3527 NW 17th St, Miami, FL 33125

Affordable Opportunity in North Miami! Charming 2-Bedroom Home with Potential for $319,900!

Welcome to 328 NW 120th St, a charming 2-bedroom, 1-bathroom single-family home perfectly situated on a spacious 9,450 sqft lot in the Alhambra Heights Sec 02 subdivision of Miami, FL. Built in 1951, this inviting 1,346 sqft residence offers a fantastic opportunity for first-time homebuyers, a small family, or a savvy investor looking for a property with significant potential in a desirable area of North Miami.

Step inside and envision the possibilities! This home provides a practical layout and a solid foundation, ready for your personal touches and updates. It features durable construction with concrete block and a blend of roofing materials including Bahama and ceramic tile. The expansive lot offers ample outdoor space for future expansion, a garden, or simply enjoying the South Florida sunshine.

Experience the Vibrant North Miami Lifestyle: North Miami offers a unique blend of cultural attractions, convenient access to urban amenities, and a growing community feel.

• Central Location: North Miami is well-connected within South Florida, providing excellent accessibility to downtown Miami for finance and technology industries, nearby medical centers (like HCA Florida Aventura Hospital), and easy commutes to Fort Lauderdale.
• Outdoor Recreation: Home to Oleta River State Park, Florida’s largest urban park (over 1,000 acres), offering kayaking, fishing, and mountain biking. You’re also just under 5 miles from the shores of Bal Harbour Beach, providing plenty of outdoor fun and beach access.
• Cultural Attractions: Explore the Museum of Contemporary Art (MOCA) with its renowned exhibitions and the popular “Jazz at MOCA” concert series. The Ancient Spanish Monastery also adds a touch of unique history.
• Family-Friendly Environment: Many families and young professionals reside in North Miami, with public schools generally considered above average. Schools in the 33168 ZIP code include highly-rated options like Miami Shores Elementary School and Benjamin Franklin K-8 Center.
• Affordability (Relative to Miami Proper): While prices have climbed, North Miami is still considered one of the more affordable areas compared to Miami proper, with single-family homes often ranging between $300,000 and $500,000. This makes it an attractive entry point into the competitive Miami real estate market.
• No State Income Tax: A significant financial benefit of living in Florida.

Considerations for Living in Miami/North Miami: While Miami offers endless entertainment and career opportunities, be aware of a higher cost of living (especially for housing, though North Miami is more competitive), significant traffic congestion, and the risk of hurricanes during the season (June-November). Summers are hot and humid, and public transportation can be limited, making a car essential. The area’s crime rate is often described as “pretty safe” by residents, though it’s always wise to be vigilant in any large city.

The North Miami real estate market is currently experiencing a slight downturn in average home values, with a -1.6% decrease over the past year (as of May 31, 2025). The median sale price in North Miami was around $403,500 in April 2025, and homes are going to pending in approximately 52 days. A significant percentage of sales (84.1%) are occurring under the list price, indicating a buyer’s market with potential for negotiation. This makes the current pricing of this home particularly attractive.

With an estimated refinance payment of approximately $2,911/mo, this charming home presents an excellent opportunity at $319,900 to secure a valuable property in a growing and conveniently located South Florida city. Its appealing price point, spacious lot, and desirable location make it an ideal choice for various buyers looking to enter the dynamic Miami real estate market.

Don’t miss the chance to make this delightful North Miami home your own! Schedule your private showing today and unlock the possibilities.