807 NW 51st St, Miami, FL 33127

Charming & Affordable Home with Investment Potential in Miami’s Growing NW! Only $310,000!

Welcome to 807 NW 51st St, a cozy 2-bedroom, 1-bathroom single-family home perfectly situated on a 5,560 sqft lot in the Community Park subdivision of Miami, FL. Built in 1926, this 863 sqft residence offers an incredible opportunity for a first-time homebuyer, a small family, or a savvy investor seeking an affordable entry into the dynamic Miami market with significant upside potential.

This home, constructed with a durable frame/stucco exterior and a Bahama/Ceramic Tile roof, offers a solid foundation for your vision. While it may require some updates, its prime location and attractive price point make it an ideal canvas for personalization and value addition. It’s a single-story property with good bones, ready for its next chapter. Property tax records indicate a market value of $244,283 in 2024, showing appreciation from prior years, and the current list price of $310,000 is significantly below some recent estimates of similar homes in the area.

Experience the Vibrant Miami Lifestyle: Miami offers an unparalleled lifestyle, blending international flair with sun-drenched beaches and endless opportunities.

• Rich Culture & Diversity: Immerse yourself in Miami’s vibrant cultural melting pot, particularly its strong Latin American and Caribbean influences, evident in the food, music, and art. The 33127 zip code, which includes the Liberty City and Buena Vista areas, is known for its diverse population.
• Growing Job Market: Miami boasts a robust and growing job market, especially in tourism, finance, international trade, and a rapidly expanding tech sector.
• World-Class Beaches & Outdoor Activities: Enjoy access to stunning beaches like South Beach and Miami Beach, perfect for sunbathing, swimming, and water sports. The city offers a wide range of outdoor activities, thanks to its favorable climate and natural surroundings. You’ll find numerous parks and green spaces for recreation.
• No State Income Tax: A significant financial benefit of living in Florida, allowing you to keep more of your earnings.
• Convenient Location: While residential, the property offers access to public transit options, with a “Somewhat Walkable” and “Bikeable” score. Major transit and commuter rail stations are within a 6-7 minute drive, connecting you to wider Miami. Downtown Miami’s financial district, vibrant nightlife, and cultural attractions are easily accessible.

Considerations for Living in Miami: While Miami offers endless appeal, be aware of a higher cost of living (particularly for housing, though this home presents a more accessible entry point), 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 for convenience. The area’s public schools, including Lenora Braynon Smith Elementary and Georgia Jones Ayers Middle School, have lower ratings (2/10 and 3/10 respectively).

Real Estate Market in 33127: The 33127 housing market is currently not very competitive, making it a favorable time for buyers. The median sale price in the 33127 zip code was $602,500 in May 2025, a slight decrease of 1.3% year-over-year. Homes are selling on average in 91 days, and a significant percentage (around 87.5% of homes in May 2025) are selling below the list price, indicating strong negotiation opportunities for buyers. This property’s pricing at $310,000 is considerably below the median for the zip code, highlighting its exceptional value.

With an estimated refinance payment of approximately $2,302/mo, this charming home presents an unparalleled opportunity at just $310,000 to own a piece of Miami’s vibrant real estate landscape. Its attractive price point, solid construction, and potential for appreciation in a high-demand city make it an ideal choice for various buyers looking to enter this dynamic market.

Don’t miss out on this incredible value! Schedule your private showing today and discover the potential of 807 NW 51st St.