When was property at 1240 71st Street built and last sold?

The property at 1240 71st Street was built in and last sold on Nov 18, 2013 for $440,000.

How much is this home worth?

The estimated value of the home located at 1240 71st Street is $1,212,000.

What are some comparable homes to 1240 71st Street?

There are currently no comparable homes to 1240 71st Street.

Miami Beach

33141

Normandy Isles

1240 71st St

Map

$1,200,000

↑ $310K (34.8%)

● Land - For Sale

1240 71st St

Miami Beach, FL 33141

Studio

0 Bath

$7,269

Est. Monthly

About This Property

Incredible opportunity to build a 3-story, 5,300 SF custom residence, multi family or family office with a rooftop terrace overlooking downtown Miami. Ideally located within walking distance to the beach, in a rapidly evolving and expanding neighborhood. A rare chance to create the ultimate modern Beach Loft in one of Miami's most promising enclaves. Zoned RO (Residential Office) allowing single-family, multi-family and mixed use, with a maximum FAR of 0.75 (~5,315 SF permitted) and height of 33 feet from DFE.

Unit Size

Days on Market

155 days

Land Size

0.17 acres

Price per sqft

Property Type

Land

Property Taxes

$1,376

HOA Dues

Year Built

Listed By

Caroline Puren

[email protected]

Compass Florida, LLC.

Payment Calculator

Cap Rate Calculator

Last updated: 5 days ago (Miami MLS #A12021733)

Price History

Date / Event	Date	Event
Oct 18, 2026	Price Increased	$1,200,000 ↑ $310K (34.8%)
Price Increased
Oct 5, 2026	Price Decreased	$890,000 ↓ $60K (6.3%)
Price Decreased
May 21, 2026	Listed by Compass Florida, LLC	$950,000
Listed by Compass Florida, LLC
Jun 28, 2024	No longer available	-
No longer available
Oct 20, 2023	Listed	$800,000
Listed

	Vacant LOT - Zoned RO - Religious Institutions, Office low density, Multifamily, or Single Family Home. 5531 buildable New square footage. Perfect opportunity for corporate offices, medical offices, lawyers office, real estate, new start-up, architect firm. Provide new office space in a booming area, that has ZERO new office space construction. Build it, Lease it, Flip it. Lots of opportunities. Concept of Live, Work, Play would be ideal, residential top floor, office space lower level. Located at the gateway to the Normandy business district. Walkability 100%. See attachments SURVEY. Power point presentation available. INQUIRE for SHORT TERM LEASING of LOT.
Apr 3, 2023	No longer available	-
No longer available
Apr 8, 2022	Relisted	$799,000
Relisted
Mar 26, 2022	In contract	-
In contract
Jan 2, 2022	No longer available	-
No longer available
Jan 1, 2022	Listed by 1st Class Realty & Mgmt Co.	$799,000
Listed by 1st Class Realty & Mgmt Co.

Aug 7, 2021	Price Decreased	$799,000 ↓ $51K (6%)
Price Decreased
Jul 24, 2021	Price Decreased	$850,000 ↓ $25K (2.9%)
Price Decreased
Apr 29, 2021	Relisted	$875,000
Relisted
Apr 28, 2021	No longer available	-
No longer available
Apr 6, 2021	Listed by Silverleaf Realty Group	$875,000
Listed by Silverleaf Realty Group

	Vacant LOT - Zoned RO - Religious Institutions, Office low density, Multifamily, or Single Family Home. 5531 buildable New square footage. Perfect opportunity for corporate offices, medical offices, lawyers office, real estate, new start-up, architect firm. Provide new office space in a booming area, that has ZERO new office space construction. Build it, Lease it, Flip it. Lots of opportunities. Concept of Live, Work, Play would be ideal, residential top floor, office space lower level. Located at the gateway to the Normandy business district. Walkability 100%. See attachments SURVEY. Power point presentation available.
Nov 21, 2013	Sold	Premium
Sold
Feb 14, 2013	Sold	Premium
Sold

Property Highlights

Exterior Details

Building Name: OCEANSIDE SEC ISLE OF NOR

Building Area Units: Square Feet

Lot Features: Beach Area, Central Business District, City Location, Corner Location, Dirt, Less Than 1 Acre, Other Lot Description

Lot Size Area: 7087

Lot Size Units: Square Feet

Lot Size Acres: 0.167

Lot Size Square Feet: 7087

Lot Size Dimensions: 150x50

Water Source: Municipal Water

Financial Details

Tax Annual Amount: $16,510

Utilities Details

Sewer : Public Sewer

Building Info

Overview

General

Bedroom Count: 0

Building Condition: 0
Building Quality: 0
Construction Type: 0
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 7,087

Lot Size Depth Feet: 1,250
Lot Size Frontage Feet: 567
Total Building Area: 0
Building Area: 0

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: V
Subdivision: OCEAN SIDE SEC ISLE OF NORMANDY
Land Acres: 0000000163
Standard Land Use Code: 8002
County Land Use Code: 1081
State Land Use Code: 010
Legal Description 1: 2-3 10-11-53 42 PB 25-60 OCEAN SIDE SEC ISLE OF NORMANDY LOT 1 BLK 11 LOT SIZE 56.700 X 125

Neighborhood

School District Name: Dade County School District

School Tax School District: MIAMI BEACH
Census Tract: 003915

Zoning

Zoning: 4800

Geography

Assessors Map Reference: 171

District: 02
Parcel: 02-3210-013-1570
Block: 11
Lot: 1
Meridian: SEC 10 TWN 53S RNG 42E
Municipality: MIAMI BEACH
Latitude: 25.854
Longitude: -80.1322

Address

Full Address: 1240 71st St

Address - House Number: 1240
Address - Street Name: 71st
Address - Suffix Type: St
State: FL
City Name: Miami Beach
Carrier Code: C016
4-Digit Zip Code: 3648
Zip Code: 33141

Valuation

Tax

Total Area: 7,333

Tax Year: 2023
Tax Amount: $1,339,208
Initial Tax Delinquent Year: 2012
Tax Rate Code Area: 200

Market Valuation

Market Total Value: $708,700

Market Land Value: $708,700

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $708,700
Assessed Land Value: $708,700

Sales

Current Sale Contract Date: Nov 18, 2013

Current Sale Recording Date: Nov 21, 2013
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2013R0925210
Previous Sale Recording Date: Feb 14, 2013
Previous Sale Contract Date: Feb 06, 2013
Previous Sale Amount: $300,000
Previous Sale Document Type: 71

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Normandy Isles

Stats & Trends

Median Asking:

$364,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

Average Home Size

2104 ft²

Average Home Age

62 years

Currently For Sale

82 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$5,500 /mo

1 Bed
1 Bath
820 ft²

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$7,000 /mo

3 Beds
2 Baths
1,700 ft²

6301 Collins Avenue #2603, Miami Beach, FL, 33141 Listing by Dustin Fealy

Unit for rent at 580 72nd Street, Miami Beach, FL, 33141

$4,500 /mo

1 Bed
1 Bath
466 ft²

580 72nd Street #1413, Miami Beach, FL, 33141 Listing by Edward Gurovich

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Caroline Puren
Compass Florida, LLC
Last Updated: 5 days ago
Data Source: Miami MLS, MLS# A12021733

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.