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$749,000
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Property Description
Turnkey Income-Producing Duplex! Don't miss this exceptional investment opportunity in the growing Biscayne Court area of Miami. This well-kept duplex consists of two spacious 2-bedroom, 2-bath residences, each featuring central air conditioning, tile floors, in-unit washer and dryer, separate electric meters, and private entrances. Currently fully leased with stable rental income of $4,400 per month ($2,250 and $2,150), offering immediate cash flow from day one. The property is ideally situated just off Biscayne Boulevard near Whole Foods, shopping centers, restaurants, universities, parks, and major commuter routes, making it highly desirable to tenants. Its central location provides convenient access to Downtown Miami, Miami Shores, North Miami, Aventura, and beautiful beaches. Whether you're a seasoned investor completing a 1031 exchange or a buyer seeking to offset your mortgage by occupying one unit while renting the other, this duplex represents an outstanding opportunity in a high-demand rental market with strong long-term appreciation potential.
Full Property Details
Full Property Details for 1429 NE 118th Terrace
General
- Price: $749,000
- Taxes: $9,094 (2025)
- Status: Active
- Type: Duplex
- Source: Greater_Miami
- MLS ID: A12053910
- Updated: 7/17/2026
- Added to Site: 40 day(s) ago
Rental Information
- Rent Includes: None
Interior
- Flooring: Tile
Parking
- Total Spaces: 6
Location
- Area: Biscayne Court
- County: Miami-Dade County
- Subdivision: BISCAYNE COURT
- Building Name: BISCAYNE COURT
Community
- Community Name: Biscayne Court
- Units Assoc/Comm: 2
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Other
Structural Information
- Architectural Style: Attached
- Structure Type: Duplex
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Shingle
- Stories/Levels: 1
- Building Size: 1892
- Square Feet: 1,820
- Living Area: 1,820 Sq. Ft.
- Year Built: 1971
Unit Information
- Units in Complex: 2
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 5700
Financial Considerations
- Price Per Sq. Ft.: $411.54
- Tax Amount: $9,094
- Tax Year: 2025
- Terms: Conventional, FHA, FHA-Va Approved, VA Loan
Disclosures and Reports
- Documents Avail.: None
- Legal Description: BISCAYNE COURT PB 12-8 LOT 18 BLK 5 LOT SIZE 50.00 X 140.00 OR 19259-1988 08 2000 1
- Property ID: 30-22-32-020-0800
Listed by Casanova International Realty
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Schools
Schools serving 1429 NE 118th Terrace
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
David Lawrence Jr. K-8 Center 15000 Bay Vista Boulevard, North Miami, FL 33181 | PK-5 | 2.4 mi |
North Miami Middle School 700 Northeast 137th Street, North Miami, FL 33161 | 6-8 | 1.4 mi |
Alonzo And Tracy Mourning Senior High Biscayne Bay Campus 2601 Ne 151st St, Miami, FL 33160 | 9-12 | 2.6 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 1429 NE 118th Terrace
Date
Details
Price
Change
Source
7/16/2026
Listed
$749,000
25.88%
MLS
10/22/2024
Sold
$595,000
—
Public Record
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
Tax History for 1429 NE 118th Terrace
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,474
3%
$475,551
-7%
2024
$9,195
7%
$513,093
-1%
2023
$8,574
30%
$515,845
62%
2021
$6,619
-10%
$319,164
-21%
2022
$7,373
11%
$402,678
60%
2021
$6,619
39%
$252,019
18%
2019
$4,774
21%
$213,179
28%
2018
$3,934
8%
$166,597
8%
2017
$3,635
8%
$154,555
12%
2016
$3,365
11%
$137,684
34%
2015
$3,029
13%
$102,469
10%
2014
$2,673
8%
$93,154
10%
2013
$2,476
—
$84,686
—
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
Estimate the Cost for 1429 NE 118th Terrace
1429 NE 118th Ter, Miami, FL 33161 (MLS# A12053910) is a Duplex property with 0 bedrooms and 0 full bathrooms. 1429 NE 118th Ter is currently listed for $749,000 and was received on July 16, 2026. Want to learn more about 1429 NE 118th Ter? Do you have questions about finding other Duplex real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

