8461 SW 38th St

8461 SW 38th St Miami 33155
4 bedrooms | 3 bathroom | 0 half bath | 1,613 sqft

$874,000

Property Details

MLS #
A11971688
Unit #
Address
8461 SW 38TH ST  map  
Bedrooms
4
Bathrooms
3
Living Area (f2)
1,613
Living Area (M2)
150
Lot Size (f2)
15,750
Year Built
1955
Waterfront
Status
Active
Listing Type
Single Family
Maintenance Fee
$0
Complex
TROPICAL HIGHLANDS 3RD AD
Days On Market
28
Pool
Yes
Pets Allowed
N/A
Parking Spaces
0

Magic City Realtors

Broker
Magic City Realtors

 305-570-4898 

Inquire About this Property

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Property Description

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.

Property Amenities

Equipment

  • Dishwasher
  • Electric Water Heater
  • Electric Range
  • Refrigerator
  • Washer

Interior Features

  • First Floor Entry
  • Family Room
  • Separate Guest/In-Law Quarters
  • Maid/In-Law Quarters
  • Utility/Laundry In Garage
  • Workshop

Similar Properties

Address Unit # Price %Chng Bed/Bath
8330 SW 27th Ter $695,000 3/2
8431 SW 27th Ter $729,000 3/1
8571 SW 30th St $760,000 4/3
2401 SW 83rd Ave $770,000 3/2
8461 SW 38th St $874,000 4/3
2725 SW 82nd Ave $980,000 5/4
2825 SW 79th Ct $1,425,000 3/3
3135 SW 80th Ave $1,599,000 6/4

Recent Sales

Unit # Closed Date Sold Price List Price Bed Bath
02/27/2026 $765,000 $799,000 4 2
02/27/2026 $845,000 $859,999 4 3
02/27/2026 $620,000 $755,000 4 1
02/26/2026 $700,000 $700,000 4 2
01/28/2026 $580,000 $669,000 3 1
12/30/2025 $795,000 $795,900 3 2
12/29/2025 $590,000 $599,999 4 3
12/23/2025 $900,000 $950,000 4 2
12/23/2025 $710,000 $775,000 4 3
12/19/2025 $505,000 $599,900 3 2
12/11/2025 $800,000 $840,000 4 3
12/05/2025 $950,000 $1,050,000 5 3
12/05/2025 $625,000 $800,000 5 3
11/28/2025 $696,000 $710,000 4 2
11/25/2025 $710,000 $725,000 3 2
11/12/2025 $985,000 $1,000,000 4 2
11/10/2025 $690,000 $690,000 4 3
11/05/2025 $850,000 $895,000 4 3
11/04/2025 $550,000 $670,000 3 2
10/27/2025 $1,225,000 $1,325,000 4 2

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