$475,000
●
Land -
Off Market
159 NW 158th Street
Miami, FL 33169
Studio
0 Bath
$3,021
Est. Monthly
About This Property
Discover a rare investment opportunity in Biscayne Gardens, Miami
Dade Unincorporated. This 17,806.8 sq. ft. lot offers various
development options. Located minutes from I-95, the Turnpike,
Palmetto Expressway, 10 minutes from Aventura Mall, and 15 minutes
from the beach, it's a developer's dream. Tentative plat approval
allows for two parcels: Lot #1 (8,898.69 sq. ft.) and Lot #2
(8,914.28 sq. ft.), each approved for 2,000 sq. ft. single-family
homes. Explore duplex potential via the Workforce Housing Program
(consult attorney) or build a single home on the full lot. No HOA
or easements. This versatile property offers unmatched potential in
a vibrant, rapidly growing Miami area. Act now!
Unit Size
-
Days on Market
82 days
Land Size
0.41 acres
Price per sqft
-
Property Type
Land
Property Taxes
$443
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 10 months ago (Beaches MLS #F10472017)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Jan 18, 2025 | In contract | - | |
| In contract | |||
| Dec 8, 2024 | Listed by P & I Florida LLC | $525,000 | |
| Listed by P & I Florida LLC | |||
| | |||
|
Discover a rare investment opportunity in Biscayne Gardens, Miami Dade Unincorporated. This 17,806.8 sq. ft. lot offers various development options. Located minutes from I-95, the Turnpike, Palmetto Expressway, 10 minutes from Aventura Mall, and 15 minutes from the beach, it’s a developer’s dream. Tentative plat approval allows for two parcels: Lot #1 (8,898.69 sq. ft.) and Lot #2 (8,914.28 sq. ft.), each approved for 2,000 sq. ft. single-family homes. Explore duplex potential via the Workforce Housing Program (consult attorney) or build a single home on the full lot. No HOA or easements. This versatile property offers unmatched potential in a vibrant, rapidly growing Miami area. Act now!
| |||
| Jun 16, 2023 | No longer available | - | |
| No longer available | |||
| Jun 12, 2023 | Sold | ||
| Sold | |||
Show More
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Golden Glades
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Listed by: Leonardo Benatar
P & I Florida LLC
Last Updated: 10 months ago
Data Source: Beaches MLS, MLS# F10472017
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
P & I Florida LLC
Last Updated: 10 months ago
Data Source: Beaches MLS, MLS# F10472017
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