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270-272 NW 35th St, Miami, FL, 33127

2beds
2baths
900sqft
$900,000
$1,000price/sqft
$5,573/moest. monthly cost
$222,920/yrincome needed

About This Home

Investor Alert: Covered Land Play in Wynwood Norte – No Parking Required Rare opportunity to acquire a 4,465 SF development site in Wynwood Norte, zoned T4-R within the NRD-2 overlay—allowing up to 15 units by right with no parking requirement (under 20,000 SF buildable threshold). Currently improved with a 2-unit (2 bed / 2 bath) structure totaling 960 SF. Positioned in one of Miami’s most active urban infill corridors, this site provides a clear path to maximize density without the cost and inefficiency of structured parking. Ideal for developers seeking a streamlined project with strong unit yield in a high-demand rental market. Key Highlights: 4,465 SF lot in Wynwood Norte (NRD-2 overlay) Up to 15 units by right No parking required (sub-20,000 SF project) Existing duplex for interim income High-growth location near Wynwood, Midtown, and the Design District A true value-add opportunity with multiple execution paths—build now, hold with income, or entitle for future upside.

Getting Around

89
WalkingVery Walkable
53
TransitGood Transit
76
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1957

Materials

  • Roof: Other
  • Construction materials: CBS Construction

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2

Features

  • Flooring: Other

Heating & Cooling

  • Heating features: None
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 960
  • Total interior livable area: 900 sqft

Property

Details

  • Parcel number: 0131250400130
  • Zoning: 3900

Features

  • Stories: 1

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

  • 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 $4,550$54,600
Home Insurance *$219$2,628
Property Taxes $607$7,284
Electricity $197$2,366
Total$5,573$66,876
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$191,074/yr
40% on housing$167,190/yr
45% on housing$148,613/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

$1,000This listing

vs Other Active Listings

Avg $/sqft

ZIP 33127$543
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
2026-07-22Listed for sale$900,000

For Sale by Agent

AgentMartina Smolakova
BrokerageFausto Commercial Realty Consultants Inc

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