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3 Beds
3 Baths
1,460 sqft

$1,500,000

295 NW 42nd, Miami FL, 33127

Price per sqft$1,027.40
Built in1938
Property size1,460 sqft
Property typeResidential
Courtesy of Carl Gambino with Compass Florida, LLC

Overview

Active

Listed Sep 28, 2026

Updated 4 weeks ago

A rare 10,800-square-foot double corner lot opportunity in a prime Miami location, offering both rental income and future redevelopment potential. The fully renovated 3-bedroom, 3-bath residence features an in-law suite, impact windows and doors, and lush, fenced grounds, providing a turnkey opportunity to generate income today. The property’s substantial lot size and two-lot configuration also offer the potential to redevelop into two single-family homes under T3-L zoning, subject to applicable approvals. Ideally located just three minutes from the Miami Design District and approximately five minutes from Wynwood and Midtown, the property offers convenient access to some of Miami’s premier dining, shopping, and entertainment. Recent nearby sales further underscore the area’s land and redevelopment activity. A compelling opportunity for an investor, end user, or developer seeking immediate utility with longer-term redevelopment potential.

$9,980/mo

Est. mortgage payment based on a $1,500,000 home price.

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

Additional information

MLS® ID
A12095610

Interior Features

Bedrooms
3
Bathrooms
3
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.25 Acres

Other Property Details

Taxes
$18,763
Tax Frequency
Annually
View
Yes
55+/Senior Community
No
MLS provider logo

Courtesy of Compass Florida, LLC, Carl Gambino,
Listing Contact: 646-465-1766 

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 9/29/2026. 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. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. 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.

©2026 Martin County REALTORS of the Treasure Coast, Inc. All rights reserved.

Data last updated 3:52 AM UTC, 9/29/2026

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