Premier Brokers International
1429 NE 118th Terrace, Miami, FL 33161
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12053910
$720,000

1429 NE 118th Terrace, Miami, FL 33161

Beds
—
Baths
0
Sqft
1,820
Est. payment$4,854/mo
Home type
Duplex
Year built
1971
Lot size
—
Price / sqft
$396
HOA
$0/mo
Community
BISCAYNE COURT

Property description

Turnkey Income-Producing Duplex! Don’t miss this exceptional investment opportunity in the growing Biscayne Court area of Miami. This well-kept duplex consists of two spacious 2-bedroom, 2-bath residences, each featuring central air conditioning, tile floors, in-unit washer and dryer, separate electric meters, and private entrances. Currently fully leased with stable rental income of $4,400 per month ($2,250 and $2,150), offering immediate cash flow from day one. The property is ideally situated just off Biscayne Boulevard near Whole Foods, shopping centers, restaurants, universities, parks, and major commuter routes, making it highly desirable to tenants. Its central location provides convenient access to Downtown Miami, Miami Shores, North Miami, Aventura, and beautiful beaches. Whether you’re a seasoned investor completing a 1031 exchange or a buyer seeking to offset your mortgage by occupying one unit while renting the other, this duplex represents an outstanding opportunity in a high-demand rental market with strong long-term appreciation potential.

Listing activity

Days on market
100
Listed
Jul 16, 2026
MLS listing updated
Sep 7, 2026
Feed last checked
8 minutes ago

Listed by Lazara Cruz-Casanova · Casanova International Realty

Map

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

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms
0
Bathrooms (decimal)
0

Rooms & features

Flooring
Tile

Heating & cooling

Heating
Separate Meters, Central, Electric
Cooling
Electric
Property

Exterior

Stories
1
Building area
1,892 sqft
Pool
No
Waterfront property
No

Lot

Zoning
5700
Construction

Type & style

Home type
Duplex
Structure type
Duplex
Year built
1971
New construction
No

Materials

Construction
CBS
Roof
Shingle
Property condition
Resale
Utilities & green energy

Utilities

Utilities
Cable Not Available, Sewer Available
Community & HOA

Community

Subdivision
BISCAYNE COURT
MLS area
2220

Association

Has association
No
Estimated monthly dues
$0
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33161
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12053910
Possession
Negotiable
Original list price
$749,000
Parcel number
3022320200800
Annual property tax
$9,094
Tax year
2025
Tax legal description
BISCAYNE COURT PB 12-8 LOT 18 BLK 5 LOT SIZE 50.00 X 140.00 OR 19259-1988 08 2000 1
Additional MLS details

Reported by the listing source

Association
No
Bathrooms Total Decimal
0
Bathrooms Total Integer
0
Building Area Total
1892
Construction Materials
CBS
County Or Parish
Miami-Dade
Days On Market
100
Elementary School
David Lawrence Jr. K-8
High School
Alonzo and Tracy Mourning
List Price
720000
Listing Contract Date
2026-07-16
Living Area
1820
MLSArea Major
2220
Middle Or Junior School
North Miami
Mls Status
Active
On Market Date
2026-07-16
Photos Count
24
Postal Code
33161
Price Change Timestamp
2026-09-07T08:19:00Z
Property Sub Type
Duplex
Property Type
Residential Income
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-07-16T04:00:00Z
Stories Total
1
Subdivision Name
BISCAYNE COURT
Tax Annual Amount
9094
Pool Private
No
Waterfront
No

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

DateEventPrice
Jul 16, 2026ListedMIAMI REALTORS® MLS$749,000$412/sqft
Sep 7, 2026Price reducedMIAMI REALTORS® MLS$720,000$396/sqft

Public tax history

YearProperty taxesAssessment
2025$9,094—

Payment calculator

Estimated monthly payment$4,854/moIllustrative estimate, not a loan offer.
Principal & interest
$3,736
Property taxes
$758
Insurance
$360
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

BISCAYNE COURT

Miami · Miami-Dade County · 33161

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

David Lawrence Jr. K-8Elementary
—
North MiamiMiddle
—
Alonzo and Tracy MourningHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Casanova International Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.