321 56th Avenue, Miami, FL 33126

$770,000 — Active

Property Features

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INVESTORS: rented to excellent tenants! Pristine, fully updated single-family compound in Miami’s urban core—5 mins to MIA & 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. Long-term leases: projected income is $6,200/mo, a 6.57% CAP rate. 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.

▼ Price Reduced — originally listed at $800,000

Property Details

  • Listing ID: A12035229
  • Status: Active
  • Listing Date: 2026-07-02
  • Property Type: Single Family Residence
  • Subdivision: IDEAL HOMES SUB NO 7
  • County: Miami-Dade
  • MLS Area: 2410
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Living Area Sq Ft: 1,345
  • Lot Dimensions: 6760
  • Year Built: 1955

Financial

  • List Price: $770,000
  • Original List Price: $800,000
  • HOA Fee: None
  • Taxes: $8,674/yr

Features & Amenities

  • View: Garden
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Parking: Circular Driveway, Driveway
  • Cooling: Central Air, Electric, Other, Zoned
  • Heating: Central, Electric
  • Flooring: Ceramic Tile, Laminate, Tile
  • Construction: Block
  • Roof: Shingle
  • Interior Features: Built-in Features, High Ceilings, Other, Bedroom Layout - Split, Bedroom Layout - Stacked, Closet Ca
  • Exterior Features: Lighting
  • Community Amenities: None, Sidewalks, Street Lights

Courtesy of Keller Williams Capital Realty
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RAPB

© 2026 Starfish Real Estate. Listings updated Nov 10, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.