8701 NE 8th Ct, Miami FL 33138, Miami
$1,175,000
Miami, FL, 33138
Property details
- Living area
- 2,664 sqft
- Year built
- 1940
- Type
- Triplex
- Days on market
- 0
- MLS #
- A12058364
Listing courtesy of Compass Florida, LLC · 305-315-2396. Listing agent: Li Bensimon. MLS data last updated 2026-07-22.
Description
Prime Corner-Lot Opportunity in Shore Crest! This rare 11,994 SF parcel is zoned for up to four units, just minutes from Biscayne Bay. Three tenant-occupied residences across separate structures: two 3-bedroom/1-bath units and one 1-bedroom/1-bath - currently generate $72,000 in annual income, giving investors immediate cash flow while they plan their next move: renovate the existing units for higher rents or clear the lot and build new. Shore Crest sits minutes from Miami's beaches, waterfront parks, marinas, and the restaurants and nightlife along Biscayne Boulevard, with Downtown Miami and the Design District just a short drive away. For a developer or investor, this is a rare combination: immediate income to offset holding costs, a corner lot with real flexibility for up to four units, and a location positioned for long-term appreciation.
8701 NE 8th Ct, Miami FL 33138, Miami — for sale, listed for $1,175,000 (2,664 sqft).
2,427 listings for sale in miami · median $665,900.
Local market report
Market trend (our weekly archive)
Our weekly snapshot archive tracks the median for listings for sale in miami: $414/sqft in 2026-W30 to $414/sqft in 2026-W31.
This history is computed from our own recorded market snapshots, not backfilled estimates.
n=2,427 · 2026-07-27 · Methodology
Closest-priced alternatives
The 4 active listings closest in price within the same market segment:
ZIP vs city price level
Active listings like this in ZIP 33138 show a median asking $479/sqft — 15.8% above the Miami median asking of $414/sqft.
n=20 · 2026-07-27 · Methodology
Run the numbers
Are sellers cutting prices here?
31% of the 2,427 active listings for sale in miami have reduced their asking price at least once — a direct read on seller flexibility in this segment.
n=2,427 · 2026-07-27 · Methodology
Current market segment
Right now: 2,427 active listings for sale in miami, median asking price $665,900, median $414/sqft.
n=2,427 · 2026-07-27 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-27 · Methodology
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