What Can You Buy for $500,000 in Miami ?

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What can you buy for half a million dollars in today’s real estate market ?

Miami has many distinct neighborhoods and variety of property types to offer. To get an idea of how far your housing dollar goes in Miami, check out these 4 properties that sold in past year around $500,000.

 

Lakeridge Townhome

7033 SW 53 LN, Miami, FL 33155

3 bedrooms / 2.5 bathrooms / 1,923 adj sq ft / Yr Built 1978

Sold for $505,000 ($262/sq ft) in November 2016

Listed by The Meyer Group, Compass

Unique Lakefront Townhome with high beam ceilings and incredible lake views. This unit needed a full interior remodel and would have sold for $585,000 if updated, as per list agent.  Lakeridge is a hidden gem; a gated townhome community 10 minutes west of Coral Gables, just off the expressway, with 24 hr security, 2 community pools, tennis courts, jogging trails, kayak launches… Fantastic place to enjoy the South Florida lifestyle.  

 

Edgewater Condo 

Onyx on the Bay – 665 NE 25 ST UNIT#2501, Miami, FL 33137

2 bedrooms / 2.5 bathrooms / 1508 Adj Sq Ft / Yr Built 2007

Sold for $535,000 ($354/sq ft) in May 2016

Listed by Rafael Gonzalez, Fortune International Realty

Large corner unit with bay views in Edgewater. This spacious 2-bedroom condo features white quartz flooring and a light-filled master bedroom. Onyx on the Bay is a modern condo building located in a hip urban setting, with easy access to Wynwood, Design District and Miami Beach.

 

Renovated Home in Coral Terrace

6350 SW 27TH ST, Miami, FL 33155

3 bedrooms / 2 bathrooms / 1,599 Adj Sq Ft / 7500 sq ft Lot / Yr Built 1956

Sold for $507,500 ($317/sq ft) in May 2016

Listed by Carlos Villanueva, The Keyes Co

Fully renovated 1950’s 3-bedroom single-family home located just west of Coral Gables in Coral Terrace. The home features gleaming wood floors, a modern open kitchen and a 1-car garage. Sits on large lot (7,500 sq ft lot) with ample room for a pool or an addition.

 

Brickell Condo

BrickellHouse – 1300 Brickell Bay Drive #3108, Miami, FL 33131

2 bedrooms / 2 bathrooms / 1,151 Adj Sq Ft / Yr Built 2014

Sold for $510,000 ($443/sq ft) in June 2016

Listed by Barbara Elmir, Cervera Real Estate

Modern 2-bedroom plus den Condo at newly built BrickellHouse. Located in the heart of Brickell, this urban retreat features Italian porcelain floors, European cabinetry and a large terrace overlooking the Brickell skyline. BrickellHouse has 5-star amenities including a luxury spa and rooftop pool and bar.

In today’s evolving real estate market, it is crucial to work with a professional Realtor that has the intimate market knowledge and real estate experience to get the job done.

If you are thinking of buying or selling real estate in Miami, feel free to give me a call at 786-301-5357, or shoot me an email at [email protected]

 

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