1299 NW 50th St, Miami, FL 33142

Rare Opportunity! Expansive Lot in Booming Allapattah – Near Wynwood & Health District!

Unlock immense potential at 1299 NW 50th St, Miami, FL 33142! This property features a modest 1-bedroom, 1-bathroom single-family home of 400 sqft, built in 1961, but its true value lies in its massive 10,500 sqft lot. This is an exceptional opportunity for developers, investors, or homeowners looking to significantly expand in one of Miami’s most rapidly appreciating neighborhoods.

Priced at $525,000, this property offers a strategic entry point into a dynamic market. While 1-bedroom homes in Miami have seen a slight decrease in median sold price year-over-year, the overall Miami market has seen a +6.4% increase in median sold prices in May 2025, and the 33142 zip code itself is a “Buyer’s Housing Market” where prices were up +6.1% year-over-year in May 2025, with homes selling for 1.03% below asking on average. This indicates a favorable environment for negotiation and a market ripe for growth.

Situated in the heart of Allapattah, this location provides unparalleled access to major highways, the vibrant Wynwood Arts District, the expansive Miami Health District, and downtown Miami. The neighborhood is celebrated for its rich multicultural heritage, burgeoning art scene, and diverse dining. With a large lot and a prime location, this property is a blank canvas awaiting your vision to build new, expand significantly, or capitalize on the area’s ongoing transformation!

Asking Price: $525,000