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1120 NW 31st St, Miami, FL, 33127

2beds
1baths
1,285sqft
$489,999
$381price/sqft
$3,378/moest. monthly cost
$135,120/yrincome needed

About This Home

Prime opportunity to acquire a single-family residence with strong upside in an evolving Miami neighborhood. This home offers a practical floor plan, generous lot size, and the chance to add value through updates and improvements. Pricing reflects current condition and encourages serious interest from buyers looking to renovate and personalize. Conveniently located minutes from Wynwood, Midtown, and major roadways. Opportunities like this are increasingly rare in this area.

Getting Around

73
WalkingVery Walkable
64
TransitGood Transit
68
BikeBikeable

Schools

Construction

Condition

  • Year built: 1935

Materials

  • Roof: Flat Roof With Facade Front
  • Construction materials: Concrete Block Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Range
  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Storage
  • Flooring: Other

Heating & Cooling

  • Heating features: None
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 1,668
  • Total interior livable area: 1,285 sqft

Property

Details

  • Parcel number: 0131260360520
  • Zoning: 5700

Features

  • Stories: 1
  • Entry location: First Floor Entry
  • Pool features: R30-No Pool/No Water
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 5,500 sqft
  • Features: Less Than 1/4 Acre Lot

Parking

  • Parking features: Driveway
  • 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

  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Hurricane
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 $2,477$29,724
Home Insurance *$119$1,428
Property Taxes $585$7,020
Electricity $197$2,366
Total$3,378$40,536
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,817/yr
40% on housing$101,340/yr
45% on housing$90,080/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

$381This listing

vs Other Active Listings

Avg $/sqft

ZIP 33127$545
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
2026-03-10Price change$489,999
2026-01-25Listed for sale$559,000
1995-11-01Sold$59,900

For Sale by Agent

AgentTakasha Flowers
BrokerageDalton Wade Inc

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