1063 NW 55th Terrace, Miami, FL 33127

$475,000

Virtual Tour

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Virtual Tour

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Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 600 Status: Active

Current Price: $475,000 List Date: 9/23/2026 Last Modified: 10/11/2026

Overview

Description

Investor and redevelopment opportunity in a centrally located Miami neighborhood! Situated on an approximately 6,300 square-foot lot, this property features a fully renovated 2-bedroom, 1-bath main residence plus an additional detached space currently set up as guest or in-law quarters. Enjoy immediate use of the renovated property while exploring its long-term potential for expansion or redevelopment, subject to applicable zoning, permitting, and municipal approvals. Conveniently located near Wynwood, the Design District, Midtown, Miami International Airport, major highways, and Miami Beach. An excellent opportunity for an investor or developer looking for a property with flexible space and future upside.

Listing Details MLS# A12094648

General Property Information

Property Sub Type: Single Family Residence
Bedrooms Total: 2
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 600
Living Area Main: 576
Adjusted Area Main: 588
Year Built: 1930
Lot Size Area: 6300
Lot Size Acres: 0.14
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Direction Faces: South
Pool Private YN: No
Furnished: Unfurnished

Property Features

Dining Area: Breakfast Area; Dining/Living Room Exterior Features: None Flooring: Ceramic Tile Parking Features: Driveway; On Street Property Condition: Resale Appliances: Electric Range; Refrigerator Construction Materials: Frame; Stucco Cooling: Electric Fencing: Fenced Heating: Electric Laundry Features: Washer Hookup; Dryer Hookup Levels: One Listing Terms: Cash; Conventional; FHA; VA Loan Possession: Negotiable Restrictions: No Restrictions Road Surface Type: Paved Roof: Shingle Sewer: Public Sewer Special Information: Corporate Owned Tax Information: Tax Reflects No Exemptions Water Source: Public Showing Requirements: Call Listing Agent; Lockbox; Showing Service Outdoor Living Spaces: Patio Room Types: Maid/In-Law Quarters

Contract Information

Comp Sale YN: No
Original List Price: 470000
Occupant Type: Vacant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1063
Street Direction Prefix: NW
Street Name: 55th
Street Suffix: Terrace
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33127
Postal Code +4: 1433
Postal Zip: 33127
Subdivision Name: BOWLING GREEN EXTENSION
Area: 2310
Elementary School: Orchard Villa
Middle Or Junior School: Brownsville
High School: Miami Northwestern
Special Assessment YN: No
Parcel Number: 0131140320370
Subdivision Number: 32
Zoning: 0104
Flood Zone: X

Financial Information

Membership Fee Required YN: No
Tax Annual Amount: 2615
Tax Year: 2024
Tax Legal Description: 14 53 41 BOWLING GREEN EXTN PB 10-62 LOT 6 & STRIP OF LAND 26 X 50 FT ADJ ON NORTH BLK 3 LOT SIZE 50.000 X 126 OR 17094-0558 0290 1

Status Change Information

Major Change Timestamp: 2026-09-24T23:51:00Z
Major Change Type: Price Change
Price Change Timestamp: 2026-09-24T23:51:00Z
Status Change Date: 2026-09-23

More Information

Entry Information

Entry Level: Yes

Short Sale Details

Short Sale Addendum: No

Price Calculations

Current Price To SqFt: 824.65

Section Details

Parcel Number MLX: 0370

Originating Details

Originating System Key: 564514137
Originating System ID: M00000151

Room Information

Room Name
Maid/In-Law Quarters

Listing Office: Luxe Properties

Last Updated: October - 11 - 2026

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