Building Details

Year Built 1972

Tenancy Multi

Listing Agency: One Sotheby's International Realty Show Phone

Listed By: Jill Penman · License #3055685 Show Phone

Source: Exitrealty

Added: May 5, 2025 Changed: Oct 23 Last Checked: Oct 23 at 5:23AM

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Investment Insights

Based on property information with market context.

Located at 2960 Whitehead Street in Miami, this property combines a residential duplex with development potential on a 9,600 SF lot. The existing improvements include two separate 3-bedroom, 2-bath units, each currently rented for approximately $5,000 per month, providing income while you plan future construction.

The seller notes the property is not in a flood zone and is situated in one of South Florida’s higher sea-level elevation areas. It is described as being in a tree-canopied Coconut Grove neighborhood, with proximity to bayfront parks, marinas, and the historic village.

For buyers seeking an income-producing setup with space to build, the current configuration offers two fully functioning units on one lot, with room to consider new construction plans moving forward.

Key Highlights

• 9,600 SF lot in Coconut Grove with development potential for new construction
• Two 3‑bedroom, 2‑bath units on‑site, each rented for approximately $5,000/month
• Property not in a flood zone and described as in one of South Florida’s highest sea‑level elevations

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

3,238

Businesses Nearby

Explore this area Business Placement

Demographics for 33133, FL

34,141

Population

17,235

Households

2

Avg Household Size

43

Median Age

62%

College-Educated

95%

High-School Grad

4.2 sq mi

ZIP Area

8,129

Density / Sq Mi

$92,734

Median Household Income

$58,233

Median Earnings

$1,945

Median Rent

$906,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Duplex - 9,600 SF lot with two rented 3-bedroom, 2-bath units and development potential in Coconut Grove.

Where is this duplex located?

The property is located at 2960 Whitehead Street Coconut Grove, FL.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: 9,600 SF lot in Coconut Grove with development potential for new construction; Two 3‑bedroom, 2‑bath units on‑site, each rented for approximately $5,000/month; Property not in a flood zone and described as in one of South Florida’s highest sea‑level elevations