314 NE 26th Terrace, Miami, FL 33137

$2,700,000

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List Price
$2,700,000
Days on Market
134
MLS#
A12001468
Lot Size
5,340
Acres
0.12
MLS Area Major
2320

Property Description

Situated in one of Miami’s fastest-growing urban neighborhoods, just minutes from Wynwood, the Design District, Midtown Miami, and Downtown—an area experiencing strong residential and development demand. The property features a two-story duplex-style layout with independent entrances, allowing for dual rental income, owner-occupant flexibility, or the option to combine both levels into a spacious single-family residence. Approximately 2,254 SF of building area on a ~5,340+ SF lot, offering significant living space that can be optimized for rental, multi-generational living, or a large custom home renovation. Currently, both units are leased to one tenant. Ideal for investors seeking income-producing duplex use, renovation upside, or repositioning into a large single-family home in a rapidly appreciating neighborhood. The property may present an opportunity for assemblage with neighboring parcels, creating a larger footprint suitable for future redevelopment consistent with the area's ongoing urban growth. As of early 2026, the data shows a robust 5.8% year-over-year appreciation in price per square foot (PSF), a trend it's projected to accelerate as the Edgewater district nears full build-out.

Additional Information

Taxes
$21,715
Utilities
Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Trash Collection, Water Available
Elementary School
Phillis Wheatley
Middle School
Jose De Diego
High School
Booker T. Washington

Listing courtesy of Global Investments Realty.

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