CENTURY 21 Edge
$700,000$750,0006 bd4 ba$5,186 /mo all-in ↓

15207 NE 8th Ave, Miami FL 33162, MIAMI, FL, 33162

Active156 days on marketListed Mar 9, 2026MLS #A11978889

Reduced $50KNew constructionSingle Family ResidenceGAMBACH SUB

About this home

15207 NE 8th Ave, Miami FL 33162

Prime development opportunity in a rapidly growing area of Miami. This build-ready residential lot offers approximately 17,142 sq ft of land and was created from the subdivision of a larger 34,000 sq ft parcel. The lot has its own folio number and is legally established as a separate property. Architectural plans for a beautiful modern residence have already been completed and approved by the city, allowing the future owner to move forward with construction immediately and avoid the lengthy permitting process. Living area SqF 3,382 with total SqF 5,015. The oversized lot provides exceptional space to build a stunning custom home with room for a pool, expansive outdoor living areas, and landscaped grounds. Large parcels like this are increasingly rare in the area. Zoning in this location allows short-term rentals, creating an attractive opportunity for investors. The property offers flexibility for a variety of strategies — from building a luxury residence to developing a high-performing short-term rental property. Located in a neighborhood experiencing strong growth and ongoing development, where land values continue to rise as the area improves each year. A unique opportunity for developers, investors, or buyers looking to build a custom project in an emerging and promising location.

Facts & features

The home at a glance

6

Bedrooms

4

Bathrooms

2026

Year built

None view

Inside

FlooringOther
InteriorFirst Floor Entry · No Additional Rooms
CoolingOther
HeatingOther

Outside & construction

RoofOther
ConstructionAluminum Siding
ViewNone
FacesNortheast
ParkingOther
ExteriorNone

Community & fees

Taxes (2025)$11,838/yr
CommunityNone

Utilities & systems

WaterOther

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$5,186 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$3,777
PMI (est., until 20% equity)$263
Property tax — 2025 actual bill$987
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $70,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

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

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $70,000
Interest rate6.00%
Loan term

Estimated payment

$5,186/mo

Principal & interest$3,777
PMI (est., until 20% equity)$263
Property taxes (actual bill)$987
Est. insurance$160

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.

Where it sits

Inside Miami

Map of 15207 NE 8th Ave, Miami FL 33162

Get to know Miami. See the full Miami guide →

MIAMI 33162 — neighborhood snapshot

Population

46,578

Median age

38.3

Median income

$55,993

Median home value

$345,000

Avg household

3.02

Households w/ children

5,404

For the school run

Dade County School District

ElementaryOak Grove Elementary School★★★★
MiddleJohn F. Kennedy Middle School★★★★★
HighNorth Miami Beach Senior High★★★★
District Instructional Center (Dic)
Instructional Center System Wide
Title I Migrant Education Program

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Miami market

Seller’s marketLeans buyer18.3 months of inventoryBuyer’s 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 786% above the MIAMI 33162 median. See the full Miami market guide →

Paper trail

This home's history

CurrentPrice reduced to $700,000 $50K
Mar 9, 2026Listed at $750,000 · 156 days on market since
2026Built · GAMBACH SUB

Reality check

What actually sold near 15207 NE 8th Ave

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

1140 NE 139th St, North Miami FL 33161Sold · Jun ’26

$740,000

1140 NE 139th St, North Miami FL 33161

5 bd · 3 ba · 88 DOM

225 NE 150th St, Miami FL 33161Sold · Sep ’25

$1,029,000

225 NE 150th St, Miami FL 33161

5 bd · 3 ba · 1,599 sqft · $644/sqft · 31 DOM

630 NE 143rd St, North Miami FL 33161Sold · Apr ’26

$710,000

630 NE 143rd St, North Miami FL 33161

5 bd · 3 ba · 1,747 sqft · $406/sqft · 173 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.

Anthony Richardson

Your agent

Anthony Richardson

REALTOR® · CENTURY 21 Edge

Tours, negotiation, and every question about 15207 NE 8th Ave — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 15207 NE 8th Ave — before you fall in love.

See it in person

Schedule a tour

Live availability from Anthony's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

15207 NE 8th Ave FAQs

What would the monthly payment be for 15207 NE 8th Ave, Miami FL 33162?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $5,186/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 15207 NE 8th Ave, Miami FL 33162?+

The most recent tax bill on record (2025) was $11,838. 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 $700,000, this home is listed about 15% above the Miami median of $610,000. The market section on this page shows how the area is trending.

Which schools are assigned to 15207 NE 8th Ave, Miami FL 33162?+

Oak Grove Elementary School (elementary), John F. Kennedy Middle School (middle), North Miami Beach Senior High (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

Four things that matter here

01Positioned at the premium end

$700,000 runs 786% above the MIAMI 33162 median.

02None views

The none view is part of what you're buying — views hold value independently of the structure.

03Time on market is leverage

156 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.

04The price has already moved

Listed at $750,000, now $700,000 — a $50K cut. The full history is in the market section below.

Listing courtesy of London Foster Realty · Yana Saikouskaya. MLS #A11978889.

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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