What’s special
Screened pool & spaNew roof (2022)No HOACorner lotCircular drivewayFlexible floor planFlorida roomAirbnb potential
Move-in ready 3BR/2BA corner home with screened pool & spa, showcased with some virtually staged photos to spark your imagination. Features a new roof (2022), granite kitchen, versatile dining/family/office combo, and a Florida room ideal for a man cave, kids’ play space, or artist’s studio. The spacious backyard with covered patio is perfect for barbecues, entertaining, or relaxing. No HOA, large circular driveway, and a prime location central to Miami Shores, Biscayne Park, Barry University, and area beaches. Excellent as a starter home or investment property with strong Airbnb/short-term rental potential (projected $94K/yr, 8.1% cap rate). Walk to schools, minutes to I-95 & downtown. Pet-friendly, family-ready home offers flexible home-office space and entertainment-friendly backyard.
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Welcome to a rare opportunity in the heart of North Miami — a versatile, pool home that seamlessly combines family living, flexible design, and investor-friendly income potential. This residence is much more than just four walls; it is a canvas waiting for its next chapter, whether that’s as a cozy family retreat, an Airbnb powerhouse, or a hybrid that does both.
**Architectural Layout and Flexibility**
Unlike many homes from the mid-century era, this one-story residence offers a bright, adaptable floor plan. The main living areas flow into one another, allowing for open-concept gatherings while still providing defined rooms for privacy and use-specific purposes. The dining/family/office combination space is the star — an oversized, multi-purpose room currently hosting a game setup with pool table.
- Bunk Bed Room for Airbnb: Converting this flexible space into a bunk room could dramatically increase guest capacity, appealing to larger travel groups and maximizing nightly rates.
- Creative Studio: Its size and layout make it perfect for an artist’s studio, photography backdrop space, or workshop.
- Home Office or Co-Working Hub: With remote work now a permanent lifestyle for many professionals, having a dedicated, oversized office makes this home a true standout.
- Family Lounge or She-/He-Shed: Teen hangout, yoga studio, or craft space — this room bends to your lifestyle.
Meanwhile, the Florida Room acts as a secondary flex area — perfect for children’s play space, reading nook, or media lounge. This dual-layer flexibility is exceptionally rare at this price point.
**Outdoor Living and Entertaining**
Step outside to a screened oasis. The pool and spa, both under enclosure, are usable in all seasons with reduced maintenance. A covered patio extends your entertaining footprint. The backyard is generous, and the corner lot brings light, privacy, and curb appeal. The circular driveway adds real functionality for guest parking.
**Neighborhood Advantages**
Between Miami Shores and Biscayne Park with quick access to Barry University, Miami Shores Country Club, Bal Harbour/Beaches, and I-95.
**Investment Case Study (per AirDNA/Rentalizer)**
Annual Revenue ≈ $94,000 · ADR ≈ $373 · Occupancy ≈ 69% · NOI ≈ $53,200 · Cap Rate ≈ 8.1% (projections; buyer to verify).
**Upgrades & Condition**
Roof 2022 · Granite counters · Ceramic tile floors · Screened pool & spa · Municipal water / Septic.
**Final Thoughts**
480 NE 109th St is a flexible investment, family retreat, and lifestyle upgrade in one.
Short-term rental potential
With a screened pool & spa, no HOA, and a flexible layout that can sleep up to 10, 480 NE 109th St, Miami, FL 33161 has the ingredients of a strong short-term rental. The modeled figures below use conservative comps and typical North Miami seasonality.
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What this means: at the current list price of $725,000,
the sample projections translate to roughly $53.2K NOI and an
~8.1% cap rate (before financing).
Upside levers you can control
- Convert the multi-purpose room to a bunk room to increase guest count.
- Keep it pet-friendly and add a fenced pet run.
- Use dynamic pricing for peak events/holidays.
- Offer turnkey host amenities (crib/high-chair, beach gear, EV cord).
Figures are illustrative; buyer to verify zoning/licensing, STR rules, and taxes for the
City of North Miami / Miami-Dade before operating.
Assumptions & notes
- Projections resemble AirDNA/Rentalizer-style outputs; verify independently.
- Times, rates, and occupancy vary by season, events, and host quality.
- Cap rate = NOI ÷ List Price; financing changes returns.