722/724 NW 53rd St, Miami, FL, 33127
About This Home
Prime Miami development opportunity in one of the city’s most dynamic growth corridors. Located at 722/724 NW 53rd Street, this rare 11,520-square-foot property features two detached units and offers exceptional flexibility for investors, builders, or end users looking to create long-term value. Zoned T3-L, the site provides a strong foundation for future redevelopment, expansion, or repositioning, subject to buyer due diligence and local approvals. With an oversized lot, existing structures, and a central Miami location, this property is a blank canvas for a visionary buyer seeking upside in a rapidly evolving area. Ideally positioned with convenient access to the Miami Design District, Wynwood, Little River, Midtown, Downtown Miami, and the beaches, the property sits near some of Miami’s most active cultural, residential, and commercial destinations. Whether your goal is redevelopment, income potential, or land banking in a high-demand market, 722/724 NW 53rd Street delivers location, lot size, and opportunity. Bring your vision and unlock the possibilities in the heart of Miami.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1943
Materials
- Roof: Other
- Construction materials: Concrete Block Construction
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Features
- Other
- Window features: Other Windows
- Flooring: Tile
Heating & Cooling
- Heating features: Electric
- Cooling features: Other
Interior Area
- Total structure area: 1,324
- Total interior livable area: 662 sqft
Property
Details
- Parcel number: 0131230060170
- Attached to another structure: Yes
- Zoning: 0104
Features
- Entry location: First Floor Entry
- Pool features: R30-No Pool/No Water
- Exterior features: None
- Has view: Yes
- View description: None
Lot
- Lot size: 0.26 Acres
- Features: Less Than 1/4 Acre Lot,Oversized Lot
Parking
- Total spaces: 2
- Parking features: Driveway
- Covered spaces: 2
- Has uncovered spaces: Yes
- Carport spaces: 2
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
- Hurricane
- 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 * | $207 | $2,484 |
| Property Taxes | $573 | $6,876 |
| Electricity | $197 | $2,366 |
| Total | $5,275 | $63,300 |
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 |
|---|---|---|
| 2026-07-21 | Listed for sale | $850,000 |
View on Zillow