427 Grand Concourse, Miami Shores, FL 33138 — MLS photo

Get More Info About This Property

427 Grand Concourse, Miami Shores, FL 33138

Active · SingleFamilyResidence

$1,659,000

427 Grand Concourse, Miami Shores, FL 33138

Beds
2
Baths
2
Living area
2,029 sq ft
$ / sq ft
$818/sq ft
Year built
1953
Lot size
9,750 sq ft
HOA fee
—
Annual tax
$23,749

About this property

Located on one of the most desirable streets in Miami Shores, 427 Grand Concourse presents a rare opportunity to secure a prime property in a neighborhood known for its long-term value and charm. Offered at $1,659,000, this residence sits on an expansive lot of nearly 10,000 sq ft, surrounded by some of the most prestigious homes in the area. The existing home offers approximately 2,000 sq ft of living space, making it an ideal option for a buyer looking to move in immediately or take advantage of the lot’s full potential through a thoughtful renovation or new construction. Whether you’re an end-user, investor, or developer, this property allows for multiple strategies in a location where land value continues to rise. Grand Concourse is widely recognized as one of the premier streets in Miami Shores, known for its quiet setting, tree-lined ambiance, and proximity to top schools, parks, and Biscayne Bay. Properties on this street are rarely available and consistently command strong appreciation over time. This is more than just a home—it’s a long-term investment in one of Miami’s most established and sought-after communities. A unique chance to create, renovate, or simply enjoy a property that will continue to grow in value for years to come.

Property location

Get Directions

427 Grand Concourse, Miami Shores, FL 33138

Loading property location…

Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
2,029 sq ft
Flooring
Hardwood, Wood
Appliances
None
Cooling
Central Air
Heating
Central
Interior features
First Floor Entry

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1953
Lot size
9,750 sq ft
Architectural style
Detached, One Story
Roof
Other
Construction
Brick, Block
Exterior features
None
Pool
None
View
None

Parking

Garage spaces
2
Covered spaces
2
Parking features
Covered, Driveway

HOA, Community & Financials

Annual tax
$23,749
Subdivision
MIAMI SHORES SEC 4 AMD PL
County
Miami-Dade
Days on market
105
MLS listing ID
A12013276
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$3,419

Cap rate
3.2%
Net yield
3.2%
Cash-on-cash return
-8.8%
Gross yield
5.9%
Mortgage payment
$7,865/mo
Down payment
$414,750
Loan amount
$1,244,250
Annual NOI
$53,349

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.