About This Home

This 5-bedroom, 2-bathroom single family at 473 NE 61st St in Miami, FL is listed for $799,000 ($526 per sqft). Built in 1925, the home offers 1,520 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1925
  • 0.11 acre lot
  • Private pool
  • Fireplace

Property Details

1 story
2 full
1925

Amenities

PoolFireplaceA/C
Listing Description

CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami's most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate.

The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban - Restricted) under Miami 21, the property offers potential for future redevelopment, i

ncluding a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami's Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies.

Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.

Monthly Cost Estimate

$4,273/mo

20% down · 6.5% · 30 years

Principal$578
Interest$3,462
Insurance$233

Estimates only. Actual payments may vary.

Location

473 NE 61st St

Miami, FL 33137

LEMON CITY WHITES

Features & Amenities

Interior Features

Bedroom on Main LevelFirst Floor EntryFireplacePantry

Property Details

Flooring

LaminateVinyl

Construction

Frame Stucco

Pool Features

Pool

Parking

Driveway

Heating

Central

Cooling

Central Air

Appliances

DryerDishwasherElectric RangeMicrowaveRefrigeratorSelf Cleaning OvenWasher

Questions & Answers

This 5-bedroom, 2-bathroom single family at 473 NE 61st St is listed at $799,000 ($526/sqft). The estimated monthly payment is $4,273 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1925, 0.11 acre lot, Private pool, Fireplace. Interior Features: Bedroom on Main Level, First Floor Entry, Fireplace.

This property is listed by Fernando Rodriguez.

FR

Fernando Rodriguez

License 3482925

Agent at Douglas Elliman

Listed by Douglas Elliman · Broker phone: (561) 249-4808 · View on Broker Site · Broker website

MLS# A12082857· Source: Miami REALTORS®· 5 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.

473 NE 61st St, Miami, FL 33137

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