: Shingle
- Construction materials: Concrete Block Construction
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Flooring: Tile
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air,Electric
Interior Area
- Total structure area: 1,680
- Total interior livable area: 1,576 sqft
Property
Details
- Parcel number: 0131250190690
- Zoning: 3900
- Special condition: Short Sale
Features
- Stories: 2
Lot
- Features: Less Than 1/4 Acre Lot
Parking
- Total spaces: 4
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
- Hurricane
- Cold Wave
- Heat Wave
- Lightning
- 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 | $5,258 | $63,096 |
| Home Insurance * | $254 | $3,048 |
| Property Taxes | $1,733 | $20,796 |
| Electricity | $197 | $2,366 |
| Total | $7,442 | $89,304 |
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 |
|---|---|---|
| 2026-06-15 | Price change | $1,040,000 |
| 2026-04-08 | Pending sale | $900,000 |
| 2026-02-25 | Listing removed | $2,400 |
| 2026-02-12 | Price change | $2,400 |
| 2026-02-10 | Listed for rent | $2,700 |
| 2026-01-07 | Listed for sale | $900,000 |
| 2025-08-13 | Pending sale | $900,000 |
| 2025-07-30 | Price change | $900,000 |
| 2025-03-20 | Price change | $1,200,000 |
| 2025-02-27 | Price change | $1,150,000 |
| 2025-02-24 | Price change | $1,250,000 |
| 2025-02-07 | Price change | $1,650,000 |
| 2025-01-16 | Price change | $1,800,000 |
| 2024-12-20 | Listed for sale | $1,990,000 |
| 2022-11-30 | Sold | $1,250,000 |
| 2022-11-26 | Pending sale | $1,300,000 |
| 2022-10-27 | Contingent | $1,300,000 |
| 2022-07-21 | Listed for sale | $1,300,000 |
| 2018-11-06 | Sold | $300,000 |
| 2018-05-29 | Sold | $222,300 |
| 2016-09-06 | Listing removed | $279,000 |
| 2016-08-06 | Listed for sale | $279,000 |
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