150 NE 59th Street, Miami, FL 33137 (MLS# A12063358)

150 NE 59th Street, Miami, FL 33137

$1,695,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12063358

Property Type: Land & Docks Lot Size (sq. ft.): 5,552 Status: Active

Current Price: $1,695,000 List Date: 7/31/2026 Last Modified: 10/01/2026

Overview

Description

Prominent corner property directly on NE 59th Street. This 5,552 square foot corner lot is zoned T5-R, permitting development up to 5 stories and 8 units, with an estimated 17,825 buildable square feet under Miami 21 zoning guidelines. The parcel offers corner exposure, across from a school and the Laundromat Art Space and sits adjacent to a church occupying the remaining section of the block fronting Northeast 2nd Avenue, providing a strategic corner position within the surrounding urban footprint. Located within a designated Opportunity Zone one block from the Magic City Innovation District and near the planned Tri-Rail Station corridor, it benefits from strong transit-oriented proximity. The property currently generates approximately $7,000 in gross monthly rental income and features four residential units where each unit includes a private backyard, separate address, independent utilities, impact windows, 4 water meters, and 4 FPL meters. The property is positioned in flood zone X, ... (Read more)

Listing Details MLS# A12063358

General Property Information

Property Sub Type: Unimproved Land
Lot Size Acres: 0.13
Lot Size Square Feet: 5552
Lot Size Dimensions: 0.13
Lot Depth: 93
Lot Frontage: 60
LP/SqFt: 305.3

Property Features

Comprehensive Plan Use: Central Urban Current Use: Other Environmental Audit: None Location of Property: City Location; Corner Lot; Near School; Urban Area Development Possession: Subject To Tenant Rights Sewer: Public Sewer Special Information: City Jurisdiction Utilities: Electricity Available; Sewer Available; Water Available; Trash Removal Lot Features: Regular Lot Road Frontage Type: Easement; Public Road Water Source: Public Showing Requirements: Call Listing Agent; Showing Service

Contract Information

Comp Sale YN: No
Original List Price: 1750000
LP/Acre: 13038461.54
LP/Frontage: 28250

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 150
Street Direction Prefix: NE
Street Name: 59th
Street Suffix: Street
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33137
Postal Code +4: 2006
Postal Zip: 33137
Subdivision Name: DIXIE HIGHWAY TRACK
Area: 2310
Middle Or Junior School: Jose De Diego
High School: Miami Edison
Parcel Number: 0131130651640
Subdivision Number: 65
Zoning: T5-R
Flood Zone: X

Financial Information

Tax Year: 2025
Tax Annual Amount: 7450
Tax Legal Description: DIXIE HIGHWAY TR PB 5-24 LOT 10 BLK 11 73R-20732 LOT SIZE 59.700 X 93 COC 24192-3349 01 2006 1

Status Change Information

Major Change Timestamp: 2026-09-09T22:30:04Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-09T22:30:04Z
Status Change Date: 2026-07-31

More Information

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Scheduled Income: 82800

Price Calculations

Current Price To SqFt: 299.32

Section Details

Parcel Number MLX: 1640

Originating Details

Originating System Key: 539306549
Originating System ID: M00000151

Listing Office: Beachfront Realty Inc

Last Updated: October - 01 - 2026

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