This property in High Pines, Miami, has a solid foundation for flipping due to its desirable neighborhood and spacious lot of 10,000 sqft. The recent comps illustrate strong market activity, with properties selling at substantially higher valuations. However, the house itself appears to be in decent condition, which may limit extensive renovation opportunities that typically drive higher returns.
To maximize the flip potential, consider minor cosmetic updates, such as kitchen and bathroom renovations, which could enhance the property's appeal without significant structural changes. Selling in a competitive market like High Pines, where the median listing price is around $3.2M, could yield a healthy profit margin if positioned correctly.