250 NE 119th Terrace, Miami, FL 33161

$2,250,000
Property Type: Residential Income Square Footage: 5,600 Status: Active
Current Price: $2,250,000 List Date: 10/19/2026 Last Modified: 10/19/2026

Overview

Description

Brand-new two-story duplex offering exceptional flexibility and income potential in North Miami Beach. Each side is currently configured as a spacious 4-bedroom, 4-bathroom residence spanning two full floors, totaling approximately 5,600 sq ft of new construction.The layout provides an opportunity for functional separation between upper and lower levels. With proper permits and approvals, the property may be reconfigured into four separate units. Using the current layout, this could result in four 2-bedroom, 2-bathroom units, each offering approximately 1,400 sq ft — an extremely generous size that supports strong rental income potential.Additionally, the floor plan allows the possibility to add another bedroom per unit (subject to approvals), creating four 3-bedroom, 2-bathroom units, further enhancing rental value and long-term return.Features include balconies, in-unit washer and dryer, individually metered A/C systems, and on-site parking.Ideal opportunity for investors seeking n ...

Listing Details MLS# A12089528

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Living Area Main
5600
Year Built
2026
Parking Total
4
Outdoor Living Spaces YN
Yes
Stories Total
2
Pool Private YN
No

Property Features

Documents Available: Other Available Information Flooring: Tile Property Condition: New Construction Structure Type: Duplex Construction Materials: Block Cooling: Central Air; Electric Heating: Central; Electric; Separate Meters Listing Terms: Cash; Conventional Lot Features: Room for Pool Possession: Negotiable Roof: Other Sewer: Public Sewer Tax Information: City/County; Tax Reflects No Exemptions Utilities: Cable Available Water Source: Public Showing Requirements: Showing Service Outdoor Living Spaces: Balcony Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Parking Features: Parking Space Unit 2 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Parking Features: Parking Space

Contract Information

Comp Sale YN
No
Original List Price
2250000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
250
Street Direction Prefix
NE
Street Name
119th
Street Suffix
Terrace
City Name
Miami
Municipal Code
30
State Or Province
FL
Postal Code
33161
Postal Code +4
0000
Postal Zip
33161
Subdivision Name
BELLEVUE BISCAYNE
Area
2220
Elementary School
Gratigny
Middle Or Junior School
North Miami
High School
North Miami
Parcel Number
3022310370330
Subdivision Number
37
Zoning
5700
Flood Zone
AE

Financial Information

Tax Annual Amount
10242
Tax Year
2025
Tax Legal Description
BELLEVUE BISCAYNE PB 17-29 LOTS 15 TO 19 INC BLK 6 PER UNITY OF TITLE DATED 5/11/65 & W25FT OF N1/2 OF ST LYG BTW BLKS 6 & 7 PB 17-29 LOT SI

Status Change Information

Major Change Timestamp
2026-10-19T04:00:00Z
Major Change Type
New Listing
Status Change Date
2026-10-19

More Information

Income and Expenses

Gross Income
14000

Storm Protection

Impact Glass
Complete

Unit 1 Details

Actual Rent
7000
Baths Full
4
Efficiency YN
No
Furnished
Unfurnished
SqFt
2800

Unit 1 Lease Description

Occupant Type
Vacant

Unit 2 Details

Actual Rent
7000
Baths Full
4
Efficiency YN
No
Furnished
Unfurnished
SqFt
2800

Unit 2 Lease Description

Occupant Type
Vacant

Price Calculations

Current Price To SqFt
401.78

Section Details

Parcel Number MLX
0330

Originating Details

Originating System Key
563479880
Originating System ID
M00000151
IDX
Listing Office: Compass Florida, LLC
Source MLS Verified
Last Updated: October - 19 - 2026
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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