by RH Advisors

Check Availability
$4,885,000
Land - For Sale

459 NE 25th St

Miami, FL 33137
bedrooms
Studio
bathrooms
0 Bath
$29,788
Estimated Monthly
$0
HOA / Fees
-1.09%
Cap Rate

About This Property

EDGEWATER SHOVEL READY 61 UNIT DVELOPMENT SITE - The Porosoff Group of Compass Commercial is proud to present 459 NE 25th Street, the only shovel ready development site in the high growth Edgewater submarket. The property will be delivered with City of Miami Approved Plans, pending only the payment of the impact fees. 459 NE 25th Street is zoned T6-36A-L under Miami-21 zoning, which allows the approved 61 unit short term rental project.
Unit Size
-
Days on Market
44 days
Land Size
0.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$5,801
HOA Dues
-
Year Built
1932
Last updated: 2 months ago (Miami MLS #A11551339)

Price History

Date / Event Date Event Price
Mar 15, 2024 Listed by Compass Florida, LLC. $4,885,000
Listed by Compass Florida, LLC.
Apr 18, 2022 No longer available -
No longer available
Apr 18, 2022 Sold $1,950,000
Sold
Apr 8, 2022 In contract -
In contract
Jan 26, 2022 No longer available -
No longer available
Show More

Property Highlights

Exterior Details

Building Information

Building Name: WOFFORD & JOHNSONS RESUB
Other Structures: None
Building Area Units: Square Feet

Lot Information

Lot Features: No Misc/Improvements
Lot Size Units: Square Feet
Lot Size Acres: 0.2
Lot Size Square Feet: 8880
Financial Details
Tax Legal Description: WOFFORD & JOHNSONS RESUB PB 7-111 LOT 1 BLK 1 & E20FT LOT 2 BIRDS SUB PER PB 4-82 BLK 1 LOT SIZE 80.000 X 111 OR 20785-2647 11 2002 1
Tax Annual Amount: $69,613
Tax Year: 2023
Parcel Number: 01-32-30-024-0010
Property is Zoned: 4604

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1960
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Construction Type: Frame
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Slate
  • Floor Count: 2
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,880
  • Lot Size Depth Feet: 1,110
  • Lot Size Frontage Feet: 800
  • Total Building Area: 4,562
  • Gross Building Area: 4,562
  • Building Area: 4,562
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,562
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WOFFORD & JOHNSONS RESUB
  • Land Acres: 0.204
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: WOFFORD & JOHNSONS RESUB PB 7-111 LOT 1 BLK 1 & E20FT LOT 2 BIRDS SUB PER PB 4-82 BLK 1 LOT SIZE 80.000 X 111 OR 20785-2647 11 2002 1

Ownership

  • Current Owner : HABITUS EDGEWATER HF1-B LLC
  • Previous Owner : RAO
  • Previous Owner 2: ROWENA
  • Owner Before Previous Owner: BURK TEMA
  • Owner Before Previous Owner 2: GOLINSKY SUSAN
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI
  • Census Tract: 002707

Zoning

  • Zoning: 4604

Geography

  • Assessors Map Reference: 180
  • District: 01
  • Parcel: 01-3230-024-0010
  • Block: 1
  • Lot: 1,2
  • Meridian: SEC 30 TWN 53S RNG 42E
  • Municipality: MIAMI
  • Latitude: 25.8012
  • Longitude: -80.187

    Address

  • Full Address: 459 Ne 25th St
  • Address - House Number: 459
  • Street Direction: NE
  • Address - Street Name: 25th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Miami
  • Carrier Code: C056
  • 4-Digit Zip Code: 4718
  • Zip Code: 33137

Valuation

    Tax

  • Total Area: 4,042
  • Tax Year: 2023
  • Tax Amount: $69,613
  • Tax Rate Code Area: 100

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 3,965,915
  • High Value: 5,704,035
  • Low Value: 2,227,794

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,000,000
  • First Open Lien Mortgage Lender: CITY FIRST MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Feb 13, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $8,000,000
  • First Open Lien Mortgage Term: 18
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2024

    Market Valuation

  • Market Total Value: $1,657,500
  • Market Land Value: $1,656,500
  • Market Improvement Value: $1,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,657,500
  • Assessed Land Value: $1,656,500
  • Assessed Improvements Value: $1,000

    Sales

  • Current Sale Contract Date: Apr 08, 2022
  • Current Sale Recording Date: Apr 18, 2022
  • Current Sale Transaction ID: 11886447396
  • Current Sale Price: $1,950,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 316055
  • Previous Sale Recording Date: Sep 01, 2015
  • Previous Sale Contract Date: Aug 27, 2015
  • Previous Sale Amount: $1,195,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITY FIRST MORTGAGE CORP
  • First Mortgage Transaction Date: Apr 18, 2022
  • First Mortgage Loan Amount: $1,170,000
  • First Mortgage Terms: 36
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: May 01, 2025

    Previous Mortgages

  • Previous Mortgage Lender: NEW WAVE LOANS RESIDENTIAL LLC
  • Previous Mortgage Transaction Date: Sep 01, 2015
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 36
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Sep 01, 2018

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
1,896 ft²
$2,242/ft²
$4,250,000 Dec 1, 2023
$4,250,000 Jan 16, 2024
$1,672/mo
Condo
3 Beds
4 Baths
2,894 ft²
$1,330/ft²
$3,850,000 Feb 16, 2024
$3,850,000 Mar 12, 2024
$7,938/mo
Condo
3 Beds
4 Baths
2,720 ft²
$1,507/ft²
$4,100,000 Sep 12, 2022
$4,100,000 Mar 7, 2024
$140/mo
Condo
5 Beds
6 Baths
2,812 ft²
$1,494/ft²
$4,200,000 Dec 29, 2022
$4,200,000 Oct 20, 2023
$5,804/mo
Condo
4 Beds
6 Baths
3,796 ft²
$1,475/ft²
$5,600,000 Oct 27, 2023
$5,600,000 Dec 12, 2023
$4,745/mo
Commercial
Loft
-
-
$5,700,000 Nov 29, 2023
-
$4,400/mo
Condo
4 Beds
5 Baths
6,291 ft²
$762/ft²
$4,795,000 Sep 13, 2023
-
$7,027/mo
Condo
4 Beds
4.5 Baths
2,743 ft²
$1,750/ft²
$4,800,000 Feb 21, 2022
-
-
Condo
4 Beds
5 Baths
3,488 ft²
$1,433/ft²
$5,000,000 Jan 29, 2024
-
$10,150/mo
Condo
4 Beds
4.5 Baths
2,752 ft²
$1,708/ft²
$4,700,000 Feb 21, 2022
-
-
Condo
4 Beds
4.5 Baths
2,743 ft²
$1,713/ft²
$4,700,000 Feb 21, 2022
-
-
Condo
4 Beds
4.5 Baths
2,752 ft²
$1,853/ft²
$5,100,000 Feb 21, 2022
-
-

About Northern Miami


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Frequently Asked Questions

When was property at 459 Northeast 25th Street built and last sold?
The property at 459 Northeast 25th Street was built in 1932 and last sold on Apr 8, 2022 for $1,950,000.
How much is this home worth?
The estimated value of the home located at 459 Northeast 25th Street is $4,933,850.
What are some comparable homes to 459 Northeast 25th Street?
Homes that are comparable to 459 Northeast 25th Street include a commercial property at 321 Northeast 26th Street, a condo property at 777 Northeast 26th Terrace, 788 Northeast 23rd Street.

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