473 NE 61st St, Miami, FL, 33137
About This Home
Located at 473 NE 61st St, this 5-bedroom, 2-bathroom property is strategically positioned in the heart of one of Miami's most aggressive development frontiers. This submarket, bridging the Upper East Side and the Little River/Magic City Innovation District, is currently seeing a massive influx of capital, with new mixed-use projects and commercial revitalization driving a sharp upward trend in land values. For an investor, this means the asset is not just an income-producer, but a prime candidate for significant long-term capital appreciation. The property currently operates as a high-performing Airbnb, generating a proven Net Operating Income (NOI) of $66,268.00. Configured as a spacious single-family residence to maximize average daily rates (ADR) and guest capacity, the property also retains its status as a legal duplex. With T4-R zoning, the investor has the built-in flexibility to either maintain the high-yield short-term rental model or convert the asset back into a multi-unit configuration to capitalize on the area's soaring long-term rental demand. The 4,992 sq. ft. lot and upgraded amenities, including a private hot tub, provide a turnkey, stabilized vehicle in a neighborhood rapidly transitioning into a premier urban destination.
Getting Around
Walker's Paradise
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Roof: Shingle
- Construction materials: Concrete Block Construction
Type & Style
- Home type: MultiFamily
- Property subType: Duplex
Interior
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,520
- Total interior livable area: 1,520 sqft
Property
Details
- Parcel number: 0132180300220
- Zoning: 3900
Features
- Stories: 1
- Private pool: Yes
- Pool features: Above Ground
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
- Coastal Flooding
- 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 | $4,298 | $51,576 |
| Home Insurance * | $74 | $888 |
| Property Taxes | $1,735 | $20,820 |
| Electricity | $197 | $2,366 |
| Total | $6,304 | $75,648 |
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 |
|---|---|---|
| 2026-02-08 | Listed for sale | $850,000 |
| 2026-02-01 | Listing removed | $850,000 |
| 2025-04-29 | Listed for sale | $850,000 |
| 2025-04-16 | Listing removed | $850,000 |
| 2025-01-25 | Listed for sale | $850,000 |
| 2024-07-31 | Listing removed | $850,000 |
| 2024-03-22 | Listed for sale | $950,000 |
| 2013-06-03 | Sold | $79,000 |
| 2013-02-28 | Listed for sale | $79,900 |
| 2012-08-31 | Sold | $200 |
| 2010-09-11 | Listing removed | $120,000 |
| 2010-05-29 | Price change | $120,000 |
| 2010-02-22 | Price change | $150,000 |
| 2010-01-30 | Listed for sale | $180,000 |
| 2006-04-11 | Sold | $314,000 |
| 2001-10-24 | Sold | $70,000 |
For Sale by Agent
View on Zillow