473 61st Street, Miami, FL 33137

$799,000 — Active

Property Features

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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, including 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.

Property Details

  • Listing ID: A12082857
  • Status: Active
  • Listing Date: 2026-09-03
  • Property Type: Single Family Residence
  • Subdivision: LEMON CITY WHITES
  • County: Miami-Dade
  • MLS Area: 2320
  • Bedrooms: 5
  • Full Bathrooms: 2
  • Living Area Sq Ft: 1,520
  • Year Built: 1925

Financial

  • List Price: $799,000
  • HOA Fee: None
  • Taxes: $10,275/yr

Features & Amenities

  • View: Garden
  • 55+ Community (HOPA): Yes
  • Pets Allowed: Yes
  • Parking: Driveway
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Laminate, Vinyl
  • Construction: Frame, Stucco
  • Roof: Shingle
  • Interior Features: Pantry
  • Exterior Features: None
  • Community Amenities: Laundry

Courtesy of Douglas Elliman
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© 2026 Starfish Real Estate. 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.