500 NE 78th Street, Miami, FL 33138 (MLS# A11305243)


Offices Agents
7
Agents Found
Agustin Arellano
Southfields Real Estate, Inc.
ph: 803-295-3388
[email protected]
Ashley Arguello
Southfields Real Estate, Inc.
ph: 908-670-0614
[email protected]
http://oneforonegroup.com
Carlos R. Arellano
Southfields Real Estate, Inc.
ph: 561-644-2474
[email protected]
http://HTTP://WWW.SOUTHFIELDSRE.COM
Diego Arellano
Southfields Real Estate, Inc.
ph: 561-389-4699
[email protected]
http://southfieldsre.com/
Gina O Arellano
Southfields Real Estate, Inc.
ph: 305-389-0259
[email protected]
http://HTTP://WWW.GINAARELLANO.COM

1 2 Next

500 NE 78th Street, Miami, FL 33138

$9,000,000
Property Type: Commercial Sale Square Footage: 24,167 Status: Closed
Current Price: $9,000,000 List Date: 11/18/2022 Last Modified: 12/25/2025

Overview

Description

Peaceful 43 lodge style units sprawled across a riverfront acre in Miami’s hot new Little River/Upper East Side ‘MiMo’ (Miami Modern). The property is nestled along the neighborhood's serene Little River adjoining the neighborhoods of Ironside, Wynwood and the Design District. Close to the Brightline station, the area is undergoing an economic explosion. Major developments are sprouting up daily. The property consists of 4 buildings, 2 of which are completely renovated. These are equipped with brand new appliances, impact windows/doors, and split ACs. Washer/dryers on premises, and beautiful gardens to relax or simply observe the peaceful manatees floating by. Short Term Rental Possible. Do not pass on this opportunity to be a part of Miami’s new hot scene.

Listing Details MLS# A11305243

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
4
Occupant Type
Tenant
Building Area Main
24167
Year Built
1949
Lot Size Area
41575
Lot Size Acres
0.95

Property Features

Documents Available: Aerial Photo(s) Heating: Window/Wall Possession: Negotiable Tenant Pays: Electricity; Interior Electric Cooling: Central Building; Wall/Window Unit(s) Listing Terms: Cash Road Frontage Type: City Street Sewer: Public Sewer Water Source: Public Acreage Description: 1 To Less Than 2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
9900000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
500
Street Direction Prefix
NE
Street Name
78th
Street Suffix
Street
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33138
Postal Code +4
4539
Area
2320
Parcel Number
0132070400220
Subdivision Number
40
Zoning
3900
Flood Zone
AE

Financial Information

Tax Annual Amount
46815
Tax Legal Description
FEDERAL WAY AMD PB 25-6 LOTS 9 & 10 BLK 4 LOT SIZE 13600 SQUARE FEET

Status Change Information

Major Change Timestamp
2023-05-23T19:54:27Z
Major Change Type
Status Change
Status Change Date
2023-06-07
Under Contract Date
2023-02-13
Close Date
2023-05-23
Close Price
9000000
Buyer Financing
Cash

More Information

Income and Expenses

Vacancy Allowance Rate
5

Description of Unit Type 1

Unit Type
Efficiency
Units Total
21
Furnished
No
Annual Rent
1595

Description of Unit Type 2

Unit Type
1 Bedroom
Units Total
20
Furnished
No
Annual Rent
1880

Description of Unit Type 3

Unit Type
1 Bedroom
Units Total
Yes
Furnished
No
Annual Rent
1950

Description of Unit Type 4

Unit Type
2 Bedroom
Units Total
Yes
Furnished
No
Annual Rent
2200

Buyer Details

Intended Use
Investment
Buyer State
Florida
Zip Code
33180

Concessions

Seller Concessions
No

Section Details

Parcel Number MLX
0220

Originating Details

Originating System Key
376229639
Originating System ID
M00000151

Office/Member Information

DXORIGMLSID
SEF

Documents Available

Aerial Photo(s)
Yes

Tenant Pays

Electricity
Yes
Interior Electric
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Heating

Window/Wall
Yes

Listing Terms

Cash
Yes

Road Frontage Type

City Street
Yes

Water Source

Public
Yes

Cooling

Central Building
Yes
Wall/Window Unit(s)
Yes

Acreage Description

1 To Less Than 2 Acre Lot
Yes
IDX
Listing Office: Beachfront Realty Inc
Last Updated: December - 25 - 2025
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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