768 NE 72nd St, Miami, FL, 33138
768 NE 72nd St, Miami, FL, 33138 - Image 2768 NE 72nd St, Miami, FL, 33138 - Image 3768 NE 72nd St, Miami, FL, 33138 - Image 4

768 NE 72nd St, Miami, FL, 33138

5 bedrooms · 5 baths · 2,931 sq.ft.

RARE OPPORTUNITY IN A DESIRABLE MIAMI HISTORIC NEIGHBORHOOD! Located on a quiet dead-end street, just 2 blocks from the waterfront and park, near seven new luxury waterfront estates reportedly priced from $8M-$18M. NOT A TEARDOWN! This fully livable, currently occupied home has a solid existing structure and exterior. Selling with approved renovation plans and permits to transform the property into an approximately 3,300 SF, 5-bedroom, 5-bathroom luxury residence with only a small addition. SAVE NEARLY TWO YEARS OF APPROVALS! Navigating the strict historic district requirements took nearly two years. The next owner benefits from this extensive work already completed, subject to permit status and transfer requirements. The property features a beautiful pool built just a few years ago, mature trees, lush landscaping and a private tropical setting. Nearby renovated homes have reportedly sold for $1,100-$1,300/SF, suggesting a projected after-renovation value of $3.7M-$4M, depending on finishes and market conditions. Ideal for investors or end users seeking a luxury renovation opportunity in a rapidly appreciating neighborhood. PHOTO DISCLOSURE: Front exterior image is digitally edited to illustrate the proposed post-renovation appearance, not the home's current condition. Actual results may vary.

Information

Property typeSingle Family
Size2,931 sq.ft.
Plot size7,500 sqft
Year built1925
Stories2
Price per sq.ft.USD 747
Last sold2021-10-26
Last sold priceUSD 1,584,700
CountyMiami-Dade
ZIP code33138
LocationMiami, United States

USD 2,190,000

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Where it's located

Miami, United States

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