
1231 NE 115th St, Miami FL 33161, MIAMI, FL, 33161
Active91 days on marketListed May 15, 2026MLS #A12019688
About this home
1231 NE 115th St, Miami FL 33161
An exceptional development opportunity is now available in one of Miami’s fastest-growing emerging neighborhoods — positioned to become the next major urban destination and future “Design District” style corridor. The property has already undergone a zoning change allowing for the development of approximately 75 residential units, significantly reducing entitlement risk and accelerating the development timeline for the right buyer. This is a strategic opportunity for developers seeking to secure land in an area experiencing rapid transformation, strong population growth, infrastructure expansion, and increasing investor activity. Investment Highlights Zoning approved for approximately 75 residential units Located in a rapidly evolving Miami growth corridor Strong long-term appreciation potential Ideal for multifamily, mixed-use, or boutique luxury development Multiple additional land assemblage opportunities available nearby Excellent opportunity to establish an early presence before major price escalation The surrounding area is attracting significant redevelopment interest and is widely considered one of the next high-growth urban pockets in Miami. For qualified developers and investors seeking additional scale, more land opportunities are also available in the same area. Please contact the listing agent directly for additional information, zoning details, pricing, and off-market assemblage opportunities.
Facts & features
The home at a glance
42662 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.
$22,835 /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
$22,835/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.
Where it sits
Inside Miami
Get to know Miami. See the full Miami guide →
MIAMI 33161 — neighborhood snapshot
Population
54,128
Median age
37.5
Median income
$55,265
Median home value
$376,500
Avg household
2.95
Households w/ children
6,165
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 2112% above the MIAMI 33161 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 1231 NE 115th St
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · May ’26$341,000
11741 NE 13th Ave, Miami FL 33161 · same community
2 bd · 1 ba · 808 sqft · $422/sqft · 127 DOM
Sold · Mar ’26$530,000
1270 NW 111th Street, Miami FL 33167 · same community
4 bd · 3 ba · 1,824 sqft · $291/sqft · 143 DOM
Sold · Dec ’25$1,550,000
1210 NE 97th St, Miami Shores FL 33138
3 bd · 2 ba · 101 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 1231 NE 115th St — start here.

Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1231 NE 115th 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
1231 NE 115th St FAQs
What would the monthly payment be for 1231 NE 115th St, Miami FL 33161?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $22,835/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 1231 NE 115th St, Miami FL 33161?+
The most recent tax bill on record (2025) was $73,000. 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 $2,875,000, this home is listed about 371% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1231 NE 115th St, Miami FL 33161?+
Gratigny Elementary School (elementary), North Miami Senior High School (high), North Miami Middle School (middle), 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.
Keep looking
Similar homes nearby
Listing courtesy of I Home Miami · Elena Giuliano. MLS #A12019688.
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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