Exceptional redevelopment opportunity in a rapidly appreciating area with strong upside potential. This is a triple option opportunity. Renovate the current structure which has an in-law quarter, use the current structure & plans to add a second story or rebuild completely. The choices are endless. The true value is this property is set on a sprawling 15,750 SQFT lot which is one of the largest in the entire area. This property delivers the size, scale, and positioning developers seek for a high-end build. A detailed front elevation rendering and thoughtfully designed interior concept images illustrate the vision and finished product of what the current owners had in mind. Opportunities with plans in place, significant lot size, and strong after-build comps are increasingly rare. If you’re searching for your investment or a place to call home in this desirable area, this is one not to miss. Recent comparable sales in the immediate area underscore the substantial profit potential and attractive margins available with this project.
Property Details
Price:
$874,000
MLS #:
A11971688
Status:
Active
Beds:
4
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
TROPICAL HIGHLANDS 3RD AD
Neighborhood:
tropicalhighlands3rdad
Listed Date:
Feb 25, 2026
Finished Sq Ft:
1,613
Total Sq Ft:
1,941
Year Built:
1955
See this Listing
Schools
Elementary School:
Banyan
Middle School:
Rockway
Interior
Appliances
Dishwasher, Electric Water Heater, Electric Range, Refrigerator, Washer
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Flooring
Tile
Heating
Central
Laundry Features
In Garage
Exterior
Architectural Style
Detached, One Story
Community Features
Paved Road, Public Road, Street Lights
Construction Materials
CBS Construction
Other Structures
Guest House
Parking Features
Circular Driveway, Covered
Roof
Other
Financial
Tax Year
2025
Taxes
$16,983
Map
Community
- Address8461 SW 38th St Miami FL
- SubdivisionTROPICAL HIGHLANDS 3RD AD
- CityMiami
- CountyMiami-Dade County
- Zip Code33155
Market Summary
Current real estate data for Single Family in Miami as of Mar 08, 2026
3,770
Single Family Listed
127
Avg DOM
579
Avg $ / SqFt
$1,632,820
Avg List Price
Property Summary
- Located in the TROPICAL HIGHLANDS 3RD AD subdivision, 8461 SW 38th St Miami FL is a Single Family for sale in Miami, FL, 33155. It is listed for $874,000 and features 4 beds, 3 baths, and has approximately 1,613 square feet of living space, and was originally constructed in 1955. The current price per square foot is $542. The average price per square foot for Single Family listings in Miami is $579. The average listing price for Single Family in Miami is $1,632,820.
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