404 NW 23rd Ct, Miami FL 33125, MIAMI, FL, 33125
Active352 days on marketListed Aug 27, 2025MLS #A11866655
About this home
404 NW 23rd Ct, Miami FL 33125
Located in the heart of Miami, this property presents an opportunity for investors, homebuyers, & developers alike. This site combines the rare advantages of a two-unit main residence & an additional efficiency unit in a generously sized lot teeming with possibilities for future growth and customization. The main structure consists of two distinct units, one with a 2/1 ratio and the other a 1/1 ratio. Property Type: Multi-family residential. Units: 2 main units plus 1 efficiency. Lot Size: Spacious lot with growth potential. T3-O Miami Zoning. Expansion, redevelopment, and rental income for 3-unit development sites. Minutes from downtown Miami. Proximity to Wynwood, Brickell, and Midtown. Nearby educational institutions and healthcare facilities. Accessible parks & recreational areas.
Facts & features
The home at a glance
1,641
Sqft
1938
Year built
$402
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$4,736 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$4,736/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Miami actives
$402 vs $511
Days on market
352 vs 66 typical
Where $402/sqft sits among the 400 Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Alameda - West Flagler
Get to know Miami. See the full Miami guide →
Alameda - West Flagler — neighborhood snapshot
Population
45,863
Median age
44
Median income
$56,704
Median home value
$431,367
Avg household
3
Households w/ children
4,600
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
36 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 138% above the MIAMI 33125 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 404 NW 23rd Ct
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$542,000
2473 SW 14th St, Miami FL 33145
2 bd · 1 ba · 1,641 sqft · $330/sqft · 9 DOM
Sold · Feb ’26$775,000
3510 SW 13th St, Miami FL 33145
3 bd · 2 ba · 1,668 sqft · $465/sqft · 67 DOM
Sold · Mar ’26$1,120,000
1429 SW 15th St, Miami FL 33145
3 bd · 2 ba · 1,607 sqft · $697/sqft · 7 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Chad Creech
President, Commercial and Development Services · CENTURY 21 Edge
Tours, negotiation, and every question about 404 NW 23rd Ct — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 404 NW 23rd Ct — before you fall in love.
See it in person
Schedule a tour
Live availability from Chad's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
404 NW 23rd Ct FAQs
What would the monthly payment be for 404 NW 23rd Ct, Miami FL 33125?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,736/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 404 NW 23rd Ct, Miami FL 33125?+
The most recent tax bill on record (2024) was $9,277. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Miami?+
At $659,000, this home is listed about 8% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 404 NW 23rd Ct, Miami FL 33125?+
Kinloch Park Elementary School (elementary), Kinloch Park Middle School (middle), Coral Gables Senior High School (high), District Instructional Center (Dic) (), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$659,000 runs 138% above the MIAMI 33125 median — but at 1,641 sqft it's also 36% larger than the typical Miami listing.
02Time on market is leverage
352 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $715,000, now $659,000 — a $56K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of One Stop Realty · Gelsis Navarro. MLS #A11866655.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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