$389,000
DEVELOPMENT OPPORTUNITY IN CENTRAL MIAMI! Rare opportunity to acquire a 5,000+ Sq. Ft. lot in a centrally located area just minutes from Miami International Airport and a short drive to Brickell, Wynwood, and Downtown Miami. The property offers a canvas for investors, developers, or buyers looking to create a new residential project- There is an existing structure on site that is being used for a 5 bedroom short term rental business with significant annual profits as well as a separate 1 bedroom/1 bathroom guest house that providing additional living space. The property also features a spacious fenced lot with space to add a pool or extend the current structures. The homes driveway provides ample parking, plus additional street parking available. Just a short 10 minutes walk to metrorail station and 2 minutes walk to nearby bus stop- ideally located for commuters. Zoned Residential with Medium Retail designation, offering potential flexibility for residential, business, or retail use, subject to applicable zoning regulations and approvals. Located in an area where businesses operate from residential properties, creating an attractive opportunity for investors, owner-users, or developers. Property has existing city violations- very motivated seller and priced to sell!
The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.
How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.
Scope: ZIP codes 33127, 33136, 33142 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.
Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.
7.03% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 24, 2026.
Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.
Modern World Realty
Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.
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$2,500,000 — 3660 20th Ave, Miami, FL 33142 — listing details
3660 20th Ave, Miami, FL 33142
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$2,500,000 — 3660 20th Ave, Miami, FL 33142 — listing details
3660 20th Ave, Miami, FL 33142
RE/MAX 360 Real Estate
