Price Reduction - Views
Address
321 Nw 56th Av, Miami, FL
Price
$ 770,000
Property Attributes
- MLS#A12035229
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityMiami
- Area41
- NeighborhoodIDEAL HOMES SUB NO 7
- Zip33126
- Style
- Year Built1955
- Taxes$ 8674
- Price$ 770,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1345
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
INVESTORS & HOMEBUYERS! Pristine, fully updated single-family compound in Miami’s urban core—5 mins to MIA and near Coral Gables, Brickell, Coconut Grove, Wynwood, the cruise terminal and beaches. This property features a modern 3-bedroom, 1-bathroom primary residence plus flexible separate living quarters, offering a high-yield investment or a versatile multi-generational estate. Live in the primary home and keep family close, use the additional space as private guest suites, or utilize them for solid income potential. The roof is brand new (=lower property insurance), and everything else is like-new including A/C, plumbing, electric, hurricane impact windows and doors. The primary home features a bright open layout, a chef’s kitchen with cabinets to the ceiling, laundry room, and an upgraded bath with a fresh feel. The exterior boasts luxury travertine tile accents, a secure side gate for boat parking, a massive circular and another driveway with parking for up to 7 cars, and a separate 90 sq ft unfinished side storage room offering additional potential to expand your income or living space. For investors, this turnkey gem is a cash-flow goldmine with uncapped flexibility. On long-term leases, projected income is $6,200/mo, a true 6.57% CAP rate. For Airbnb use, it is projected to gross $90K–$120K+/yr with 10.47% CAP rate, heavily driven by its premium airport proximity. This pristine and centrally located compound offers unmatched value for investors and end users alike.
| Elementary School | Middle School | High School |
|---|---|---|
| Flagler; Henry M. Elementary School | Kinlock Park Middle School | South Miami High School |
| Price History | |
|---|---|
| 7/3/2026 | Listed $800,000 |
| 8/24/2026 | 4$770,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Electric |
| Cooling | Central Air,Electric,Other,Zoned |
| Utilities | Cable Available |
| Possession | Closing & Funding |
| Roof | Shingle |
| Appliances | Dryer,Dishwasher,Electric Range,Electric Water Heater,Microwave,Other,Refrigerator,Washer |
| Patio/Porch Features | Open,Porch |
| Architectural Style | Detached,One Story |
| Pool Features | None |
| Restrictions | No Restrictions,OK To Lease |
| Construction Materials | Block |
| Pets Allowed | Cats OK,Dogs OK,Yes |
| Year Built | 1955 |
| View | Garden |
| Stories Count | 1 |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Community Features | Street Lights,Sidewalks |
| County | Miami-Dade |
| Property Type | Residential |
| Subdivision Name | IDEAL HOMES SUB NO 7 |
| Facing Direction | Northwest |
| Garage Y/N | false |
| Other Structures | Shed(s) |
| Full Baths | 3 |
| Status | Active |
| High School | South Miami |
| City | Miami |
| Senior Community Y/N | false |
| Zoning Description | 5700 |
| MLS Area | 41 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6760 |
| Carport Y/N | false |
| Listing Terms | Cash,Conventional,FHA |
| Elementary School | Flagler; Henry M. |
| Year Built Details | Effective Year Built |
| Tax Annual Amount | 8674 |
| Middle/Junior High School | Kinlock Park |
| Property Condition | Updated/Remodeled |
| Lease Considered Y/N | true |
| Virtual Tour | https://www.zillow.com/view-imx/8c0d3064-7de5-4e6e-aa8e-0aa09bde6d0e?setAttribution=mls&wl=true&initialViewType=pano |
| Standard Status | Active |
| Occupancy Type | Call Agent |
| Property Sub Type Additional | Single Family Residence |
| Expected Active Date | 2026-07-08 |
| PostalCity | Miami |
| Legal Description | IDEAL HOMES SUB NO 7 PB 61-13 LOT 7 BLK 1 LOT SIZE 65.000 X 104 |
Interior Features
| Interior Amenities | Built-in Features,Bedroom on Main Level,Closet Cabinetry,Eat-in Kitchen,First Floor Entry,High Ceilings,Living/Dining Room,Split Bedrooms,Shower Only,Stacked Bedrooms,Attic |
|---|---|
| Flooring | Ceramic Tile,Laminate,Tile |
| Furnished Y/N | Unfurnished |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Impact Glass |
| Total Bedrooms | 4 |
| LivingAreaSource | Appraiser |
| Total Baths | 3 |
Exterior Features
| Exterior Amenities | Fence,Fruit Trees,Lighting,Porch,Room For Pool,Shed,Security/High Impact Doors |
|---|---|
| Parking Features | Circular Driveway,Driveway |
| Lot Features | < 1/4 Acre |
| Water Source | Public |
| Lot Size Area | 6760 |
| Building Area Total | 1702 |
| Waterfront Y/N | false |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33126
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on September 18, 2026 11:56 AM UTC
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Data Last Updated: September 18, 2026 11:47 AM UTC
