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(772) 247-7110
Paradise Realty FLA
768 NE 72nd Street, Miami, FL 33138
- $2,150,000
- 5
- BD
- 5
- BA
- 2,931
- SqFt
- List Price
- $2,150,000
- Price Change
- ▼ $40,000 1793661649
- MLS#
- A12113805
- Bedrooms
- 5
- Bathrooms
- 5
- Sq. Ft
- 2,931
- Subtype
- Single Family Residence
- County
- Miami-Dade
- Subdivision
- Washington Place
- Region
- 2320
- Year Built
- 1925
Property Description
RARE OPPORTUNITY IN A DESIRABLE MIAMI HISTORIC NEIGHBORHOOD! Located on a quiet dead-end street, just 2 blocks from the waterfront and park, near seven new luxury waterfront estates reportedly priced from $8M-$18M.NOT A TEARDOWN! This fully livable, currently occupied home has a solid existing structure and exterior. Selling with approved renovation plans and permits to transform the property into an approximately 3,350 SF, 5-bedroom, 5-bathroom luxury residence with only a small addition.SAVE NEARLY TWO YEARS OF APPROVALS! Navigating the strict historic district requirements took nearly two years. The next owner benefits from this extensive work already completed, subject to permit status and transfer requirements.The property features a beautiful pool built just a few years ago, mature trees, lush landscaping and a private tropical setting.Nearby renovated homes have reportedly sold for $1,100-$1,300/SF, suggesting a projected after-renovation value of $3.7M-$4M, depending on finishes and market conditions. Ideal for investors or end users seeking a luxury renovation opportunity in a rapidly appreciating neighborhood.PHOTO DISCLOSURE: Front exterior image is digitally edited to illustrate the proposed post-renovation appearance, not the home's current condition. Actual results may vary.
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Additional Information
- Heating
- None
- Cooling
- Central Air
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public
- Exterior Features
- Awning(s)
- Flooring
- Wood
- Construction
- Block, Frame, Stucco
- Living Area
- 2,931
- Pool
- Yes
- Elementary School
- Morningside K-8 Academy (Miami-Dade)
- Middle School
- Horace Mann
- High School
- Miami Edison
Listing courtesy of Signature Realty LLC. Contact: