$1,650,000list price
Per sq ft$589
0 ba · 2,803 sq ft 2 to 4 units
560 NE 63RD ST, MIAMI, FL 33138
Listing courtesy of Brickell Brokers LLC. MLS# A12055054.On the MLS · Listed Jul 14
$799,000
473 NE 61ST ST, MIAMI, FL 33137
5 beds2 baths1,520 sq ftHouseBuilt 1925
Updated today, November 3, 2026This home against Palm Grove
$526 per sq ft, 12% under the Palm Grove median
63 days on the market
$10,275 in property taxes (2025)
4,792 sq ft lot
Private pool
Palm Grove today: 7 homes for sale, median list price $1,650,000.
About this home
CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.
Zoned schools
Elementary: Morningside K-8 Center
Middle: Horace Mann Middle School
High: Miami Edison Senior High School
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Eaton Park, 0.2 mi
Grocery: Key Food Supermarket, 0.8 mi
Distances from the center of Palm Grove, MIAMI.
Listing courtesy of Douglas Elliman. MLS# A12082857.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed September 1, 2026.
Similar homes near Palm Grove, MIAMI
$2,000,000list price
Per sq ft$935
0 ba · 2,140 sq ft 2 to 4 units
489 NE 62ND ST, MIAMI, FL 33138
Listing courtesy of Leoni Real Estate Corp.. MLS# A12115034.On the MLS · Listed Oct 3
$2,823,620list price
Price cut$50,000
4 bd · 4 ba · 3,719 sq ft House
5934 NE 4TH CT, MIAMI, FL 33137
Listing courtesy of Canvas Real Estate. MLS# A11997871.On the MLS · Listed Apr 7
5 photos$2,900,000list price
Price cut$100,000
0 ba · 2,483 sq ft 2 to 4 units
499 NE 64TH ST, MIAMI, FL 33138
Listing courtesy of Total Stop Inc. MLS# B26064965.On the MLS · Listed Aug 15