1240 71st St, Miami Beach FL 33141, MIAMI BEACH, FL, 33141
Active86 days on marketListed May 21, 2026MLS #A12021733
About this home
1240 71st St, Miami Beach FL 33141
Incredible opportunity to build a 3-story, 5,300 SF custom residence, multi family or family office with a rooftop terrace overlooking downtown Miami. Ideally located within walking distance to the beach, in a rapidly evolving and expanding neighborhood. A rare chance to create the ultimate modern Beach Loft in one of Miami's most promising enclaves. Zoned RO (Residential Office) allowing single-family, multi-family and mixed use, with a maximum FAR of 0.75 (~5,315 SF permitted) and height of 33 feet from DFE.
Facts & features
The home at a glance
0.167 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.
$7,018 /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
$7,018/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 Isle Of Normandy
Get to know Miami Beach. See the full Miami Beach guide →
Isle Of Normandy — neighborhood snapshot
Population
9,198
Median age
48
Median income
$99,060
Median home value
$477,014
Avg household
2
Households w/ children
850
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 Beach market
$285K → $525K
Miami Beach median sold, yr/yr
95.1%
Sale-to-list ratio (12 mo)
Median sold price, Miami Beach, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 494% above the MIAMI BEACH 33141 median. See the full Miami Beach market guide →
Paper trail
This home's history
Reality check
What actually sold near 1240 71st St
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$1,150,000
Nearby listing · same community
4 bd · 3 ba · 1,608 sqft · $715/sqft
Sold · Oct ’25$1,050,000
Nearby listing · same community
3 bd · 2 ba · 1,659 sqft · $633/sqft · 73 DOM
Sold · Nov ’25$1,175,000
1370 71st St, Miami Beach FL 33141 · same community
3 bd · 2 ba · 1,884 sqft · $624/sqft · 93 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
Anealya Hammad
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 1240 71st St — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1240 71st St — before you fall in love.
See it in person
Schedule a tour
Live availability from Anealya's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1240 71st St FAQs
What would the monthly payment be for 1240 71st St, Miami Beach FL 33141?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $7,018/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 1240 71st St, Miami Beach FL 33141?+
The most recent tax bill on record (2025) was $16,510. 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 Beach?+
At $950,000, this home is listed about 46% above the Miami Beach median of $649,900. The market section on this page shows how the area is trending.
Which schools are assigned to 1240 71st St, Miami Beach FL 33141?+
Treasure Island Elementary School (elementary), Miami Beach Nautilus Middle School (middle), Miami Beach 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.
Keep looking
Similar homes nearby
Listing courtesy of Compass Florida, LLC · Caroline Puren. MLS #A12021733.
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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