Property Description

Situated in one of Miami’s fastest-growing urban neighborhoods, just minutes from Wynwood, the Design District, Midtown Miami, and Downtown—an area experiencing strong residential and development demand. The property features a two-story duplex-style layout with independent entrances, allowing for dual rental income, owner-occupant flexibility, or the option to combine both levels into a spacious single-family residence. Approximately 2,254 SF of building area on a ~5,340+ SF lot, offering significant living space that can be optimized for rental, multi-generational living, or a large custom home renovation. Currently, both units are leased to one tenant. Ideal for investors seeking income-producing duplex use, renovation upside, or repositioning into a large single-family home in a rapidly appreciating neighborhood. The property may present an opportunity for assemblage with neighboring parcels, creating a larger footprint suitable for future redevelopment consistent with the area's ongoing urban growth. As of early 2026, the data shows a robust 5.8% year-over-year appreciation in price per square foot (PSF), a trend it's projected to accelerate as the Edgewater district nears full build-out.

Overview

At a glance

Property Type

Land & Docks

Property Sub-Type

Unimproved Land

Address

314 NE 26th Terrace, Miami, FL 33137

Zoning

6405

MLS ID

A12001468

Listing Date

2026-04-15

Last Updated

4/15/2026, 9:03:50 PM

Days on Market

58

Subdivision

ESCOTTONIA PARK

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