3049 NW 5th Ave, Miami FL 33127, MIAMI, FL, 33127
Active479 days on marketListed Apr 22, 2025MLS #A11788309
About this home
3049 NW 5th Ave, Miami FL 33127
Rare development opportunity in Miami’s thriving Wynwood Norte neighborhood—this vacant lot is zoned for up to 24 residential units, with the potential for significantly greater height and density under the Live Local Act. Perfectly positioned just minutes from Wynwood Walls, Midtown, and the Design District, the property offers excellent visibility in one of the city’s most dynamic areas. Adjacent property owners have expressed interest in selling, making this an ideal moment to assemble a larger footprint. Whether you're developing market-rate housing, co-living, or a mixed-use concept, this site offers unmatched flexibility and long-term value. Seize the chance to be part of Wynwood Norte’s growth and transform this prime parcel into a standout project.
Facts & features
The home at a glance
0.165 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$8,944 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$8,944/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Wynwood
Get to know Miami. See the full Miami guide →
Wynwood — neighborhood snapshot
Population
7,241
Median age
32
Median income
$42,572
Median home value
$68,671
Avg household
2
Households w/ children
645
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 227% above the MIAMI 33127 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 3049 NW 5th Ave
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Sep ’25$780,000
3210 NW 3rd Ave, Miami FL 33127 · same community
1 bd · 1.5 ba · 854 sqft · $913/sqft · 121 DOM
Sold · Mar ’26$550,000
1600 NE 1st Ave # 2816, Miami FL 33132
2 bd · 2 ba · 492 DOM
Sold · Jun ’26$400,000
1600 NE 1st Avenue # 1011, Miami FL 33132
1 bd · 1.5 ba · 116 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Kat Bonelli
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 3049 NW 5th Ave — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 3049 NW 5th Ave — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Kat's phone and CRM.
Straight answers
3049 NW 5th Ave FAQs
What would the monthly payment be for 3049 NW 5th Ave, Miami FL 33127?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $8,944/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 3049 NW 5th Ave, Miami FL 33127?+
The most recent tax bill on record (2024) was $8,457. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Miami?+
At $1,400,000, this home is listed about 130% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 3049 NW 5th Ave, Miami FL 33127?+
Eneida M. Hartner Elementary School (elementary), Jose De Diego Middle School (middle), District Instructional Center (Dic) (), Booker T. Washington Senior High (high), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$1,400,000 runs 227% above the MIAMI 33127 median.
02Time on market is leverage
479 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $2,500,000, now $1,400,000 — a $1.1M cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of SM Contracting, LLC. · Stephen Meruelo. MLS #A11788309.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New Miami homes, in your inbox
Like 3049 NW 5th Ave, Miami FL 33127 but not quite? A daily digest of every new listing in Miami — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Kat to ping you on any price or status change →