ActiveMLS® A11898186

$1,175,000

555 NE 127th Street, North Miami, FL 33161

Beds: 4
Baths: 2
Sqft: 2,018

Est. payment$7,850/mo

Home type: Single Family Residence
Year built: 1948
Lot size: 16,988 sqft
Price / sqft: $582
HOA: $0/mo
Community: GRIFFING BISCAYNE PK EST

Property description

Exceptional development opportunity in the heart of North Miami’s P3 redevelopment zone. Conditional change of use to allow a 3-story boutique residential building has been approved. Plans envision up to 12 units with 25 parking spaces, perfectly aligned with the city’s master redevelopment vision. Just steps from NE 125th St and the future transit corridor, this site is ideally positioned in one of Miami’s fastest-growing areas. Located just steps from NE 125th Street and the future Northeast Corridor rapid transit line, the site is surrounded by major public and private investment, new multifamily projects, and significant infrastructure upgrades.

Listing activity

Days on market: 331
Listed: Oct 20, 2025
MLS listing updated: Sep 16, 2026
Feed last checked: 12 minutes ago

Listed by Omar Garban · Douglas Elliman

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Bathrooms (decimal): 2
Full bathrooms: 2
Half bathrooms: 0

Rooms & features

Rooms: 1
Flooring: Ceramic Tile
Laundry: Washer Hookup, Dryer Hookup

Heating & cooling

Heating: None
Cooling: Central Air

Property

Parking

Garage spaces: 0
Carport spaces: 0
Covered spaces: 0
Parking features: Driveway
Attached garage: No

Exterior

Stories: 1
Building area: 2,120 sqft
Entry level: 1
Exterior features: None
Fencing: Fenced
Pool: No
View: Other
Waterfront property: No

Lot

Lot size: 16,988 sqft
Lot size (acres): 0.39 acres
Zoning: 0700

Construction

Type & style

Home type: Single Family Residence
Year built: 1948
New construction: No

Materials

Construction: Block
Roof: Barrel
Property condition: Resale
Levels: One
Faces: South

Utilities & green energy

Utilities

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: GRIFFING BISCAYNE PK EST
MLS area: 2220
55+ community: No

Association

Has association: No
Estimated monthly dues: $0
Amenities: Other

Lease details

Not reported by the listing source.

Location

Area details

City: North Miami
County: Miami-Dade
ZIP code: 33161

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11898186
Possession: Close Of Escrow
Original list price: $1,175,000
Parcel number: 0622300240300
Annual property tax: $13,988
Tax year: 2024
Tax legal description: GRIFFING BISCAYNE PK EST PB 5-104 LOT 32 BLK 2 LOT SIZE 75.000 X 229 OR 21316-4081 04 2003 4

Additional MLS details

Reported by the listing source

Association Amenities: Other
Association: No
Bathrooms Total Decimal: 2
Bathrooms Total Integer: 2
Building Area Total: 2120
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 331
Direction Faces: South
Elementary School: Arch Creek
High School: North Miami
Laundry Features: Washer Hookup, Dryer Hookup
List Price: 1175000
Listing Contract Date: 2025-10-20
Living Area: 2018
Lot Size Acres: 0.39
Lot Size Area: 17175
MLSArea Major: 2220
Middle Or Junior School: North Miami
Mls Status: Active
On Market Date: 2026-09-16
Postal Code: 33161
Property Sub Type: Single Family Residence
Property Type: Residential
Rooms Total: 1
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-09-16T05:16:12Z
Stories Total: 1
Subdivision Name: GRIFFING BISCAYNE PK EST
Water Source: Public
Tax Annual Amount: 13988
Bathrooms Full: 2
Pool Private: No
Bedrooms Total: 4
Waterfront: No
Bathrooms Half: 0

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Oct 20, 2025	ListedMIAMI REALTORS® MLS	$1,175,000$582/sqft

Public tax history

Year	Property taxes	Assessment
2024	$13,988	—

Payment calculator

Estimated monthly payment$7,850/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $6,097
Property taxes: $1,166
Insurance: $588
Association dues: $0

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

GRIFFING BISCAYNE PK EST

North Miami · Miami-Dade County · 33161

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Arch CreekElementary

—

North MiamiMiddle

—

North MiamiHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

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