473 NE 61st St, Miami FL 33137

The residence

About this property

CASA MiMo - LIVE IT. RENT IT. REDEVELOP IT. A rare opportunity to acquire an income-producing property with future development potential in one of Miami’s most dynamic and centrally located urban neighborhoods. Currently operating as a successful Airbnb, CASA MiMo offers an immediate opportunity for investors seeking short-term rental income while holding a strategically located piece of Miami real estate. The approximately 1,520 SF property sits on a 4,992 SF lot and offers 5 bedrooms and 2 bathrooms in its current configuration, creating exceptional flexibility for guests, owner-users and investors alike. The real upside is in the land. Zoned T4-R (General Urban – Restricted) under Miami 21, the property offers potential for future redevelopment, including a new single-family residence or two-family/duplex project, with T4 zoning generally allowing development up to 3 stories, subject to applicable City requirements and approvals. Ideally positioned near Miami’s Upper Eastside, MiMo District, Little River, Design District, Midtown and Wynwood, this is the type of property investors search for: income today, land value tomorrow, and multiple potential exit strategies. Continue operating the existing income-producing property, reposition it as a duplex, create a Miami residence, or explore redevelopment of the site. Opportunities combining location, existing income and redevelopment potential at this price point are increasingly difficult to find.

At a glance

Property details

Property type

Single Family Residence

Listing type

For sale

Status

Active

Bedrooms

5

Bathrooms

2

Living area

1,520 sq. ft.

Year built

1925

Lot size

4,992 sq. ft.

Subdivision

LEMON CITY WHITES

County

Miami-Dade County

Days on market

10

Original list price

$799,000

Listing date

September 3, 2026

Annual property tax

$10,275 (2025)

Listing agent

Fernando Rodriguez

Listing office

Douglas Elliman

MLS number

A12082857