1581 NE 117 ST, Miami FL 33161, MIAMI, FL, 33161
Active243 days on marketListed Dec 10, 2025MLS #A11927844
About this home
1581 NE 117 ST, Miami FL 33161
This is a rare opportunity to acquire a desirable single family or duplex, featuring both a 2-bedroom/1-bathroom unit and a 1-bedroom/1-bathroom unit but can easily open up with by unlocking a door. It is perfect for investors seeking immediate cash flow or owner-occupants who wish to live in one unit while offsetting their mortgage by renting the other, generating steady rental income. The interior offers spacious living areas, a neutral layout, and large bedrooms. Exterior amenities include a large lot with ample yard space, a new fence for added privacy, and improved energy efficiency thanks to solar panels. Major updates include a new roof and new fence; the AC unit is approximately 8 years old. This property is an excellent fit for investors or FHA buyers looking for immediate income and long-term upside potential, boasting a potential annual income of $48,000!
Facts & features
The home at a glance
3
Bedrooms
2
Bathrooms
1,440
Sqft
1974
Year built
$485
Per sqft
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.
$4,538 /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
$4,538/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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
−29.3%
$/sqft vs Miami actives
$485 vs $513
Days on market
243 vs 66 typical
Where $485/sqft sits among the 400 Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Miami
Get to know Miami. See the full Miami guide →
MIAMI 33161 — neighborhood snapshot
Population
54,128
Median age
37.5
Median income
$55,265
Median home value
$376,500
Avg household
2.95
Households w/ children
6,165
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)
36 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 438% above the MIAMI 33161 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 1581 NE 117 ST
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Feb ’26$620,000
1431 NE 117TH ST, Miami FL 33161 · same community
3 bd · 2 ba · 1,190 sqft · $521/sqft · 43 DOM
Sold · Oct ’25$1,060,000
1165 NE 105th St, Miami Shores FL 33138
2 bd · 3 ba · 1,418 sqft · $748/sqft · 132 DOM
Sold · Oct ’25$865,000
825 NE 98th St, Miami Shores FL 33138
2 bd · 2 ba · 1,473 sqft · $587/sqft · 134 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
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 1581 NE 117 ST — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1581 NE 117 ST — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Straight answers
1581 NE 117 ST FAQs
What would the monthly payment be for 1581 NE 117 ST, Miami FL 33161?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,538/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 1581 NE 117 ST, Miami FL 33161?+
The most recent tax bill on record (2025) was $4,126. 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 $699,000, this home is listed about 15% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1581 NE 117 ST, Miami FL 33161?+
Gratigny Elementary School (elementary), North Miami Senior High School (high), North Miami Middle School (middle), District Instructional Center (Dic) (), 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
$699,000 runs 438% above the MIAMI 33161 median — but at 1,440 sqft it's also 19% larger than the typical Miami listing.
02Garden views
The garden view is part of what you're buying — views hold value independently of the structure.
03Time on market is leverage
243 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
Keep looking
Similar homes nearby
Listing courtesy of United Realty Group Inc · Shevaun Gandy. MLS #A11927844.
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®.
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