$960,000

251 NW 34TH TER, MIAMI, FL 33127

0 baths2,784 sq ft2 to 4 unitsBuilt 1926
Updated today, November 3, 2026

This home against Old San Juan

$345 per sq ft, 65% under the Old San Juan median
142 days on the market
Price cut $190,000 since it was listed at $1,150,000
$15,524 in property taxes (2023)

Old San Juan today: 63 homes for sale, median list price $1,100,000.

About this home

Unapproved Short Sale. Exceptional opportunity to acquire an income-producing duplex in the heart of Wynwood with significant redevelopment potential. Currently fully rented, this property offers immediate cash flow while providing investors and developers the opportunity to capitalize on one of Miami’s fastest-growing neighborhoods. Zoned T4 with the NRD-2 Overlay, the property allows for the development of up to 18 residential units. The neighboring property at 241 NW 34th Terrace allows for up to 13 residential units, creating a unique assemblage opportunity with the potential for a larger-scale development project.Added advantage: develop without on-site parking by contributing to the applicable parking fund, maximizing flexibility. Near Wynwood, Midtown, Design District, Downtown Miami, and major corridors, offering current income plus long-term upside.Property Highlights: Short Sale Opportunity, Fully rented duplex with immediate income, T4 Zoning with NRD-2 Overlay, Development potential for up to 18 units, Adjacent to 241 NW 34th Terrace (up to 13 units), Potential assemblage opportunity, No on-site parking required (parking fund contribution applies), Prime Wynwood location, Minutes to Midtown, Design District, Downtown Miami & I-95, Ideal for investors and developers.Buyer to independently verify zoning, density, development rights, assemblage potential, and parking requirements.

Zoned schools

Elementary: Eneida M. Hartner Elementary School
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Roberto Clemente Park, 0.2 mi
Grocery: Trader Joe's, 0.6 mi

Distances from the center of Old San Juan, MIAMI.

Listing courtesy of Lifestyle International Realty. MLS# A11925609.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed June 14, 2026.

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