Exceptional redevelopment opportunity in a rapidly appreciating area with strong upside potential. This is a triple option opportunity. Renovate the current structure which has an in-law quarter, use the current structure & plans to add a second story or rebuild completely. The choices are endless. The true value is this property is set on a sprawling 15,750 SQFT lot which is one of the largest in the entire area. This property delivers the size, scale, and positioning developers seek for a high-end build. A detailed front elevation rendering and thoughtfully designed interior concept images illustrate the vision and finished product of what the current owners had in mind. Opportunities with plans in place, significant lot size, and strong after-build comps are increasingly rare. If you’re searching for your investment or a place to call home in this desirable area, this is one not to miss. Recent comparable sales in the immediate area underscore the substantial profit potential and attractive margins available with this project.
For sale
$874,000
8461 SW 38th St, Miami, FL 33155
4beds
1,613sqft
Est.:
Single Family Residence
Built in 1955
0.36 Acres Lot
$-- Zestimate®
$542/sqft
$-- HOA
What's special
In-law quarter
- 10 days |
- 2,223 |
- 54 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: February 26, 2026 at 04:03pm
Listed by:
Dania Diaz 786-380-5180,
RE/MAX Advance Realty
Source: MIAMI,MLS#: A11971688
Originating MLS: A-Miami Association of REALTORS
Originating MLS: A-Miami Association of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Family Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Water Heater, Electric Range, Refrigerator, Washer
- Laundry: In Garage
Features
- Separate Guest/In-Law Quarters, Maid/In-Law Quarters
- Flooring: Tile
Interior area
- Total structure area: 1,941
- Total interior livable area: 1,613 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Circular Driveway, Covered
- Carport spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: First Floor Entry
- Patio & porch: Open Porch
- Has private pool: Yes
- Pool features: In Ground, Pool Only
- Fencing: Fenced
- Has view: Yes
- View description: Garden, Other, Pool
Lot
- Size: 0.36 Acres
- Features: 1/4 To Less Than 1/2 Acre Lot
Details
- Additional structures: Guest House, Workshop
- Parcel number: 3040150070110
- Zoning: 0100
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS Construction
- Roof: Other
Condition
- Year built: 1955
Utilities & green energy
- Sewer: Septic Tank
- Water: Municipal Water
Community & HOA
Community
- Features: Street Lights
- Subdivision: Tropical Highlands 3rd Ad
HOA
- Has HOA: No
Location
- Region: Miami
Financial & listing details
- Price per square foot: $542/sqft
- Tax assessed value: $640,903
- Annual tax amount: $16,983
- Date on market: 2/25/2026
- Listing terms: All Cash,Conventional
- Road surface type: Paved Road
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Listed for sale | $874,000+17.3%$542/sqft |
Source:  MIAMI #A11971688 Report a problem | ||
| 5/24/2024 | Sold | $745,000-6.9%$462/sqft |
Source: MIAMI #A11556368 Report a problem | ||
| 4/16/2024 | Pending sale | $799,999$496/sqft |
Source: MIAMI #A11556368 Report a problem | ||
| 4/3/2024 | Contingent | $799,999$496/sqft |
Source: MIAMI #A11556368 Report a problem | ||
| 3/25/2024 | Listed for sale | $799,999+1.3%$496/sqft |
Source: MIAMI #A11556368 Report a problem | ||
| 2/29/2024 | Listing removed | -- |
Source: MIAMI #A11467631 Report a problem | ||
| 10/11/2023 | Listing removed | $790,000$490/sqft |
Source: MIAMI #A11467631 Report a problem | ||
| 10/11/2023 | Price change | $790,000-6.5%$490/sqft |
Source: MIAMI #A11467631 Report a problem | ||
| 9/5/2023 | Listed for sale | $845,000-3.4%$524/sqft |
Source: MIAMI #A11447411 Report a problem | ||
| 8/25/2023 | Listing removed | $875,000$542/sqft |
Source: MIAMI #A11435678 Report a problem | ||
| 8/15/2023 | Listed for sale | $875,000$542/sqft |
Source: MIAMI #A11435678 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,935 -35.9% | $192,613 +3% |
| 2023 | $3,016 +1.8% | $187,003 +2.7% |
| 2022 | $2,963 +0.7% | $182,063 +3% |
| 2021 | $2,943 +0.2% | $176,761 +1.4% |
| 2020 | $2,937 +3.7% | $174,321 +9.1% |
| 2019 | $2,832 +90.8% | $159,814 +1.9% |
| 2018 | $1,485 | $156,835 +2.1% |
| 2017 | $1,485 -0.7% | $153,610 +2.1% |
| 2016 | $1,495 -1.5% | $150,451 +0.7% |
| 2015 | $1,518 -3% | $149,406 +0.8% |
| 2014 | $1,564 -19.3% | $148,221 +1.5% |
| 2013 | $1,939 | $146,031 +1.7% |
| 2012 | $1,939 +3% | $143,590 +3% |
| 2011 | $1,882 -2.2% | $139,408 +1.5% |
| 2010 | $1,925 +8.3% | $137,348 +2.7% |
| 2009 | $1,777 -9% | $133,738 +144.4% |
| 2007 | $1,953 -12.7% | $54,714 |
| 2006 | $2,236 | -- |
| 2005 | $2,236 +2.2% | -- |
| 2004 | $2,188 +6.9% | -- |
| 2003 | $2,048 +4.2% | -- |
| 2002 | $1,965 | -- |
| 2001 | $1,965 | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,504/mo
Principal & interest
$4164
Property taxes
$1340
Climate risks
Neighborhood: Westchester
Nearby schools
GreatSchools rating
- 9/10Banyan Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Rockway Middle SchoolGrades: 6-8Distance: 1 mi
- 4/10Southwest Miami Senior High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Banyan
- Middle: Rockway
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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