Atlantic Luxury Advisors
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29 photos

1495 131st AVE

Miami, FL 33184

$199,999
4
4
484,900 sq ft
6,661,631 sq ft
1971
Mobile Home
$500/mo
109
Active

Listing courtesy of EXP Realty LLC (Nicholas Gimenez). Contact: [email protected].

About this home

Great investment opportunity in the desirable University Lakes community! This well-maintained property sits on leased land and features four legal efficiency units, all currently occupied by reliable tenants, offering immediate income potential. The property has been updated and cared for over the years, making it a solid, low-maintenance addition to any portfolio. Centrally located with easy access to major highways, shopping, dining, and Florida International University. Turnkey and ready for its next owner!

What it costs to own
Estimated monthly payment
$1,881/mo
Principal and interest
$1,011
Property tax
$245
Homeowners insurance
$125
HOA
$500

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
$2,939/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.

HOA
$500/mo (from the listing)
FEMA flood zone
Zone AH, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone E: ordered to evacuate for Category 4 and 5 hurricanes.

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

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. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.