Luxury Condos in Miami Under $1 Million: What Can You Buy in 2026? | Luxe Miami Realty

Unlock equity with this premier “value-add” residential opportunity, situated on an exceptional 13,600 SF corner lot in the established Downer Palms neighborhood. Offering significantly more space than typical area parcels, this oversized 100′ x 136′ site provides ample room for a pool, accessory structures, or future expansions. The ranch-style residence features 2,115 SF of living area and is perfectly positioned for investors, flippers, or owner-users looking to build sweat equity in a high-demand market. This City Surplus sale represents a solid foundation ready for a modern vision. While the home is in fair condition and requires updates to the kitchen, bathrooms, and flooring, it offers a functional floor plan with high-upside potential once modern finishes are applied. Residents will benefit from close proximity to local schools, shopping, and recreational facilities. Don’t miss your chance to secure a property with exceptional lot dimensions and a clear path to market-ready value in one of Homestead’s stable communities.