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3 Beds
1 Bath
1,256 sqft

$1,275,000

287 NW 31st St, Miami FL, 33127

Price per sqft$1,015.13
Built in1930
Property size1,256 sqft
Property typeResidential

Overview

Active

Listed Mar 9, 2026

Updated Jul 7

7,200 sqft lot development opportunity in the highly sought-after Wynwood Norte area. This prime T-4R property with NRD-2 Zoning Overlay offers the potential to build up to 16 units by right, with no parking requirements. The site is also well-suited for luxury townhome development. Ideally located just minutes from Wynwood, Midtown, and the Design District, with convenient access to I-95 and I-195. The property currently features a 3-bedroom, 1-bath single-family home generating approximately $3,000/month in rental income. Within walking distance to numerous restaurants, retail, entertainment venues, art galleries, and several Michelin-recognized dining spots. Positioned south of the Design District and west of Midtown, Wynwood Norte continues to experience strong growth with numerous new developments transforming the neighborhood.

$8,483/mo

Est. mortgage payment based on a $1,275,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
A11980020

Interior Features

Bedrooms
3
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

Taxes
$20,853
Tax Frequency
Annually
MLS provider logo

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2026 Miami Association of REALTORS® all rights reserved. 

Data last updated 8:25 PM UTC, 7/7/2026.

Listed by:  Fausto Commercial Realty Consultants Inc, 786-748-7373

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