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512 SW 21st Ave
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$875,000

512 SW 21st Ave, Miami

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0 bd·0 ba·0 sqft
10,001 sqft lotCitrus Grove

512 SW 21st Ave, Miami, FL

0 bd · 0 ba · 0 sqft Land listed at $875,000 in the Citrus Grove neighborhood.

About this home

512 SW 21st Ave offers a rare dual-use opportunity in Little Havana: renovate the existing single-family home plus detached efficiency, or redevelop the 10,000 SF corner lot under Miami 21 to build 8 units. The main 2-story 1926 home needs interior updates, allowing a value-add investor or homeowner to create significant equity. The second structure functions as an efficiency with its own bathroom-ideal for rental income or guest use. Developers can build 8 units by right under T4-R. The lot's 100' x 100' layout allows excellent design flexibility for townhomes or boutique multifamily. Investors can renovate both buildings for dual income while holding the land for future development. With strong rental demand and proximity to Brickell, Coral Gables, and the Civic Center, this property offers versatility, appreciation potential, and long-term value in one of Miami's most resilient neighborhoods.

Property details

Price
$875,000
Bedrooms
0
Bathrooms
0
Lot size
10,001 sqft
Type
Land
Days on market
134
Est. property tax
$7,525/yr · $627/mo · 0.86% FL avg
Last sold
$179,000 · Jul 1993
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Estimated monthly payment

Down payment20% ($175,000)
Interest rate6.75%
Principal & Interest$4,540
Property Tax$802
Insurance$150
Total$5,492/mo

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Price history

▼ 2.8%Most recent change on 2026-04-02: $900,000 → $875,000.

$1.36M$715K$72K$179K on Jul 93 (Sold)$399K on Jun 14 (Initial list)$399K on Dec 14 (Price change)$1.25M on Oct 24 (Initial list)$1.25M on Oct 24 (Initial list)$1.20M on Dec 24 (Price change)$1.18M on Feb 25 (Price change)$1.18M on Feb 25 (Initial list)$950K on Dec 25 (Initial list)$950K on Dec 25 (Initial list)$900K on Jan 26 (Price change)$900K on Jan 26 (Price change)$875K on Apr 26 (Price change)
$179K · Jul 93$875K · Apr 26
  1. Apr 2, 2026$875,000Price change
  2. Jan 23, 2026$900,000Price change
  3. Jan 23, 2026$900,000Price change
  4. Dec 12, 2025$950,000Initial list price
  5. Dec 12, 2025$950,000Initial list price
  6. Feb 27, 2025$1,180,000Initial list price
  7. Feb 4, 2025$1,180,000Price change
  8. Dec 13, 2024$1,200,000Price change
  9. Oct 24, 2024$1,250,000Initial list price
  10. Oct 22, 2024$1,250,000Initial list price
  11. Dec 25, 2014$399,000Price change
  12. Jun 27, 2014$399,000Initial list price
  13. Jul 20, 1993$179,000Sold

Location

This home is located in Miami, FL, in the South Florida area. Browse more Miami listings on the Miami market page or explore the full Miami market report.

Location

Map of 512 SW 21st Ave, Miami
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Home Intelligence

Neighborhood (zip 33135)

This neighborhood is primarily renter-occupied (21% owner-occupied). Median age is 45.0; 14% hold a bachelor's degree; median household income is $35,185.

Median income
$35,185
Median age
45.0
Owner-occupied
21.0%
Bachelor's degree
14.1%
Census median home value
$367,100

Source: US Census Bureau American Community Survey 5-year estimates.

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