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$2,250,000 -$300,000 (-11.76%) Price Reduced

  • For Sale
  • Active
  • Commercial Land
  • 0.69 Acres
  • Updated 21 hours ago
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Incredible value-add and development opportunity in a high-growth area! This 9-unit multifamily generates $7,971/month at 97% occupancy, offering strong cash flow. Includes a $300K transferable Affordable Housing Grant and $80K in recent capital improvements, Brand new roof (2025), impact windows (2025), and doors (2025). Additional: 24,000 SF adjacent vacant lot approved for 30 units, ideal for portfolio expansion or ground-up development. Zoned for flexibility and positioned for future growth. Rare opportunity for investors seeking stable income, upside potential, or both. Remarks are not guaranteed and should not be relied upon as representations or warranties, express or implied. Seller Financing Available!

Full Property Details for 1427 NW 2nd Ave

General

  • Price: $2,250,000
  • Taxes: $7,150 (2024)
  • Status: Active
  • Type: Commercial Land
  • Source: Greater_Miami
  • MLS ID: A11850691
  • Updated: 7/16/2026
  • Added to Site: 349 day(s) ago

Location

  • Area: Coral Bay Manor
  • County: Miami-Dade County
  • Subdivision: CORAL BAY MANOR
  • Building Name: CORAL BAY MANOR

Community

  • Community Name: Coral Bay Manor

Utilities

  • Sewer: None
  • Water: Municipal Water
  • Utility Description: Electricity Connected, Sewer Connected, None

Structural Information

  • Detached/Attached: Detached
  • Current Bldg. Use: Unimproved Multi Family (5+Units)

Lot Features

  • Lot Size (Acres): 0.69
  • Lot Size (Sq. Ft.): 30,000
  • Lot Dimensions: 90 x 80
  • Frontage Feet: 90
  • Lot Features: Corner Lot, Less Than 1 Acre
  • Potential Use: None
  • Zoning: 3000

Horse Property

  • Horse Property: Yes
  • Horse Facility Desc.: WasherDryerHookup

Financial Considerations

  • Tax Amount: $7,150
  • Tax Year: 2024
  • Terms: All Cash, Conventional, Cryptocurrency, Owner Will Carry

Disclosures and Reports

  • Legal Description: 24 57 38 CORAL BAY MANOR PB 57-40 LOTS 14 & 15 BLK 3 LOT SIZE12000 SQ FT M/L
  • Property ID: 16-78-24-020-0550

Listed by Compass Florida, LLC

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Listing agent

— 1427 NW 2nd Ave —

  • Compass Florida, LLC

954-439-8865

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1427 NW 2nd Ave

School District:Dade County School District
NameGradesDistance
Laura C. Saunders Elementary School
505 Southwest 8th Street, Homestead, FL 33030
PK-50.3 mi
Homestead Middle School
650 Northwest 2nd Avenue, Homestead, FL 33030
6-81.1 mi
Homestead Senior High School
2351 Southeast 12th Avenue, Homestead, FL 33034
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1427 NW 2nd Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/16/2026
Price Reduced
$2,250,000
-11.76%
MLS
9/24/2025
Price Reduced
$2,550,000
-3.77%
MLS
8/02/2025
Listed
$2,650,000
783.33%
MLS
2/12/2016
Sold
$300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1427 NW 2nd Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,606
6%
$313,205
-30%
2024
$7,150
11%
$446,976
16%
2023
$6,452
31%
$386,453
81%
2021
$4,914
-16%
$213,925
-37%
2022
$5,872
19%
$338,528
58%
2021
$4,914
4%
$214,000
4%
2019
$4,742
2%
$206,516
—
2018
$4,642
9%
$205,882
10%
2017
$4,261
8%
$187,166
10%
2016
$3,951
8%
$170,682
10%
2015
$3,660
—
$155,639
3%
2014
$3,664
—
$150,675
—
2013
$3,659
—
$150,750
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1427 NW 2nd Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Compass Florida, LLC

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1427 NW 2nd Ave, Florida City, FL 33034 (MLS# A11850691) is a Commercial Land property with a lot size of 0.69 acres. 1427 NW 2nd Ave is currently listed for $2,250,000 and was received on August 02, 2025. Want to learn more about 1427 NW 2nd Ave? Do you have questions about finding other Commercial Land real estate for sale in Florida City? You can browse all Florida City real estate or contact a Coldwell Banker agent to request more information.

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