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500 NE 78th Street, Miami, FL 33138

$9,000,000
Property Type: Commercial Sale Square Footage: 24,167 Status: Closed
Current Price: $9,000,000 List Date: 11/18/2022 Last Modified: 12/25/2025

Description

Peaceful 43 lodge style units sprawled across a riverfront acre in Miami’s hot new Little River/Upper East Side ‘MiMo’ (Miami Modern). The property is nestled along the neighborhood's serene Little River adjoining the neighborhoods of Ironside, Wynwood and the Design District. Close to the Brightline station, the area is undergoing an economic explosion. Major developments are sprouting up daily. The property consists of 4 buildings, 2 of which are completely renovated. These are equipped with brand new appliances, impact windows/doors, and split ACs. Washer/dryers on premises, and beautiful gardens to relax or simply observe the peaceful manatees floating by. Short Term Rental Possible. Do not pass on this opportunity to be a part of Miami’s new hot scene.

More Information MLS# A11305243

Contract Information

Comp Sale YN: No Listing Date: 2022-11-18 Status: Closed Original List Price: 9900000 Sold Price: $9,000,000 Current Price: $9,000,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Miami Municipal Code: 1 Postal Code: 33138 Subdivision Number: 40 Flood Zone: AE Country: United States Street Number: 500 Street Direction Prefix: NE Street Name: 78th Street Suffix: Street State Or Province: FL Postal Code +4: 4539 Area: 2320 Parcel Number: 0132070400220 Zoning: 3900

General Property Information

Number Of Units Total: 4 Occupant Type: Tenant Lot Size Area: 41575 Property Sub Type: Multi Family Building Area Main: 24167 Year Built: 1949 Lot Size Acres: 0.95

Office/Member Information

DXORIGMLSID: SEF

Status Change Information

Buyer Financing: Cash Major Change Timestamp: 2023-05-23T19:54:27Z Major Change Type: Status Change Status Change Date: 2023-06-07 Under Contract Date: 2023-02-13 Close Date: 2023-05-23 Close Price: 9000000

Documents Available

Aerial Photo(s): 1

Tenant Pays

Electricity: 1 Interior Electric: 1

Possession

Negotiable: 1

Sewer

Public Sewer: 1

Heating

Window/Wall: 1

Listing Terms

Cash: 1

Road Frontage Type

City Street: 1

Water Source

Public: 1

Income and Expenses

Vacancy Allowance Rate: 5

Description of Unit Type 1

Unit Type: Efficiency Units Total: 21 Furnished: No Annual Rent: 1595

Description of Unit Type 2

Unit Type: 1 Bedroom Units Total: 20 Beds Total: 1 Furnished: No Annual Rent: 1880

Cooling

Central Building: 1 Wall/Window Unit(s): 1

Description of Unit Type 3

Unit Type: 1 Bedroom Units Total: 1 Beds Total: 1 Furnished: No Annual Rent: 1950

Description of Unit Type 4

Unit Type: 2 Bedroom Units Total: 1 Beds Total: 2 Furnished: No Annual Rent: 2200

Buyer Details

Intended Use: Investment Buyer State: Florida Zip Code: 33180

Concessions

Seller Concessions: No

Section Details

Parcel Number MLX: 0220

Acreage Description

1 To Less Than 2 Acre Lot: 1

Financial Information

Tax Annual Amount: 46815 Tax Legal Description: FEDERAL WAY AMD PB 25-6 LOTS 9 & 10 BLK 4 LOT SIZE 13600 SQUARE FEET

Originating Details

Originating System Key: 376229639 Originating System ID: M00000151

Property Features

Documents Available: Aerial Photo(s) Heating: Window/Wall Possession: Negotiable Tenant Pays: Electricity; Interior Electric Cooling: Central Building; Wall/Window Unit(s) Listing Terms: Cash Road Frontage Type: City Street Sewer: Public Sewer Water Source: Public Acreage Description: 1 To Less Than 2 Acre Lot
Listing Office: Beachfront Realty Inc
Last Updated: December - 25 - 2025
500 NE 78th Street, Miami, FL 33138- MLS# A11305243
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