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For Sale
Listed on August 25, 2025

531 NE-55 TER

$1,480,000
3 Beds
2 Baths
1,896 sqft
1 Parking
Lot size
6,540 sqft
Annual Tax
$26,248
Occupancy
Contact Agent
Year Built
1938
Property type
House
#MLS
A11864952

Description

531 NE 55th Terrace is a unique opportunity to renovate a historic home in coveted Morningside. Already gutted and stripped down to the studs, this 1,900 square foot 3 bed plus garage is the ideal canvas for an end user or developer to execute their vision. One can also expand the house another ~985 square feet, create a second story and add a pool. Buyer to confirm all zoning possibilities with their own architect. *All new windows + doors have been purchased, are already on site and included in the sale. All advertised renderings are virtual and for marketing purposes only.
Compass Florida, LLC

Features & Details

Learn about the features and details of 531 NE-55 TER

Property Details

  • Property Type
    SingleFamilyResidence
  • Living Area
    1,896 sqft
  • Year Built
    1938
  • Lot Size
    6,540 sqft
  • Stories
    -
  • Annual Tax
    $26,248.00
  • List Date
    8/25/2025
  • Updated
    11/27/2025
  • Last Checked
    Recent
  • MLS Number
    #A11864952
  • Brokerage
    Compass Florida, LLC
  • Postal Code
    33137
  • Area
    Miami-Dade
  • City
    Miami

Additional Property Features

  • Occupancy
    CallAgent
  • List Price
    $1,480,000.00
  • Unit Number
    -
  • Construction
    Block
  • Heating
    Other
  • Fireplaces
    -
  • Garage
    1 Car Garage
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    Other
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    None
  • Patio
    Deck
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
    –
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2024
  • Assignment
    No
  • Extras Included
    None
  • Virtual Tour
    View virtual tour

Inside

  • Bedrooms & Baths
    3 Bed, 2 Bath
  • Bedrooms
    3
  • Full Bathrooms
    2
  • Ensuite
    Yes
  • Bathrooms
    2
  • Flooring
    Mixed

Price history

Learn about the price history of 531 NE-55 TER

Real estate trends

View trends of price in Miami over the last 12 months

Explore Miami-Dade

Learn about the area around 531 NE-55 TER

Mortgage Calculator
Estimate monthly payments for 531 NE-55 TER
$0
20.0%
$1,480,000
1%
5.25%
10%
Estimated Monthly Payment

$7,095

Cash Flow Analysis
Mortgage Payment:
$7,095.09
Monthly Payment:
$9,282.43
Break Even Down Payment:
100%
Cash Flow
$0
Disclaimer: This calculator provides estimates for informational purposes only. Consult a financial advisor for personalized advice.

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About this property

Discover this exceptional singlefamilyresidence in the heart of Upper East Side, Miami. This well-appointed property offers 3 bedrooms, 2 bathrooms, 1,896 square feet of living space situated on a 6,540 square foot lot. Originally built in 1938. Offered at $1,480,000.00 The property comes with None. Don't miss this opportunity to own in one of the area's most desirable locations.

FAQs About 531 NE-55 TER

531 NE-55 TER, MLS® A11864952 has a size of 1896 sqft.

There are 3 bedrooms and 2 bathrooms in this House at 531 NE-55 TER, MLS® A11864952.

Yes, there is parking available with 1 spot(s).

Annual taxes for this home are $26,248 based on 2024 tax year reports.
Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
©2025 Miami Association of REALTORS® all rights reserved.
531 NE-55 TER