14481 SW 291st St, Homestead, FL 33033

Exceptional Value & Great Potential in North Miami Beach! Spacious 3-Bedroom Home for $269,990!

Welcome to 1275 NE 200th Ter, a spacious 3-bedroom, 2-bathroom single-family home perfectly situated on a generous 8,231 sqft lot in the quiet Mansionette Homes Sec 02 subdivision of North Miami Beach, FL. Built in 1954, this inviting 2,050 sqft residence (some records indicate 2,371 sqft of living area or total area) offers ample space, a practical layout, and an incredible opportunity for a homeowner or a savvy investor looking for value in a vibrant South Florida community.

This home is constructed with durable concrete block and features a Bahama/Ceramic Tile roof, indicating solid construction. While some records suggest it has been “delisted” recently, its attractive price point of $269,990, significantly below current market estimates (Redfin estimates the home’s value at $525,855, Zillow at $514,200, and Trulia at $588,300, with some recent sales in the area ranging from $370,000 to over $800,000 for similar homes), points to a potential for substantial equity gain for the right buyer. It offers a great opportunity to customize and add value. The property has a 1-car carport and ample lot space.

Experience the Dynamic North Miami Beach Lifestyle: North Miami Beach offers a unique blend of urban convenience, cultural diversity, and proximity to stunning South Florida attractions.

• Affordable Entry Point to Miami-Dade: While Miami-Dade County has a higher cost of living overall, North Miami Beach presents a more accessible entry point into this dynamic market. Housing expenses, though still higher than the national average, are comparatively more affordable than in Miami proper.
• Diverse and Vibrant Community: North Miami Beach is known for its rich diversity. In 2023, its population of around 43,104 was highly diverse, with a significant percentage of residents born outside the U.S. (55.2%). This creates a vibrant, multicultural atmosphere.
• Convenient Location: Enjoy easy access to major South Florida attractions. You’re just a short drive to the beautiful beaches of Sunny Isles and Haulover Park. Major highways like I-95 are nearby, connecting you to downtown Miami, Fort Lauderdale, and international airports.
• Job Opportunities: The area has a growing job market, with key industries including retail trade, healthcare, social assistance, and transportation & warehousing.
• Outdoor Activities: Proximity to the Intracoastal Waterway and various parks offers opportunities for boating, fishing, and other outdoor recreational activities.
• No State Income Tax: A significant financial benefit of living in Florida, allowing you to keep more of your earnings.
• Good Schools Nearby: The area is served by Miami-Dade County Public Schools, with highly-rated options like Madie Ives K-8 Preparatory Academy (7/10) and Dr. Michael M. Krop Senior High School (5/10) within a mile.

Considerations for Living in North Miami Beach: Like much of South Florida, North Miami Beach experiences hot and humid summers with a risk of hurricanes (though this specific property’s flood zone status is not specified, it’s a general Florida consideration). Traffic congestion can be significant, and while public transit exists, a car is generally necessary for convenient commuting. The cost of living is still higher than the national average in some categories, particularly groceries and utilities.

The North Miami Beach housing market is currently showing signs of being a buyer’s market (as of June/July 2025). Median home prices were down by 13.2% year-over-year in June 2025, with a median sale price of $498,900. Homes are staying on the market longer (median 109 days), and a significant percentage of sales (around 94.4%) are closing below the list price. This indicates that buyers have more leverage and opportunities for negotiation.

With an estimated refinance payment of approximately $3,641/mo, this spacious single-family home presents an exceptional opportunity at $269,990. Given its size, location, and the current market dynamics, this property offers incredible potential for a homeowner seeking to build equity or an investor looking for a strong return in the competitive South Florida real estate market.

Don’t miss the chance to acquire this promising property in North Miami Beach! Schedule your private showing today and unlock its full potential.