1053 NORTH WEST 29TH ST, Miami
$2,420,000 USD
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| Address | 1053 NORTH WEST 29TH ST, Miami |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Business Location | Other Location |
| Price | $2,420,000 |
| Previous Price | $2,360,000 (12 days ago) |
| Property Status | Active |
| MLS Number | A11926162 |
| Property Size | 5650 |
| Lot Size | 5650 |
| Year Built | 2021 |
| Parking Space Number | 8 |
| Folio Number | 01-31-26-036-1160 |
| Zoning Information | 4801 |
| Days on Market | 117 |
Detailed Description: Designed and built in 2021 as a multifamily short- and long-term rental property, Casa Flambo is a boutique 5 apartments community centered around a tropical patio inspired by Latin American architecture. The property includes secured indoor parking for 8 cars plus abundant free street parking. Held under an LLC, it carries a City of Miami Apartment Hotel license for short term rentals and is active on Airbnb and LTR platforms. Located in a Qualified Opportunity Zone amid rapid development, it offers major tax advantages, including the potential for ZERO federal capital-gains tax – an exceptional edge in today’s high-rate, inflationary market, where tangible assets like Casa Flambo provide steady, reliable income amid the volatility and uncertainty of traditional financial investments.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33127 |
| Address | 1053 NORTH WEST 29TH ST |
| Business Location | Other Location |
| Section | 26 |
| Zip Code (4 Digits) | 3869 |
Financial Information
| Price | $2,420,000 |
| Price per Foot | $0 |
| Previous Price | $2,360,000 |
| Folio Number | 01-31-26-036-1160 |
| Tax Amount | $22,098 |
| Tax Year | 2025 |
Full Descriptions
| Detailed Description | Designed and built in 2021 as a multifamily short- and long-term rental property, Casa Flambo is a boutique 5 apartments community centered around a tropical patio inspired by Latin American architecture. The property includes secured indoor parking for 8 cars plus abundant free street parking. Held under an LLC, it carries a City of Miami Apartment Hotel license for short term rentals and is active on Airbnb and LTR platforms. Located in a Qualified Opportunity Zone amid rapid development, it offers major tax advantages, including the potential for ZERO federal capital-gains tax – an exceptional edge in today’s high-rate, inflationary market, where tangible assets like Casa Flambo provide steady, reliable income amid the volatility and uncertainty of traditional financial investments. |
| Year Built Description | Resale |
| How to Reach | From Miami Airport, take Hwy 112 east, exit at NW 27th Ave, go north, then turn left on NW 29th St; Casa Flambo is a quick 7–8 minutes from the airport off-peak. It’s also just blocks from the rapidly developing Wynwood district |
| Roof Description | Built-Up, Shingle |
| Floor Description | Concrete |
| Cooling Description | Central Building A / C |
| Heating Description | Central Electric |
| Water Description | Public |
| Sewer Description | Public Sanitation |
| Parking Description | Assigned, Garage, Guest |
Property parameters
| Living Area | 5650 |
| Lot Size | 5650 |
| Total Acreage | 0.000 |
| Zoning Information | 4801 |
| Maximum Leasable Size | 5650 |
| Year Built | 2021 |
| Type of Property | Income / MultiFamily |
| Type of Business | Apartments, Residential-Multi-Family |
| Construction Type | Concrete Block With Brick |
| Stories Number | 3 |
| Street Direction | North West |
| Parking Space Number | 8 |
| Listed with | Get More Offers |