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$1,480,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,896 Sq. Ft.
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531 NE 55th Terrace is a unique opportunity to renovate a historic home in coveted Morningside. Already gutted and stripped down to the studs, this 1,900 square foot 3 bed plus garage is the ideal canvas for an end user or developer to execute their vision. One can also expand the house another ~985 square feet, create a second story and add a pool. Buyer to confirm all zoning possibilities with their own architect. *All new windows + doors have been purchased, are already on site and included in the sale. All advertised renderings are virtual and for marketing purposes only.

Full Property Details for 531 NE 55th Terrace

General

  • Price: $1,480,000
  • Taxes: $26,248 (2024)
  • Status: Active
  • Type: Single Family
  • Source: Greater_Miami
  • MLS ID: A11864952
  • Updated: 8/25/2025
  • Added to Site: 144 day(s) ago

Interior

  • Interior Features: First Floor Entry, Florida Room
  • Flooring: Ceramic Floor, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3
  • Bedroom Features: Other

Other Rooms

  • Living Room: Florida Room Sq. Ft.

Additional Information

  • Equipment: No Equipment

Exterior

  • Deck/Patio: Deck

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Driveway

Location

  • Area: Bayshore Unit No 3
  • County: Miami-Dade County
  • Subdivision: BAYSHORE UNIT NO 3
  • Building Name: BAYSHORE UNIT NO 3
  • Direction Faces: South

School Information

  • Middle School: Horace Mann
  • High School: Miami Edison

Community

  • Community Name: Bayshore Unit No 3
  • Gated community: Yes
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Other
  • Heating Type: Other

Utilities

  • Sewer: Public Sewer
  • Water: Municipal Water

Structural Information

  • Architectural Style: Attached, One Story
  • Structure Type: R30-No Pool/No Water, House
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Other
  • Building Size: 2388
  • Square Feet: 1,896
  • Living Area: 1,896 Sq. Ft.
  • Year Built: 1938

Lot Features

  • Property View: None
  • Lot Size (Sq. Ft.): 6,540
  • Lot Features: Less Than 1/4 Acre Lot
  • Zoning: 100

Financial Considerations

  • Price Per Sq. Ft.: $780.59
  • Tax Amount: $26,248
  • Tax Year: 2024
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: BAYSHORE UNIT NO 3 PB 12-50 LOT 14 BLK 25 LOT SIZE 60.000 X 109 OR 11857-2038 0783 4
  • Restrictions: See Broker Remarks
  • Property ID: 01-32-18-037-0710

Listed by Compass Florida, LLC

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Listing agent

— 531 NE 55th Terrace —

  • 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 531 NE 55th Terrace

School District:Dade County School District
NameGradesDistance
Morningside K-8 Academy
6620 Northeast 5th Avenue, Miami, FL 33138
PK-50.7 mi
Horace Mann Middle School
8950 Nw 2nd Ave, El Portal, FL 33150
6-82.3 mi
Miami Edison Senior High School
6161 Northwest 5th Court, Miami, FL 33127
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 531 NE 55th Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/25/2025
Listed
$1,480,000
12.98%
MLS
6/29/2023
Sold
$1,310,000
—
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 531 NE 55th Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2024
$24,454
3%
$1,203,033
15%
2023
$23,628
41%
$1,044,947
45%
2022
$16,751
22%
$721,511
29%
2021
$13,749
—
$558,790
-1%
2021
$13,749
-1%
$565,922
—
2019
$13,834
83%
$566,332
77%
2018
$7,562
1%
$319,686
2%
2017
$7,509
3%
$313,111
2%
2016
$7,263
-7%
$306,671
1%
2015
$7,787
13%
$304,540
1%
2014
$6,897
2%
$302,124
1%
2013
$6,789
—
$297,660
—
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.

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

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with our affiliated lender
NMLS#: 1598647

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Listed by Compass Florida, LLC

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531 NE 55th Ter, Miami, FL 33137 (MLS# A11864952) is a Single Family property with 3 bedrooms and 2 full bathrooms. 531 NE 55th Ter is currently listed for $1,480,000 and was received on August 25, 2025. Want to learn more about 531 NE 55th Ter? Do you have questions about finding other Single Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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