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$874,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 4 Beds
  • 3 Full Baths
  • 1,613 Sq. Ft.
  • Updated 4 days ago
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Exceptional redevelopment opportunity in a rapidly appreciating area with strong upside potential. This is a triple option opportunity. Renovate the current structure which has an in-law quarter, use the current structure & plans to add a second story or rebuild completely. The choices are endless. The true value is this property is set on a sprawling 15,750 SQFT lot which is one of the largest in the entire area. This property delivers the size, scale, and positioning developers seek for a high-end build. A detailed front elevation rendering and thoughtfully designed interior concept images illustrate the vision and finished product of what the current owners had in mind. Opportunities with plans in place, significant lot size, and strong after-build comps are increasingly rare. If you're searching for your investment or a place to call home in this desirable area, this is one not to miss. Recent comparable sales in the immediate area underscore the substantial profit potential and attractive margins available with this project.

Full Property Details for 8461 SW 38th St

General

  • Price: $874,000
  • Taxes: $16,983 (2025)
  • Status: Active
  • Type: Single Family
  • Source: Greater_Miami
  • MLS ID: A11971688
  • Updated: 2/26/2026
  • Added to Site: 6 day(s) ago

Interior

  • Interior Features: First Floor Entry, Family Room, Separate Guest/In-Law Quarters, Maid/In-Law Quarters, Utility/Laundry In Garage, Workshop
  • Appliances: Dishwasher, Electric Water Heater, Electric Range, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4
  • Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level

Other Rooms

  • Living Room: Family Room, Separate Gues Sq. Ft.
  • Dining Room: Dining/Living Room
  • Laundry: In Garage

Additional Information

  • Pool: Yes
  • Pool Description: In Ground, 20x40

Exterior

  • Deck/Patio: Open Porch

Parking

  • Carport Spaces: 1
  • Covered Spaces: 1
  • Parking Features: Circular Driveway, Covered

Location

  • Area: Tropical Highlands 3rd Ad
  • County: Miami-Dade County
  • Subdivision: TROPICAL HIGHLANDS 3RD AD
  • Building Name: TROPICAL HIGHLANDS 3RD AD
  • Direction Faces: South

School Information

  • Elementary School: Banyan
  • Middle School: Rockway

Community

  • Community Name: Tropical Highlands 3rd Ad
  • Pets Allowed: Yes

Heating & Cooling

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

Utilities

  • Sewer: Septic Tank
  • Water: Municipal Water

Structural Information

  • Architectural Style: Detached, One Story
  • Structure Type: Pool Only, House
  • Detached/Attached: Detached
  • Construction: CBS Construction
  • Roof: Other
  • Building Size: 1941
  • Square Feet: 1,613
  • Living Area: 1,613 Sq. Ft.
  • Year Built: 1955

Additional Structures

  • Other Structures: Guest House

Lot Features

  • Property View: Garden, Other, Pool
  • Lot Size (Sq. Ft.): 15,750
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Zoning: 100
  • Fencing (Description): Fenced

Financial Considerations

  • Price Per Sq. Ft.: $541.85
  • Tax Amount: $16,983
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: TROPICAL HIGHLANDS 3RD ADDN LOT 11 LESS WLY371/2FT & ALL LOT 12 BLK 17 PB 59-12 LOT SIZE 112.500 X 140 CF 75R-88890 OR 17947-1471 0198 4
  • Restrictions: No Restrictions
  • Property ID: 30-40-15-007-0110

Listed by RE/MAX Advance Realty

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— 8461 SW 38th St —

  • RE/MAX Advance Realty

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 8461 SW 38th St

School District:Dade County School District
NameGradesDistance
Banyan Elementary School, Miami, FL
3060 Southwest 85th Avenue, Miami, FL 33155
PK-50.4 mi
Rockway Middle School
9393 Southwest 29th Terrace, Miami, FL 33165
6-81 mi
Southwest Miami Senior High School
8855 Southwest 50th Terrace, Miami, FL 33165
9-120.9 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 8461 SW 38th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/25/2026
Listed
$874,000
17.32%
MLS
5/17/2024
Sold
$745,000
—
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 8461 SW 38th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,983
778%
$958,028
397%
2024
$1,935
-36%
$192,613
3%
2023
$3,016
2%
$187,003
6%
2021
$2,943
-1%
$176,761
-3%
2022
$2,963
1%
$182,063
4%
2021
$2,943
4%
$174,321
9%
2019
$2,832
91%
$159,814
2%
2018
$1,485
-1%
$156,835
2%
2017
$1,495
-25%
$153,610
2%
2016
$1,987
31%
$150,451
1%
2015
$1,518
-3%
$149,406
1%
2014
$1,564
1%
$148,221
1%
2013
$1,547
—
$146,031
—
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 RE/MAX Advance Realty

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8461 SW 38th St, Miami, FL 33155 (MLS# A11971688) is a Single Family property with 4 bedrooms and 3 full bathrooms. 8461 SW 38th St is currently listed for $874,000 and was received on February 25, 2026. Want to learn more about 8461 SW 38th St? 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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