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$950,000

  • For Sale
  • Active
  • Commercial Land
  • 0.167 Acres
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Incredible opportunity to build a 3-story, 5,300 SF custom residence, multi family or family office with a rooftop terrace overlooking downtown Miami. Ideally located within walking distance to the beach, in a rapidly evolving and expanding neighborhood. A rare chance to create the ultimate modern Beach Loft in one of Miami's most promising enclaves. Zoned RO (Residential Office) allowing single-family, multi-family and mixed use, with a maximum FAR of 0.75 (~5,315 SF permitted) and height of 33 feet from DFE.

Full Property Details for 1240 71st St

General

  • Price: $950,000
  • Taxes: $16,510 (2025)
  • Status: Active
  • Type: Commercial Land
  • Source: Greater_Miami
  • MLS ID: A12021733
  • Updated: 5/27/2026
  • Added to Site: 46 day(s) ago

Location

  • Area: Oceanside Sec Isle Of Nor
  • County: Miami-Dade County
  • Subdivision: OCEANSIDE SEC ISLE OF NOR
  • Building Name: OCEANSIDE SEC ISLE OF NOR

Community

  • Community Name: Oceanside Sec Isle Of Nor

Utilities

  • Sewer: Public Sanitation
  • Water: Municipal Water
  • Utility Description: Sewer Connected, Underground Utilities, Water Connected, Other

Structural Information

  • Detached/Attached: Detached
  • Current Bldg. Use: Unimproved Business/Commercial, Unimproved Multi Family (5+Units), Unimproved Single Family (5+ Lots), Other Usage

Lot Features

  • Lot Size (Acres): 0.167
  • Lot Size (Sq. Ft.): 7,087
  • Lot Dimensions: 150 x 50
  • Frontage Feet: 150
  • Lot Features: Beach Area, Central Business District, City Location, Corner Location, Dirt, Less Than 1 Acre, Other Lot Description
  • Potential Use: Central Urban, Open Land, Professional
  • Zoning: 4800

Financial Considerations

  • Tax Amount: $16,510
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 2-3 10-11-53 42 PB 25-60 OCEAN SIDE SEC ISLE OF NORMANDY LOT 1 BLK 11 LOT SIZE 56.700 X 125
  • Property ID: 02-32-10-013-1570

Listed by Compass Florida, LLC

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Listing agent

— 1240 71st St —

  • Compass Florida, LLC

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 1240 71st St

School District:Dade County School District
NameGradesDistance
Treasure Island Elementary School
7540 East Treasure Drive, North Bay Village, FL 33141
PK-51 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.7 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-123.8 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 1240 71st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/21/2026
Listed
$950,000
26.67%
MLS
4/22/2025
Sold
$750,000
—
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 1240 71st St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,510
6%
$857,527
-7%
2024
$15,585
16%
$921,310
30%
2023
$13,392
1%
$708,700
—
2022
$13,316
-1%
$708,700
—
2021
$13,405
22%
$708,700
25%
2019
$10,987
3%
$566,960
—
2018
$10,649
5%
$565,967
—
2017
$10,165
4%
$566,960
21%
2016
$9,812
16%
$467,742
9%
2015
$8,467
-2%
$427,376
—
2014
$8,681
-19%
$427,296
-19%
2013
$10,759
—
$529,033
—
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 1240 71st St

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

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NMLS#: 1598647

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Listed by Compass Florida, LLC

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1240 71st St, Miami Beach, FL 33141 (MLS# A12021733) is a Commercial Land property with a lot size of 0.167 acres. 1240 71st St is currently listed for $950,000 and was received on May 21, 2026. Want to learn more about 1240 71st St? Do you have questions about finding other Commercial Land real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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