1240 71st St, Miami Beach FL 33141, Miami Beach
$950,000
Miami Beach, FL, 33141
Property details
- Type
- Residential
- Days on market
- 10
- MLS #
- A12025206
Listing courtesy of Compass Florida, LLC · 305-851-2820. Listing agent: Caroline Puren. MLS data last updated 2026-05-27.
Description
Incredible opportunity to build a 3-story, 5,300 SF custom residence, multi family or family office with a rooftop terrace overlooking downtown Miami. Ideally located within walking distance to the beach, in a rapidly evolving and expanding neighborhood. A rare chance to create the ultimate modern Beach Loft in one of Miami's most promising enclaves. Zoned RO (Residential Office) allowing single-family, multi-family and mixed use, with a maximum FAR of 0.75 (~5,315 SF permitted) and height of 33 feet from DFE.
1240 71st St, Miami Beach FL 33141, Miami Beach — for sale, listed for $950,000.
Local market report
Above or below the market?
The median asking price across 254 listings for sale in Miami Beach is $1,699,500 — this home asks $950,000, 44.1% below it.
n=254 · 2026-08-14 · Methodology
Run the numbers
How long has it been listed?
10 days so far — the median among 254 active listings for sale in miami beach is 77 days, putting this listing at the 17% percentile for market time.
n=254 · 2026-08-14 · Methodology
ZIP vs city price level
Active listings like this in ZIP 33141 show a median asking $448/sqft — 3.4% below the Miami Beach median asking of $464/sqft.
n=30 · 2026-08-14 · Methodology
Are sellers cutting prices here?
32% of the 254 active listings for sale in miami beach have reduced their asking price at least once — a direct read on seller flexibility in this segment.
n=254 · 2026-08-14 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-08-14 · Methodology
The data relating to real estate listings on this website comes in part from the participating MLS via Bridge API. Information is deemed reliable but not guaranteed and should be independently verified. Listings are provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties.