Atlantic Luxury AdvisorsKeller Williams Realty Services

4 photos

90 48th St

Miami, FL 33137

$1,050,000
2
1
1,796 sq ft
6,270 sq ft
1938
2 car
Single Family Residence
1
Active

Listing courtesy of Optimal Realty Group LLC. Contact: [email protected].

About this home

Rare opportunity to acquire a historic property in Miami's highly desirable Buena Vista neighborhood, just minutes from the Design District, Midtown, Wynwood, and Miami Beach. Situated on a 6,270 SF lot, the property features an existing residence and benefits from extensive pre-development work completed by the current ownership. Significant investment has been made in architectural design, surveys, planning, and historic review efforts, providing a strong foundation for future redevelopment. A luxury residential concept has already been designed, offering a unique opportunity for a buyer to continue the approval process and potentially save considerable time and expense compared to starting a project from the ground up. Whether pursuing a substantial renovation, restoration, expansion, or redevelopment (subject to applicable approvals), this property presents exceptional potential in one of Miami's most sought-after residential markets. Architectural plans, surveys, and development-related materials are available upon request. Buyer is responsible for independently verifying zoning, historic preservation requirements, approvals, and development potential. Property is being sold As-Is.

What it costs to own
Estimated monthly payment
$7,522/mo
Principal and interest
$5,309
Property tax
$1,555
Homeowners insurance
$658
HOA(not in the listing)
$0

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$18,655/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.

HOA
Not stated in the listing; ask us
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.