Wynwood went from forgotten warehouse district to global art destination in about a decade. The murals, the galleries, the restaurants — it's arguably the most dramatic neighborhood transformation in Miami's history. But the county data reveals what's really happening beneath the street art: this is the most corporate-owned neighborhood in our analysis.
Two-thirds of recent buyers are LLCs. The median building was constructed in 1949. And with 449 vacant commercial lots still waiting for development, the transformation is far from over. If you're buying in Wynwood, you're buying into a commercial redevelopment play — not a residential neighborhood.
This page is built from Miami-Dade County records. Not Zillow estimates. Not agent opinions. County data.
Market Snapshot
$650K
Median sale price (2025+ sales) As of Mar 2026
$584
Avg price per sq ft As of Mar 2026
66.8%
LLC / corporate buyers As of Mar 2026
4.8%
Condominiums (vs single-family) As of Mar 2026
The most corporate neighborhood in Miami: 66.8% of recent Wynwood sales went to LLCs, corporations, or trusts — the highest of any neighborhood we've analyzed. This isn't a place where families are buying homes. It's a commercial investment district where entities are accumulating land and buildings for redevelopment. If you're a regular buyer, you're competing with deep-pocketed investment vehicles.
Source: Miami-Dade Property Appraiser (PaGISView) — LLC % computed from 340 sales (2025+, price >$10K) in ZIP 33127.
Risk Profile
5.9%
Properties in FEMA flood zones As of FEMA FIRM 2024
~10.8 ft
Average elevation (NAVD88) As of Miami-Dade DEM 2024
1949
Median year built As of County records
3,273
Single-family homes As of Mar 2026
Flood Zone Breakdown
AH (Shallow Flooding): 439 properties
X (Minimal Risk): 7,051 properties
Source:
Miami-Dade PAGIS_VData — FEMA Flood Insurance Rate Map (FIRM) zone designations per parcel. 7,490 of 7,674 properties matched to flood records.
The high ground advantage: Wynwood is the least flood-prone neighborhood in our analysis at just 5.9%. With an average elevation of 10.8 feet — higher than Brickell (9.5 ft) or Little Havana (8.9 ft) — this is genuinely high ground for Miami. No AE (high risk) zones at all. The only flood designation is AH (shallow flooding) affecting 439 properties. For climate-conscious buyers, Wynwood's elevation is a real asset.
Source: Flood zone & elevation data from PAGIS_VData. Zero properties affected by NOAA 2040 or 2070 high sea level rise scenarios.
The oldest buildings in Miami: Median year built 1949 makes Wynwood's building stock the oldest in our analysis — by decades. These aren't charming mid-century homes being lovingly restored. Most are aging single-family houses and duplexes built in the post-war era, many with outdated electrical, plumbing, and hurricane resistance. For buyers, this means renovation costs are real. For investors, it means teardown value often exceeds improvement value.
Source: Year built from PaGISView. Median computed from property records with valid year values in ZIP 33127.
What Most People Miss
The $1.9M average is a fantasy. Wynwood's average sale price is $1.95M, but the median is $650K — a 3x gap, the second-widest in our analysis. A handful of massive commercial/mixed-use deals are warping the average. If you're looking at a "typical" Wynwood property, you're in the $400K–$800K range for residential, but commercial parcels can run well into the millions.
Source: Miami-Dade Property Appraiser (PaGISView) — avg $1.95M and median $650K from 340 sales (2025+, price >$10K) in ZIP 33127.
Almost no condos — for now. At just 4.8% condos, Wynwood is overwhelmingly single-family and duplex housing. But with 66.8% LLC buyers and 449 vacant commercial lots, this will change. Multiple mixed-use condo projects are in various stages of planning and construction. Early buyers in these projects are betting on Wynwood completing its transformation from art district to full mixed-use neighborhood. Late buyers will pay for it.
Source: Miami-Dade Property Appraiser (PaGISView) — 369 condos out of 7,674 total properties (4.8%). Vacant lot counts from property type classification.
1949 buildings meet 2026 insurance markets. Wynwood's median build year is the oldest in our analysis. Pre-1970s homes typically lack modern wind mitigation features — impact windows, reinforced roofing, hurricane straps. In Florida's hardening insurance market, that means dramatically higher windstorm premiums. A 1949 single-family home without upgrades can face $8,000–$15,000+/year in combined property insurance. Factor that into your offer price.
Source: Year built from PaGISView. Insurance cost ranges reflect reported South Florida premiums for pre-1970s homes without wind mitigation credits.