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Shadowlawn Extension Sub

$1,099,999

171 NW 47th St, Miami, FL 33127

Active
Last Updated: 07/31/2026

1,652 sqft

Building Size

2

Units

Details:
Building Size:    1,652 sqft
Units:    2
Year Built:    1980
Floors:    1
Parking Spots:    4
Gross Leaseable Area:    1,540
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot, Regular Lot, West Of US 1
  • Documents Available: Deposit - Last Months Rent, Copy Of Lease(S), Other Available Information, Rent Rolls
  • Architectural Style: Detached
  • Cooling: Central Air, Other, Wall/Window Unit(s)
  • Heating: Central
  • Flooring: Tile
  • Construction Materials: Concrete Block Construction, CBS Construction
Description:

Rare find in the heart of Buena Vista: a full ground-up renovation completed in 2022, with over $100K in improvements since. Two private 2BR/1BA units, separate entrances, 1,540 sf living (1,652 sf total) on a 5,000 sf lot (can be delivered vacant).

The rear unit reads like a boutique hotel: Italian flooring, custom millwork and built-ins, a spa shower with lit niches, high-end appliances. Out back, a landscaped oasis under 50+ palms with an outdoor lounge and dining area - a true private retreat in the middle of the city.

Live in one, rent the other, or run both. Prior owner's records reflect short-term rental income upwards of $10,000/month, achieved before the current improvements. The next owner sets the terms from day one.

Walk to the Design District, Wynwood and Midtown; 10-15 minutes to South Beach. Same-size lots on this block are trading as new-construction luxury homes at $3M+ - own the income today and the upside tomorrow.

Seller-paid buydown and specialty financing available at full price through affiliated lender Olympus Financial (NMLS #2469800). Buyer not required to use; ABA disclosure provided. Listing agent holds an ownership interest.

Map:
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