729 NE 85th St, Miami FL 33138, MIAMI, FL, 33138
Active184 days on marketListed Feb 10, 2026MLS #A11963186
About this home
729 NE 85th St, Miami FL 33138
PRESENTING A BLANK SLATE INFILL DEVELOPMENT OPPORTUNITY READY FOR ENTITLEMENTS IN THE EAST-OF-BISCAYNE SHORECREST NEIGHBORHOOD. With T5-R zoning in place, this boutique vacant land parcel allows for the development of up to seven (7) residential units across five stories by-right, providing a straightforward framework without the baked-in premium or typology constraints of pre-existing entitlements. Located in the desirable Easternmost pocket of the Little River area between high-traffic Biscayne Boulevard and the bay, the property offers the best of both worlds with walkable access to retail, and dining plus unmatched accessibility throughout the region via the NE 79th Street corridor. Surrounded by a robust pipeline of new construction, the site is well positioned to benefit from continued neighborhood momentum, strong absorption, and long-term value creation.
Facts & features
The home at a glance
0.12 ac
Lot size
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.
$3,293 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$3,747/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
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)
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 50% above the MIAMI 33138 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 729 NE 85th St
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’25$285,000
13206 BISCAYNE DRIVE · same community
3 bd · 2 ba · 1,431 sqft · $199/sqft · 1 DOM
Sold · Jun ’26$730,000
8347 E Dixie Highway, Miami FL 33138 · same community
3 bd · 2 ba · 1,542 sqft · $473/sqft · 32 DOM
Sold · Jun ’26$730,000
8347 E Dixie Hwy, Miami FL 33138 · same community
3 bd · 2 ba · 1,542 sqft · $473/sqft · 32 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
Tommy Trainer
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 729 NE 85th St — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 729 NE 85th St — before you fall in love.
See it in person
Schedule a tour
Live availability from Tommy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
729 NE 85th St FAQs
What would the monthly payment be for 729 NE 85th St, Miami FL 33138?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,293/mo — principal and interest, estimated property taxes 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 729 NE 85th St, Miami FL 33138?+
The most recent tax bill on record (2024) was $0. 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 $495,000, this home is listed about 19% below the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 729 NE 85th St, Miami FL 33138?+
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
$495,000 runs 50% above the MIAMI 33138 median.
02Time on market is leverage
184 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 $675,000, now $495,000 — a $180K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of The Alpha Commercial Advisors LLC · Steffanie Jacobson. MLS #A11963186.
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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