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    250 23Rd St Miami, FL 33127

    For Sale
    $845,000

    Rare Work/Live Condo, 1463 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,463-square-foot Wynwood loft offers a unique blend of work and living spaces. Located in a 4-story, 2005-built building in the heart of Miami's Wynwood Arts District, this top-floor corner unit boasts a flexible layout currently configured with two office suites and a spacious 1,000-square-foot open loft area. The unit features double-door access, wide corridors, access to a freight elevator and a receiving garage bay. High ceilings (12+ feet), concrete floors, and central air conditioning create a sophisticated atmosphere. Three large bay windows (8 x 7.5 feet) flood the space with natural light. The kitchen is equipped with an oversized island and Miele appliances, and the unit includes in-unit laundry and custom closets. Electronic blinds add a touch of modern convenience. Building amenities include a pet-friendly policy, an on-site pool, security cameras, assigned parking, and a rooftop terrace. Asking price is $845,000. This property is a rare opportunity to own a versatile and stylish space in a vibrant Miami neighborhood. The property is classified as both industrial and multifamily, offering a unique investment opportunity.

    Property Features for 250 23Rd St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2005
    Buildings
    1
    Stories
    4

    HighLights

    • $845,000 asking price.
    • 2005‑built, four‑story, one‑building flex/apartment complex in Miami, FL.
    • 1,463 SF top‑floor corner unit with 12'+ ceilings, concrete floors, and abundant natural light.
    • Features include two office suites, a large open loft area, double‑door access, freight elevator, receiving garage bay, oversized kitchen island, Miele appliances, in‑unit laundry, custom closets, and electronic blinds.
    • Building amenities: on‑site pool, security cameras, assigned parking, and rooftop terrace.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wynwood Lofts Condominium Complex Eurolab Inc Dental Laboratory Charest-Weinberg Gallery, LLC Art Gallery Radio 105 @ Miami Radio Broadcaster Harris Food Group ... Grocery Store

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Hair Salon Restaurant Nail Salon Building Supply Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1998205
    Latitude
    25.7992869

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    FAQs

    What type of property is this?
    Multifamily property - Rare Work/Live Condo, 1463 SF
    Where is this multifamily property located?
    The property is located at 250 23Rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $845,000.
    What are key features of this property?
    This property features: $845,000 asking price.; 2005-built, four-story, one-building flex/apartment complex in Miami, FL.; 1,463 SF top-floor corner unit with 12'+ ceilings, concrete floors, and abundant natural light.
    Request Owner's contact information
    250 23Rd St Miami, FL 33127
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 23Rd St Miami, FL 33127
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