$400,000

520 38th St #12, Miami, FL 33137

Bedrooms
2
Baths
1
Living area
725 ft²
Price per ft²
$552 / ft²
Type
Condo
Year built
1970
HOA
$488 / mo HOA
On market
7 days on market
MLS #
A12088572

A smart opportunity for investors seeking a well-located Miami property or buyers looking for an affordable entry into one of the city’s most dynamic areas. Welcome to this charming 2-bedroom, 1-bath residence in one of Miami's most vibrant and desirable areas. Featuring warm wood floors throughout, a functional layout, in-unit washer and dryer, and two dedicated parking spaces, this home offers both comfort and convenience. The community features a pool and inviting green space/mini park, creating a relaxing setting just minutes from the best of Miami. Ideally located between the Design District, Edgewater, and Wynwood, you'll be close to premier shopping, acclaimed restaurants, art galleries, entertainment, and everyday conveniences. Enjoy nearby Stearns Park and Albert Pallot Park, while convenient access to I-195 makes commuting to Miami Beach, Downtown, Brickell, and surrounding areas easy.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $552. The median for recorded sales in the same ZIP codes is $913/ft² — putting it 40% below the median.
  • Position in the area’s price distributionThe asking price is $400,000; the median of recorded sales in the area is $690,000 (1,629 sales). On raw price that is 42% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $488 per month comes to $5,856 a year — 1.5% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33132, 33137 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$120,000
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$1,853
Loan amount
$280,000
Total interest over the term
$387,243
Total repaid
$667,243

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

BHHS EWM Realty

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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