About This Home

This 3-bedroom, 3-bathroom single family at 295 NW 42nd St in Miami, FL is listed for $1,500,000 ($1,027 per sqft). Built in 1938, the home offers 1,460 sqft of living space on a 0.25 acres lot.

Key Features

  • Built in 1938
  • 0.25 acre lot
  • Fireplace

Property Details

1 story
3 full
1938

Amenities

FireplaceHardwoodA/C
Listing Description

A rare 10,800-square-foot double corner lot opportunity in a prime Miami location, offering both rental income and future redevelopment potential. The fully renovated 3-bedroom, 3-bath residence features an in-law suite, impact windows and doors, and lush, fenced grounds, providing a turnkey opportunity to generate income today.

The property's substantial lot size and two-lot configuration also offer the potential to redevelop into two single-family homes under T3-L zoning, subject to applicable approvals. Ideally located just three minutes from the Miami Design District and approximately five minutes from Wynwood and Midtown, the property offers convenient access to some of Miami's premier dining, shopping, and entertainment.

Recent nearby sales further underscore the area's land and redevelopment activity. A compelling opportunity for an investor, end user, or developer seeking immediate utility with longer-term redevelopment potential.

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

295 NW 42nd St

Miami, FL 33127

COLUMBIA PARK CORR PL

Features & Amenities

Interior Features

Dual SinksFireplace

Exterior Features

Patio

Property Details

Flooring

WoodTileHardwood

Construction

Block

Outdoor Features

Patio

Parking

Driveway

Heating

Central

Cooling

Window Unit(s)Wall/Window Unit(s)

Appliances

Dishwasher

Questions & Answers

This 3-bedroom, 3-bathroom single family at 295 NW 42nd St is listed at $1,500,000 ($1,027/sqft). The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1938, 0.25 acre lot, Fireplace. Interior Features: Dual Sinks, Fireplace. Exterior Features: Patio.

This property is listed by Carl Gambino.

CG

Carl Gambino

License 3473154

Agent at Compass Florida LLC

Listed by Compass Florida LLC · Broker phone: (305) 851-2820 · View on Broker Site · Broker website

MLS# A12095610· Source: Miami REALTORS®· 3 days on PropertySimple

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

295 NW 42nd St, Miami, FL 33127

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