531 NE 55th Ter

$1,480,000
Price
3
Beds
1,896 Sq. Ft.
$781 / Sq. Ft.
1,896
Sq. Ft.
$781
per Sq. Ft.

Description

531 NE 55th Terrace is a unique opportunity to renovate a historic home in coveted Morningside. Already gutted and stripped down to the studs, this 1,900 square foot 3 bed plus garage is the ideal canvas for an end user or developer to execute their vision. One can also expand the house another ~985 square feet, create a second story and add a pool. Buyer to confirm all zoning possibilities with their own architect. *All new windows + doors have been purchased, are already on site and included in...531 NE 55th Terrace is a unique opportunity to renovate a historic home in coveted Morningside. Already gutted and stripped down to the studs, this 1,900 square foot 3 bed plus garage is the ideal canvas for an end user or developer to execute their vision. One can also expand the house another ~985 square feet, create a second story and add a pool. Buyer to confirm all zoning possibilities with their own architect. *All new windows + doors have been purchased, are already on site and included in the sale. All advertised renderings are virtual and for marketing purposes only.

Listing Agent

  1. Todd Lewin

    Todd Lewin

    Listing Agent

    Compass

    lewin@compass.com

    P: (917)-675-9054

Property Details for 531 Northeast 55th Terrace

Subdivision
BAYSHORE UNIT NO 3
Style
R30-No Pool/No Water
Waterfront
No
View
None
Area
32
Sq Ft Total
2388
Sq Ft Liv Area
1896.0
AdjustedAreaSF
1969.0
LISTING UPDATED: 08/26/2025 02:02 PM

Property Details for 531 Northeast 55th Terrace

StatusActive
MLS #A11864952
Days on Market120
Taxes$26,248 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeSingle Family / Single
Year Built1938
Lot Size0.15 AC / 6,540 SF
CountyMiami-Dade County
Add your commute

Virtual Tour

Building Information for 531 Northeast 55th Terrace

Stories1Year Built1938Building Size-Lot Size0.15 AC / 6,540 SF

Payment Calculator

$9,501 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,313

Property Taxes

$2,187

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 531 Northeast 55th Terrace

Location Information
Schools
  • Middle School: Horace Mann
  • Senior High School: Miami Edison
Location Information
  • Parcel Number Free Text: 01-32-18-037-0710
  • Parcel Number MLX: 0710
  • MLS Area: 32
  • Municipal Code: 1
  • Township Range: 32
  • Section: 18
  • Subdivision Number: 37
  • Subdivision Complex Bldg: BAYSHORE UNIT NO 3
  • Zoning Information: 0100
General Information
Parking
  • Num Garage Spaces: 1
  • Parking Description: Driveway
General Information
  • Front Exposure: South
  • Housing Older Persons Act: No HOPA
  • Property Sq Ft: 6540
  • Lot Description: Less Than 1/4 Acre Lot
  • Pool: No
  • Design: Attached
  • Design Description: One Story
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Roof Description: Other Roof
  • Flooring: Ceramic Floor, Wood Floors
  • Floor Description: Ceramic Floor, Wood Floors
Room Information
Room Information
  • Rooms Description: Florida Room
  • Bedroom Description: Other
Additional Property Information
Utilities
  • Heating Description: Other
  • Cooling Description: Other
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
Additional Property Information
  • Guest Accommodations: No
  • Room Count: 0
  • Interior Features: First Floor Entry
  • Equipment Appliances: No Equipment
  • Exterior Features: Deck
  • Subdivision Information: Community Tennis Courts, Gated Community, Maintained Community
Financial Information
Financial Information
  • Type of Association: Voluntary
  • Flood Zone: X
  • Tax Year: 2024
  • Tax Information: Tax Reflects City & County Tax
  • Special Information: None

Property History for 531 Northeast 55th Terrace

DateEvent & SourcePriceAppreciation
Aug 25, 2025

Listed (Active)

MiamiRE #A11864952

$1,480,000
Aug 7, 2025

Cancelled

MiamiRE #A11821588

Jun 13, 2025

Cancelled

MiamiRE #A11763861

Jun 13, 2025

Listed (Active)

MiamiRE #A11821588

$1,498,000
May 1, 2025

Price Change

MiamiRE #A11763861

$1,595,000
Apr 11, 2025

Price Change

MiamiRE #A11763861

$1,625,000
Mar 14, 2025

Listed (Active)

MiamiRE #A11763861

$1,695,000
Mar 1, 2025

Expired

MiamiRE #A11650850

Aug 30, 2024

Listed (Active)

MiamiRE #A11650850

$1,675,000
Aug 21, 2024

Expired

MiamiRE #A11591451

May 22, 2024

Listed (Active)

MiamiRE #A11591451

$1,675,000
Apr 11, 2024

Cancelled

MiamiRE #A11563650

Apr 11, 2024

Temp Off Market

MiamiRE #A11563650

Apr 9, 2024

Price Change

MiamiRE #A11563650

$1,675,000
Apr 4, 2024

Listed (Active)

MiamiRE #A11563650

$1,750,000
Jun 29, 2023

Sold (Public Record)

