Real Estate News

A 24-bedroom multi family sold in Miami sells for $3.5 million. Here are the details.

The property located at 531 Southwest Seventh Street in Miami was sold on Oct. 19, 2023. The $3,490,000 purchase price works out to $386 per square foot. The multi-unit house, built in 1946, has an interior space of 9,040 square feet. This two-story multi-family presents a total of 24 bedrooms and 12 baths. The home's outer structure has a gable or hip roof frame, composed of tiles. Inside, there is one fireplace.

Additional houses have recently been sold nearby:

  • A 2,178-square-foot home at 528 Southwest Fifth Avenue in Miami sold in March 2022, for $800,000, a price per square foot of $367. The home has 11 bedrooms and 2 bathrooms.
  • In March 2023, a 3,375-square-foot home on Southwest Sixth Street in Miami sold for $1,960,000, a price per square foot of $581. The home has 9 bedrooms and 3 bathrooms.
  • On Southwest Seventh Street, Miami, in October 2021, a 14,981-square-foot home was sold for $5,000,000, a price per square foot of $334. The home has 36 bedrooms and 18 bathrooms.

This article was generated by the Miami Herald Bot, artificial intelligence software that analyzes structured information from prominent real estate data providers and applies it to templates created by journalists in the newsroom. We are experimenting with this and other new ways of providing more useful content to our readers and subscribers. You can report errors or bugs to mcclatchybot@mcclatchy.com.

This story was originally published November 17, 2023 at 11:11 AM with the headline "A 24-bedroom multi family sold in Miami sells for $3.5 million. Here are the details.."

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