$1,975,000

3421 NW 5th Ave Miami, FL 33127

1.0 acres
Land

Property details

About 3421 NW 5th Ave

HUGE PRICE REDUCTION! Amazing development opportunity located in the booming Design District /Wynwood area the property boasts a coveted T6 L allowing multi-story multi-unit developments. The location benefits from high-density T6-L zoning falling within the Wynwood Norte NRD2 overlay, allowing for 150 units per acre, 5 stories by right, with an additional 3 stories available via bonus. Extra large lot with a 7,250 SF. Owner occupied duplex on site that can generate income for the buyer. Just blocks from Wynwood Walls, museums, breweries, boutiques, bistros & bars. Minutes from FTX Arena, Downtown & Mid Town Miami as well as Miami Beach area. Easy access to all major highways and the Turnpike. Within close proximity to the I-195 exit which connects to the I-95. Endless possibilities await!

Highlights

Home typeOther
StatusActive
Lot size1 Acres
MLS #A11628132

Virtual tour

Summary

  • MLS Number: A11628132
  • MLS Name: SEFMIAMI
  • Office Name: Elite Ocean View Realty LLC
  • Office Phone: (305) 600-1278
  • Office Email: teooceanviewintl@msn.com
  • Listing Agent: Teodoro Palmieri

IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 2:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,975,000

3421 NW 5th Ave

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$402,227$8,065
2022$390,512$7,944
2021$335,744$7,944
2020$331,109$7,006
2018$251,165$6,020
2017$139,730$2,201

History based on county public records data.

Nearby schools

4

Eneida Massas Hartner Elementary School

Public District PK-5

0.3 mi

401 NW 29th St

6

Mater Academy of International Studies

Public Charter KG-5

0.4 mi

795 NW 32nd St

3

Santa Clara Elementary School

Public District PK-5

0.7 mi

1051 NW 29th Ter

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $33,511. Most Miami, FL residents have annual incomes less than $<35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

53%
<35k
44%
35k-100k
3%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

46%
Single, No Kids
27%
Single, with Kids
13%
Married, No Kids
14%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
7%
12-17 yrs old
29%
18-34 yrs old
37%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • White CastleWhite Castle
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • HondaHonda
  • KiaKia
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Miami, FL

About 3421 NW 5th Ave

This home is located at 3421 NW 5th Ave in Miami, FL and zip code 33127. Features: 0 bathroom. It has been listed on Rocket Homes since July 22, 2024 and is currently priced at $1,975,000.

While more than 29 listings in Miami, FL in February 2025 were sold above asking price, there were more than 87 listings sold at asking price, and more than 420 were sold below. The number of homes for sale in Miami, FL increased by 13.9% between January and February 2025. The median list price of listings available in February 2025 was $577,686, while the average time on the real estate market was 74 days.

From Rocket Homes Real Estate and based on county public records data.

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