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$2,950,000

417 26th St, Miami, FL 33137

Year built
1921
On market
12 days on market
MLS #
A12104867

Rare opportunity to acquire prime covered land in the heart of East Edgewater, east of Biscayne Boulevard, just one block from Biscayne Bay and steps from Whole Foods and Equinox. Offered at $596/SF of land, this T6-36a-L zoned property presents a compelling opportunity to secure a strategic land position surrounded by luxury high-rises. At this land basis, buyers are essentially acquiring the land with a fully leased, ±5,000 SF, seven-unit residential building thrown in, generating $158,600 in annual gross income to help offset holding costs. The real value lies in the location, land ownership, and long-term flexibility. Investors can maintain existing income, capitalize on rental upside, explore alternative uses, or pursue future redevelopment and assemblage opportunities. Building improvements include impact windows, central A/C systems, and a silicone roof coating. Minutes from Wynwood, the Design District, Downtown Miami, and Brickell. An exceptional opportunity for 1031 exchange buyers and long-term investors looking to secure prime Miami land with income already in place. Own the land today. Collect the income. Control the upside. Seller-financing will be considered for qualified buyers.

The MiamiLi Read

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.

  • Position in the area’s price distributionThe asking price is $2,950,000; the median of recorded sales in the area is $683,150 (1,634 sales). On raw price that is 332% above the median — this line does NOT adjust for property type or size.

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 33132, 33137 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$885,000
Term

7.4% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 15, 2026.

Estimated monthly payment$14,298
Loan amount
$2,065,000
Total interest over the term
$3,082,151
Total repaid
$5,147,151

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Compass Florida, LLC

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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