Public Record #1515131199

$1,310,000

-5.4% / yr

Jun 29, 2023

Sold

MiamiRE #A11197367

$1,310,000
Jun 13, 2023

Pending

MiamiRE #A11197367

Jun 13, 2023

Backup Contract

MiamiRE #A11197367

Apr 14, 2023

Price Change

MiamiRE #A11197367

$1,529,000
Feb 20, 2023

Price Change

MiamiRE #A11197367

$1,549,000
Feb 7, 2023

Listed (Active)

MiamiRE #A11197367

Jan 24, 2023

Pending

MiamiRE #A11197367

Jan 20, 2023

Backup Contract

MiamiRE #A11197367

Jan 9, 2023

Price Change

MiamiRE #A11197367

$1,590,000
Dec 5, 2022

Price Change

MiamiRE #A11197367

$1,699,000
Oct 28, 2022

Price Change

MiamiRE #A11197367

$1,800,000
Sep 9, 2022

Price Change

MiamiRE #A11197367

$1,999,990
May 4, 2022

Listed (Active)

MiamiRE #A11197367

$4,200,000
Apr 19, 2022

Sold

MiamiRE #A11171988

$1,400,000
Apr 18, 2022

Sold (Public Record)

Public Record #1489407578

$1,400,000
Apr 4, 2022

Pending

MiamiRE #A11171988

Apr 4, 2022

Backup Contract

MiamiRE #A11171988

Mar 10, 2022

Listed (Active)

MiamiRE #A11171988

$1,490,000
DateEvent & SourcePrice
08/25/2025

Listed (Active)

MiamiRE #A11864952

$1,480,000
08/07/2025

Cancelled

MiamiRE #A11821588

06/13/2025

Cancelled

MiamiRE #A11763861

06/13/2025

Listed (Active)

MiamiRE #A11821588

$1,498,000
05/01/2025

Price Change

MiamiRE #A11763861

$1,595,000
04/11/2025

Price Change

MiamiRE #A11763861

$1,625,000
03/14/2025

Listed (Active)

MiamiRE #A11763861

$1,695,000
03/01/2025

Expired

MiamiRE #A11650850

08/30/2024

Listed (Active)

MiamiRE #A11650850

$1,675,000
08/21/2024

Expired

MiamiRE #A11591451

05/22/2024

Listed (Active)

MiamiRE #A11591451

$1,675,000
04/11/2024

Cancelled

MiamiRE #A11563650

04/11/2024

Temp Off Market

MiamiRE #A11563650

04/09/2024

Price Change

MiamiRE #A11563650

$1,675,000
04/04/2024

Listed (Active)

MiamiRE #A11563650

$1,750,000
06/29/2023

Sold (Public Record)

Public Record #1515131199

$1,310,000

-5.4% / yr

06/29/2023

Sold

MiamiRE #A11197367

$1,310,000
06/13/2023

Pending

MiamiRE #A11197367

06/13/2023

Backup Contract

MiamiRE #A11197367

04/14/2023

Price Change

MiamiRE #A11197367

$1,529,000
02/20/2023

Price Change

MiamiRE #A11197367

$1,549,000
02/07/2023

Listed (Active)

MiamiRE #A11197367

01/24/2023

Pending

MiamiRE #A11197367

01/20/2023

Backup Contract

MiamiRE #A11197367

01/09/2023

Price Change

MiamiRE #A11197367

$1,590,000
12/05/2022

Price Change

MiamiRE #A11197367

$1,699,000
10/28/2022

Price Change

MiamiRE #A11197367

$1,800,000
09/09/2022

Price Change

MiamiRE #A11197367

$1,999,990
05/04/2022

Listed (Active)

MiamiRE #A11197367

$4,200,000
04/19/2022

Sold

MiamiRE #A11171988

$1,400,000
04/18/2022

Sold (Public Record)

Public Record #1489407578

$1,400,000
04/04/2022

Pending

MiamiRE #A11171988

04/04/2022

Backup Contract

MiamiRE #A11171988

03/10/2022

Listed (Active)

MiamiRE #A11171988

$1,490,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 531 Northeast 55th Terrace

Taxable ValueLand$1,046,497Additions$156,536Total$1,203,033
Tax Record2024$24,454 ($2,038 / month)
Home Facts
Beds3Total Finished SqFt1,896 SqFtAbove Grade Finished SqFt1,896 SqFtStories1Lot Size6,540 SqFtStyleSingle Family ResidenceYear Built1938Year Renovated2011Zoning0100:SINGLE FCountyMIAMI-DADEAPN01-3218-037-0710

Schools near 531 Northeast 55th Terrace

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Morningside K-8 Academy
PublicPK to 8

Horace Mann Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

531 Northeast 55th Terrace is a single family home for sale in Miami, FL 33137. This property was listed for sale on August 25, 2025 by Compass, it's currently listed at $1,480,000. It has been on the market for a total of 120 days and was last sold on June 29, 2023. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Air Base K-8 Center for International Education, Morningside K-8 Academy and Horace Mann Middle School. 531 Northeast 55th Terrace is a 3-bed, 2-bath, 1,896 sqft single family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.