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118 NW 35th St, Miami, FL, 33127

3beds
3baths
1,144sqft
$1,399,900
$1,224price/sqft
$9,970/moest. monthly cost
$398,800/yrincome needed

About This Home

A truly rare opportunity in the heart of Miami's thriving Wynwood district. Situated at 118 NW 35th Street, this exceptional property is one of only FOUR parcels in all of Wynwood that directly adjoins the neighborhood's only public park—offering a unique combination of open green space, privacy, and long-term value that simply cannot be replicated. (seller financing available) The property's direct park frontage creates an unmatched setting for future development, investment, or a signature residential project. The offering includes the property along with a thoughtfully designed development concept for a four-story residential building featuring 19 studio and one-bedroom residences totaling approximately 14,045 interior square feet. The proposed project has been planned in accordance with the current Miami 21 zoning framework, (Live Local Act) Whether you're an experienced multifamily developer, private investor, or opportunity fund seeking a premier urban infill project, Park Place Wynwood delivers a unique combination of location, zoning, and vision. With development plans included in the sale, purchasers can benefit from a clear path toward creating a boutique residential asset in one of Miami's most sought-after neighborhoods. Currently theres a completely remodeled, 2/2 main house and a 1/1 apt producing monthly income. 1 year old roof and impact window

Getting Around

95
WalkingWalker's Paradise
52
TransitGood Transit
74
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1925

Materials

  • Roof: Shingle
  • Construction materials: Concrete Block Construction

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Flooring: Tile

Heating & Cooling

  • Heating features: Central
  • Cooling features: Other

Interior Area

  • Total structure area: 1,342
  • Total interior livable area: 1,144 sqft

Property

Details

  • Parcel number: 0131250190760
  • Zoning: 3900

Features

  • Stories: 1

Lot

  • Features: Less Than 1/4 Acre Lot

Parking

  • Total spaces: 6

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
    HurricaneRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Cold Wave
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $7,078$84,936
Home Insurance *$342$4,104
Property Taxes $2,353$28,236
Electricity $197$2,366
Total$9,970$119,640
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$341,828/yr
40% on housing$299,100/yr
45% on housing$265,866/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,224This listing

vs Other Active Listings

Avg $/sqft

ZIP 33127$540
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33127$472
Miami-Dade County$404

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

DateEventPrice
2026-08-13Price change$1,350,000
2026-08-04Price change$1,389,900
2026-07-09Price change$1,399,900
2026-06-25Price change$1,490,000
2026-06-19Price change$1,499,000
2026-06-17Listed for sale$1,590,000
2018-11-27Listing removed$2,500
2018-09-28Price change$2,500
2018-09-15Listed for rent$2,700
2018-05-01Sold$345,000
2018-02-14Pending sale$399,000
2017-11-14Price change$399,000
2017-08-16Listed for sale$495,000
2000-09-13Sold$42,000

For Sale by Agent

AgentFrancisco Zepeda Campos
BrokerageLifestyle International Realty

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