1 / 491961 NE 188th St, Miami FL 33179
Miami, FL
List Price
$2,150,000
Type
Single Family
Bedrooms
5
Bathrooms
4
Price / SqFt
$656/sqft
Price reduction
10.2% below original list — was $2,395,000
From the listing
A singular lakefront residence on the most prestigious and sought-after Greynolds Lake, the only one of its kind in the entire community, commanding an oversized waterfront lot with uninterrupted sunset-facing vistas. Elevated living unfolds through a welcoming foyer into expansive, sunlit interiors wrapped in serene water views. Nearly 4,000 SF across two stories showcases a harmonious blend of scale, privacy, and impossible-to-replicate positioning. The grand living areas transition effortlessly to a covered patio and a generous lakefront deck, creating a seamless indoor–outdoor flow ideal for tranquil evenings and effortless entertaining. Five well-appointed bedrooms and 3.5 refined baths include an upper-level primary suite with a Juliette balcony framing the shimmering lake, a daily reminder of the rarity at hand. Impact windows and doors, an A/C garage, updated interiors, fresh exterior enhancements, and the community’s most coveted no-traffic street complete this unmatched offering.
Property Information
- Square Feet
- 3,275
- Units
- 1
- Days on Market
- 236
- Status
- active
Location
- County
- Miami-Dade County
- Zip Code
- 33179
- Coordinates
- 25.9493, -80.1612
Represented by Academia
Academia Real Estate Corp can represent you on this property. Use the inquiry form to have a licensed broker reach out with full details and next steps.
Permit history
Permit records
Live permit data isn’t available via open data for this jurisdiction yet — check the official record directly.
Private inquiry
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Why this deal
- 10.2% off original list price
- Value-add opportunity
- Represented end-to-end by Academia
- Active listing — move quickly
Deal Score
52/100
Fair
is scored →
Scored neutral: our comparable-sale selection is being rebuilt so that it no longer references the asking price, and we will not score equity from an estimate we are not willing to publish.
10.2% off original list (full marks at 25%+).
236 days on market (full marks at 120+ — more time = more leverage).
No explicit distress language in the public remarks.
A screen of the public MLS data we have — not an appraisal, valuation, or investment advice. Factors marked “assumed” were missing from the feed and scored neutral.
Deal scorecard
How four stakeholders read this deal
Strengths
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
Risks
- Negative estimated equity — buying above estimated ARV, verify comps
- Roof age ~62 yr — approaching or beyond Citizens' 25-yr eligibility threshold; may require replacement or Citizens' roof inspection
- thin equity — lender-unfriendly LTV (≈ 109% of ARV)
What a super-investor sees
Investor
Investor equity estimate based on ARV from closed MLS comps minus list price and estima…
- Negative estimated equity — buying above estimated ARV, verify comps
What a bank sees
Lender / financing
Lender financeability estimate based on list price, ARV, and condition signals. Not a f…
- thin equity — lender-unfriendly LTV (≈ 109% of ARV)
What an insurer sees
Insurance / 4-point
Insurability read from roof, electrical, plumbing and HVAC ages in the public record. M…
- Flood zone X — outside the Special Flood Hazard Area; flood insurance not federally mandated
- Roof age ~62 yr — approaching or beyond Citizens' 25-yr eligibility threshold; may require replacement or Citizens' roof inspection
What a GC / AHJ sees
Permits / condition
No permits on record for this parcel in Miami-Dade County building-permit records (records begin 1983; records current through 2026-07-23; checked 2026-09-02). Note: work below permit thresholds (in Miami-Dade, work valued under about $2,500 generally requires no permit) and work predating 1983 would not appear here. This is a verified query result, not a failed lookup.
4-point — last permit
- Roofnone on record
- Electricalnone on record
- Plumbingnone on record
- HVACnone on record
Estimates from public data — not an appraisal, insurance quote, or financing commitment. Insurability as of 2026-09-02. Verify with licensed professionals.
Deal calculator
Value-add deal calculator
1961 NE 188th St, Miami FL 33179, Miami, FL
ARV is seeded from the asking price, not from comps — enter your own after-repair value. We are rebuilding comparable-sale selection so it no longer references the ask, and we will not pre-fill this field from an estimate we are not publishing.
Recommended max offer
$1,356,471
Room vs list (above list)
$793,529
Est. equity
-$297,375
-14% of ARV, at list
ROC at list
-12%
Est. all-in at list
$2,447,375
list + rehab + txn + carry
70% rule MAO
$1,467,500
Estimates only — not investment advice or an offer. ARV is drawn from recent closed comps; rehab from a rate-card range. Verify ARV, rehab, and all costs with a licensed professional before acting.