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+21 photosLuxury home — 426 NE 26th Street · Banyan Place Amd & Extens · Miami
$3,200,000
426 NE 26th Street, Miami, FL 33137
Miami, FL, 33137
— bd · 0 ba · 2,312 sqft
Listed by First Way Realty Services Inc
426 NE 26th Street, Miami, FL 33137
Listed by First Way Realty Services Inc
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Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
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Estimated monthly payment
$22,731/mo
Income & expenses
21 unitsIncome and operating expenses: Not provided — Ask Simon for the seller's rent roll and operating statement. No return calculation available.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $22,731/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesThis property is designated as the future site of a 21-unit, 8-story short-term rental building. Strategically located in one of Miami's most sought-after areas. Designed specifically for high-demand short-term stays, this project promises exceptional ROI potential. Plans are currently pending approval, offering investors the chance to step into a pre-approved vision that maximizes both location and market trends.Don't miss the opportunity to be part of Miami's next prime short-term rental development. Reach out today for more details
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
572 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $22,731/mo
426 NE 26th Street, Miami, FL 33137 · Miami
Location
426 NE 26th Street, Miami, FL 33137
What buyers ask about this home
What are the estimated monthly carrying costs at 426 NE 26th Street, Miami, FL 33137?+
Property tax (after sale): $5,330/month est.; homeowners insurance: $796/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $6,126/month est. Principal and interest: $16,604/month; PMI: $0/month. Total for the payment scenario shown: $22,731/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 426 NE 26th Street, Miami, FL 33137?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 426 NE 26th Street, Miami, FL 33137 need flood insurance, and what drives the premium?+
Most of Miami sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 426 NE 26th Street, Miami, FL 33137?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 426 NE 26th Street, Miami, FL 33137?+
This listing has been on the market 572 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Sports Leadership And Management Charter School Middle Scho
Middle school · Charter · Grades 6–8 · Miami
Sports Leadership Arts Management Charter High School
High school · Charter · Grades 9–12 · Miami
Ebenezer Christian Academy II
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Miami
Mcdonalds Playworld Community Development Inc Dba
Pre-K & Kindergarten · Private · Grades K–12 · Miami
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
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