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1,890 sqft

$1,350,000

3240 NW 3rd Ave, Miami FL, 33127

Price per sqft$714.29
Built in1968
Property size1,890 sqft
Property typeMulti-family

Overview

Active

Listed Jan 23, 2026

Updated Jul 22

Prime Wynwood Development Opportunity Located in the heart of Wynwood, this 5,000 sq ft lot is zoned T4-R under the City of Miami’s Miami 21 code, allowing for medium-density residential development and the potential for a multi-story project, subject to final design, density calculations, parking requirements, and city approvals. The property currently consists of three existing units providing income while redevelopment plans are pursued. Ideal for a developer or investor seeking a residential project in a rapidly appreciating area near the Design District, Midtown, and Brickell. Buyer to verify zoning, allowable density, unit count, and development potential with the City of Miami.

$8,982/mo

Est. mortgage payment based on a $1,350,000 home price.

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

Other Property Details

Taxes
$8,226
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 2:59 PM UTC, 7/22/2026.

Listed by:  Compass Florida, LLC, 305-697-5402

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