Home » Properties » 740 NW 42nd St, Miami FL 33127

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Charming 3-Bed Single Family Home in Prime Miami Location

Discover this 3-bedroom, 2-bath home with 1,362 sqft living space on a 5,400 sqft lot near Midtown and Wynwood.

$600,000

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Florida Local Time --:--

MLS #A11888998

Listing Updated: 2026-07-21 18:20:03

Listed By: First Service Realty ERA

Overview

This inviting single-family residence at 740 NW 42nd St offers 3 bedrooms and 2 bathrooms within 1,362 sqft of living space. Built in 1954, the home features tile and wood plank floors, a spacious living area, and a covered porch perfect for relaxing. The fenced yard and detached storage building add practicality to the property. Located minutes from Miami’s vibrant Midtown, Wynwood, and Design District, it provides easy access to local amenities, schools, parks, and transit options. With no HOA fees and convenient highway access, this home presents a versatile opportunity for buyers seeking a residence to personalize or a property to hold in a sought-after Miami neighborhood.

Property Highlights

3 Bedrooms, 2 Bathrooms, 1,362 sqft living space, Covered porch, Fenced yard, Detached storage building, No HOA, Close to Midtown, Wynwood, and Design District, Walking distance to amenities and transit, Built in 1954

Property Details

City: Miami

State: FL

Zip Code: 33127

Address: 740 NW 42nd St, Miami FL 33127

Year Built: 1954

Property Type: Residential

Property Sub Type: Single Family Residence

Listing Office Name: First Service Realty ERA

County: Miami-Dade County

Garage Spaces: 0

Parking Features: Covered, Driveway

Interior Features: First Floor Entry, Storage

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $6,748

Days On Market: 246 Days

Original Listing Description

Charming 3/2 in Prime Miami Location! Discover potential at 740 NW 42nd St — a 3-bed, 2-bath home with 1,362 sq ft of space on a 5,400 sq ft lot. Features include tile & wood plank floors, large living area, covered porch, fenced yard, and a detached storage building. No HOA! Minutes from Midtown, Wynwood & Design District. Walking distance to local amenities, schools, parks, and transit options. Easy access to highways and major thoroughfares. Great opportunity to personalize or invest!

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

740 NW 42nd St, Miami FL 33127

About This Neighborhood

Situated in the vibrant Miami 33127 area, this home benefits from close access to Midtown, Wynwood, and the Design District. The neighborhood combines residential comfort with urban amenities, offering parks, schools, and shopping within walking distance. Its location provides a balanced lifestyle with cultural attractions and everyday conveniences nearby. The community is well-connected through transit and major roadways, making commuting straightforward. This blend of accessibility and neighborhood charm appeals to a diverse range of residents.

Walkability & Lifestyle

Residents enjoy walkability to local amenities including shops, parks, and dining options. The nearby Midtown and Wynwood districts offer vibrant cultural scenes and entertainment venues within easy reach. Access to public transit and major roads facilitates commuting and exploration of Miami. Outdoor spaces and community parks contribute to a balanced lifestyle, making daily errands and leisure activities convenient and enjoyable.

Things To Do Nearby

The location offers a variety of activities including dining at trendy restaurants, visiting art galleries in Wynwood, and exploring the Design District’s shopping. Outdoor enthusiasts can enjoy nearby parks and waterfront areas. Miami’s vibrant nightlife and cultural events are easily accessible, providing diverse entertainment options. Boating and golf opportunities are also within reach, supporting an active lifestyle.

Nearby Schools

The home is within walking distance of local schools, offering convenient access for families with children. The neighborhood provides a range of educational options, contributing to the area’s family-friendly atmosphere. Proximity to schools enhances daily routines and supports community engagement. This accessibility is an important consideration for buyers prioritizing education and convenience.

Why Buyers Like This Area

Buyers appreciate this area for its blend of urban convenience and residential comfort. The proximity to key Miami neighborhoods like Midtown and Wynwood offers access to cultural and lifestyle amenities. The property’s features such as a fenced yard and storage building add practical value. Easy access to highways and transit makes commuting simple. The absence of HOA fees provides additional flexibility, appealing to a wide range of buyers seeking a home with potential to customize.

Investment Potential

This single-family home in Miami’s sought-after 33127 ZIP code offers potential for buyers interested in a residence with personalization options. Its proximity to popular neighborhoods like Midtown, Wynwood, and the Design District enhances its appeal. The absence of HOA fees adds flexibility for owners. The property’s fenced yard and detached storage building increase usability for families or individuals seeking extra space. Easy access to highways and public transit supports convenience for residents and potential tenants, making it a practical choice for long-term ownership or rental use.

Market Trends

The Miami real estate market in the 33127 area remains attractive due to steady buyer interest and limited inventory of single-family homes. Properties near Midtown and Wynwood continue to draw attention for their central locations and lifestyle offerings. Demand is supported by the area's cultural vibrancy and access to amenities. Buyers seeking homes with character and potential for customization find this market appealing. The neighborhood’s ongoing development and proximity to key districts contribute to sustained interest among homebuyers.

Rental Income Potential

This property’s location near popular Miami neighborhoods and transit options supports rental demand, especially among professionals and families. The fenced yard and additional storage enhance its rental appeal. Seasonal demand in Miami’s market can attract tenants looking for well-located homes with convenient access to urban centers. While rental income can vary, the property’s features and location make it a viable option for those considering leasing opportunities.