481 NE 61st St, Miami FL 33137, MIAMI, FL, 33137
Active185 days on marketListed Feb 10, 2026MLS #A11960586
About this home
481 NE 61st St, Miami FL 33137
WELCOME TO THE CUSHMAN ESTATES! Sensational builder / developer opportunity to purchase LAND WITH PLANS! Seller has already done the heavy lifting with the architects, city & zoning and will include plans to build!! Shovel-ready 50’ x 100’ corner lot with approved plans for two fee-simple residences. Save months of permitting—build immediately. Each home features a separate corner entrance, 3 bedrooms, 3.5 baths, primary suite, balconies, and ±2,256 SF & ±2,319 SF. Located across from The Bennet, a new high-end development near The Cushman School with easy access to I-95. Ideal builder or investor opportunity. With new construction townhomes (The Bennet) selling at $615 per SFT across the street, this project has combined over 4,575 SFT x $615 = $2,813,625 sell out! What an amazing profit in 1 year! But wait, there's more!! Plans will only be shared during the due-diligence period. Feel free to drive by the lot. Let's make it happen! On Zillow, scroll down to "facts & features", click on "show more", then click "View virtual tour" for your Virtual Interactive Lifestyle Concierge! Ask anything. Explore everything.
Facts & features
The home at a glance
4,575
Sqft
2026
Year built
$137
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.
$4,092 /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
$4,092/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
$137 vs $511
Days on market
185 vs 66 typical
Where $137/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 Upper Eastside
Get to know Miami. See the full Miami guide →
Upper Eastside — neighborhood snapshot
Population
14,642
Median age
43
Median income
$80,911
Median home value
$854,030
Avg household
2
Households w/ children
1,433
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 33% above the MIAMI 33137 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 481 NE 61st St
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Dec ’25$7,690,000
4301 Gate Ln, Miami FL 33137
5 bd · 5.5 ba · 4,081 sqft · $1,884/sqft · 15 DOM
Sold · May ’26$3,100,000
4235 NW 1st Ave, Miami FL 33127
5 bd · 5.5 ba · 4,008 sqft · $773/sqft · 98 DOM
Sold · Jul ’26$4,750,000
530 Sabal Palm Rd, Miami FL 33137
4 bd · 3.5 ba · 3,543 sqft · $1,341/sqft · 57 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
Bridget McLennon
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 481 NE 61st St — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 481 NE 61st St — before you fall in love.
See it in person
Schedule a tour
Live availability from Bridget's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
481 NE 61st St FAQs
What would the monthly payment be for 481 NE 61st St, Miami FL 33137?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,092/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 481 NE 61st St, Miami FL 33137?+
The most recent tax bill on record (2025) was $3,902. 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 $625,000, this home is listed about 2% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 481 NE 61st St, Miami FL 33137?+
Morningside K-8 Academy (elementary), District Instructional Center (Dic) (), Horace Mann Middle School (middle), Booker T. Washington Senior High (high), 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
Four things that matter here
01Positioned at the premium end
$625,000 runs 33% above the MIAMI 33137 median — but at 4,575 sqft it's also nearly 4 times the size of the typical Miami listing.
02Time on market is leverage
185 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Morningside K-8 Academy, District Instructional Center (Dic), Horace Mann Middle School, Booker T. Washington Senior High, Instructional Center System Wide, Title I Migrant Education Program — Morningside K-8 Academy rates 5 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $699,000, now $625,000 — a $74K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Keller Williams Capital Realty · Ricky Kallabat PA. MLS #A11960586.
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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