Developer’s Dream: Huge Miami Home in an Up-and-Coming Neighborhood with Buildable Lot Next Door Included !
Rare once-in-a-lifetime developer special in one of Miami’s fastest-rising neighborhoods. This oversized 2,800 sq. ft. single-family home with garage sits directly across from an elementary school, offering strong appeal for future homeowners or tenants.
What makes this opportunity truly exceptional is the deed-included adjacent lot, zoned for single-family construction. You’re getting two properties in one deal—renovate and modernize the existing spacious home while building a brand-new single-family residence next door, or hold both as the area continues to appreciate.
The main home is solid with generous layout but ready for modern updates. The roof is borderline, priced accordingly, making this a clear investor and developer opportunity with major upside.
Opportunities like this are rarely available in Miami: a huge house, a buildable lot, and a growing neighborhood all in one package. Ideal for redevelopment, resale, or long-term investment. Bring your vision and maximize the potential.
Rare once-in-a-lifetime developer special in one of Miami’s fastest-rising neighborhoods. This oversized 2,800 sq. ft. single-family home with garage sits directly across from an elementary school, offering strong appeal for future homeowners or tenants.
What makes this opportunity truly exceptional is the deed-included adjacent lot, zoned for single-family construction. You’re getting two properties in one deal—renovate and modernize the existing spacious home while building a brand-new single-family residence next door, or hold both as the area continues to appreciate.
The main home is solid with generous layout but ready for modern updates. The roof is borderline, priced accordingly, making this a clear investor and developer opportunity with major upside.
Opportunities like this are rarely available in Miami: a huge house, a buildable lot, and a growing neighborhood all in one package. Ideal for redevelopment, resale, or long-term investment. Bring your vision and maximize the potential.
Property Details
Price:
$699,000
MLS #:
A11946637
Status:
Active Under Contract
Beds:
3
Baths:
2.5
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
HOME OWNERS PARADISE
Neighborhood:
homeownersparadise
Listed Date:
Jan 16, 2026
Finished Sq Ft:
2,777
Total Sq Ft:
2,827
Year Built:
1972
See this Listing
Schools
Elementary School:
Lorah Park
Middle School:
Miami Springs
High School:
Miami Springs
Interior
Appliances
Dishwasher, Refrigerator
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Ceiling Fan(s), Central Air
Flooring
Tile
Heating
Central
Laundry Features
Utility Room/Laundry
Exterior
Architectural Style
Detached, One Story
Community Features
None
Construction Materials
CBS Construction
Parking Features
Driveway
Roof
Barrel Roof
Financial
Tax Year
2025
Taxes
$9,435
Map
Community
- Address4990 NW 31st Ave Miami FL
- SubdivisionHOME OWNERS PARADISE
- CityMiami
- CountyMiami-Dade County
- Zip Code33142
Market Summary
Current real estate data for Single Family in Miami as of Mar 16, 2026
3,764
Single Family Listed
129
Avg DOM
578
Avg $ / SqFt
$1,625,974
Avg List Price
Property Summary
- Located in the HOME OWNERS PARADISE subdivision, 4990 NW 31st Ave Miami FL is a Single Family for sale in Miami, FL, 33142. It is listed for $699,000 and features 3 beds, 3 baths, and has approximately 2,777 square feet of living space, and was originally constructed in 1972. The current price per square foot is $252. The average price per square foot for Single Family listings in Miami is $578. The average listing price for Single Family in Miami is $1,625,974.
Similar Listings Nearby
4990 NW 31st Ave
Miami, FL