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250 NE 119th Terrace Miami, FL $ 2,500,000
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$ 2,500,000 Get more info
250 NE 119th Terrace
$ 2,500,000
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New Construction
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250 NE 119th Terrace

Miami, FL, 33161
$ 2,500,000
Bedrooms4 Baths4.0 Sq 5,600

Monthly Estimate*

$ 15,393

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Multi-Family Home for sale in Miami, FL

for $2,500,000 with 4 bedrooms and 4 full baths. This 5,600 square foot home was built in 2026.

Brand-new two-story duplex offering exceptional flexibility and income potential in North Miami Beach. Each side is currently configured as a spacious 4-bedroom, 4-bathroom residence spanning two full floors, totaling approximately 5,600 sq ft of new construction. The layout provides an opportunity for functional separation between upper and lower levels. With proper permits and approvals, the property may be reconfigured into four separate units. Using the current layout, this could result in four 2-bedroom, 2-bathroom units, each offering approximately 1,400 sq ft — an extremely generous size that supports strong rental income potential. Additionally, the floor plan allows the possibility to add another bedroom per unit (subject to approvals), creating four 3-bedroom, 2-bathroom units, further enhancing rental value and long-term return. Features include balconies, in-unit washer and dryer, individually metered A/C systems, and on-site parking. Ideal opportunity for investors seeking new construction with immediate usability and significant upside through strategic reconfiguration (buyer to verify all feasibility with the city).

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Multi-Family Active

Price

$ 2,500,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 10,242

Style

Year Built

2026

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11950336
Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available
Possession Closing & Funding
Roof Other
Development Status New Construction
Pool Features None
Construction Materials Block
Year Built 2026
Stories Count 2
Levels Two
Property Subtype Duplex
Tax Year 2025
County Miami-Dade
New Construction true
Property Type Residential Income
Subdivision Name BELLEVUE BISCAYNE
Rent Includes Other
Full Baths 4
Status Active
City Miami
Zoning Description 5700
Number Of Units Total 2
MLS Area 22
Lot Size Units Square Feet
Listing Terms Cash Conventional
Year Built Details New Construction
Tax Annual Amount 10242
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11950336
Standard Status Active
Occupancy Type Vacant
Property Sub Type Additional Duplex
Legal Description BELLEVUE BISCAYNE PB 17-29 LOTS 15 TO 19 INC BLK 6 PER UNITY OF TITLE DATED 5/11/65 & W25FT OF N1/2 OF ST LYG BTW BLKS 6 & 7 PB 17-29 LOT SI
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Interior
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Window Features Impact Glass
Half Baths 0
Total Bedrooms 4
Total Baths 0
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Exterior
Exterior Amenities Balcony Room For Pool
Lot Features < 1/4 Acre
Water Source Public
Total Parking 4
Building Area Total 0
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Compass Florida, Llc

Broker

305-906-1526

Contact

Affordability Calculator

$16,246
Per Month
95%
5%
0%
Monthly Principal & Interest
$15,393
Monthly Property Taxes
$854
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
3/2/2026 $2,500,000 -10.71% Price Down
2/17/2026 $2,800,000 -13.85% Price Down
1/29/2026 $3,250,000 Listed Price

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250 NE 119th Terrace, Miami, FL, 33161 is a Multi-Family Home for sale at $2,500,000 with 5,600 sqft. 250 NE 119th Terrace has 4 bedrooms, 4.0 baths, and was built in 2026. The property's zip code is 33161 which is in Miami, FL

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