337 48th Street, Miami, FL 33127

$1,200,000 — Active

Property Features

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Asking Price is firm unfortunately. Situated on an expansive 10,800 SQ. FT. LOT (75’ frontage) in Miami’s rapidly transforming Buena Vista neighborhood, this property presents an exceptional opportunity for investors and developers looking to capitalize on the area’s growing luxury residential market.The property features two separate structures. The rear structure is currently uninhabitable, while the existing two-story main residence is owner-occupied on the first floor. Four upstairs bedrooms are rented individually, generating a combined $2,400 in monthly rental income. 2 Mango & 2 Avocado trees line the west perimeter of the property. Classified as Single Family / Ancillary Unit, the property offers an exciting opportunity to reimagine the site with a luxury single-family residence, ancillary living quarters, swimming pool, outdoor entertainment areas, and additional recreational amenities. Newer luxury residences in the surrounding neighborhood have achieved sales prices exceeding $3 million, demonstrating the potential of this desirable location.Bring your architect, your contractor, and your vision. Opportunities to acquire a lot of this size in Buena Vista are increasingly compelling as the neighborhood continues to evolve.Property sold AS-IS. Seller requests 60-day post-closing occupancy. Buyer to independently verify zoning, permitted uses, development potential, existing improvements, and all property information.

Property Details

  • Listing ID: A12114700
  • Status: Active
  • Listing Date: 2026-10-28
  • Property Type: Single Family Residence
  • Subdivision: BUENA VISTA HEIGHTS EXTEN
  • County: Miami-Dade
  • MLS Area: 2310
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Living Area Sq Ft: 2,072
  • Year Built: 1935

Financial

  • List Price: $1,200,000
  • HOA Fee: None
  • Taxes: $11,291/yr

Features & Amenities

  • Parking: Covered
  • Cooling: Wall/Window Unit(s)
  • Heating: Window/Wall
  • Flooring: Other
  • Construction: Block
  • Roof: Shingle
  • Community Amenities: None

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© 2026 Starfish Real Estate. Listings updated Nov 10, 2026 2:03 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.