Basic Information

  • MLS # A11971688
  • Type Single Family Home
  • Subdivision/Complex Tropical Highlands 3rd Ad
  • Year Built 1955
  • Total Sqft 15,750
  • Date Listed 02/26/2026
  • Days on Market 3
Description

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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool Yes
  • Parking Description Circular Driveway, Covered
  • Exterior Features Fence, Porch

Interior Features

  • Adjusted Sqft 1,613Sq.Ft
  • Interior Features Bedroom On Main Level, First Floor Entry, Living Dining Room, Workshop
  • Sqft 1,613 Sq.Ft

Property Features

  • Aprox. Lot Size 15,750
  • Furnished Info No
  • Lot Description Quarter To Half Acre Lot
  • Short Sale Regular Sale
  • HOA Fees N/A
  • Subdivision Complex
  • Subdivision Info Tropical Highlands 3rd Ad
  • Tax Amount $16,983
  • Tax Year 2025

8461 SW 38th St

Miami, FL 33155

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