Overview
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About this home
58 NE 48th St is a 1922-built home in Shadowlawn, Miami. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,901 square feet of living space. Listed at $3,000,000 (about $1,578/sqft), 249 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Located walking distance to the Design District, this rare double corner lot offers a significant opportunity for a cash investor interested in maximizing land value. Set on a double lot, the property creates flexibility for income use or future expansion. The main residence is ready for customization and has been gutted. The property sits in one of Miami’s strongest appreciation zones and the double corner exposure are upsides for an investor seeking a property with room to grow. Serious cash buyers only.
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The essentials
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Details
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
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Sample: 19 closed home sales in Miami over the last 8 months, Stellar MLS. Widened past this ZIP to get a usable sample. A small sample in a thin market. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$3,000,000
$1,578 per sq ft
Beds and baths
3 beds, 2 baths
Size
1,901 sq ft
Time on market
249 days
Year built
1922
Monthly payment
About $19,339/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $26,315 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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