287 NW 31st St, Miami, FL, 33127
About This Home
7,200 sqft lot development opportunity in the highly sought-after Wynwood Norte area. This prime T-4R property with NRD-2 Zoning Overlay offers the potential to build up to 16 units by right, with no parking requirements. The site is also well-suited for luxury townhome development. Ideally located just minutes from Wynwood, Midtown, and the Design District, with convenient access to I-95 and I-195. The property currently features a 3-bedroom, 1-bath single-family home generating approximately $3,000/month in rental income. Within walking distance to numerous restaurants, retail, entertainment venues, art galleries, and several Michelin-recognized dining spots. Positioned south of the Design District and west of Midtown, Wynwood Norte continues to experience strong growth with numerous new developments transforming the neighborhood.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1930
Materials
- Roof: Shingle
- Construction materials: Concrete Block Construction
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Tile
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,280
- Total interior livable area: 1,256 sqft
Property
Details
- Parcel number: 0131250193130
- Zoning: 3900
Features
- Stories: 1
- Entry location: First Floor Entry
- Pool features: R30-No Pool/No Water
- Patio & porch: Patio
- Has view: Yes
- View description: None
Lot
- Lot size: 7,200 sqft
- Features: Less Than 1/4 Acre Lot
Parking
- Parking features: Covered,Driveway,On Street
- Has uncovered spaces: Yes
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 | $6,447 | $77,364 |
| Home Insurance * | $311 | $3,732 |
| Property Taxes | $2,002 | $24,024 |
| Electricity | $197 | $2,366 |
| Total | $8,957 | $107,484 |
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 |
|---|---|---|
| 2026-03-10 | Listed for sale | $1,275,000 |
| 2026-03-05 | Listing removed | $1,300,000 |
| 2026-01-08 | Price change | $1,300,000 |
| 2025-12-02 | Price change | $1,400,000 |
| 2025-09-06 | Listed for sale | $1,450,000 |
| 2025-09-05 | Listing removed | $1,450,000 |
| 2025-04-10 | Price change | $1,450,000 |
| 2025-02-27 | Price change | $1,600,000 |
| 2024-09-04 | Listed for sale | $1,800,000 |
For Sale by Agent
View on Zillow