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Waterfront · Single Family Residence
$42,000,000$3,675 / sqft
1004 Fisher Island Drive, Miami Beach FL 33109
Listed
8
Bedrooms
12
Bathrooms
11,428 sqft
Interior
2006
Year built
$4,151 / mo
HOA
Single Family Residence
Type
About this home
LAST OPPORTUNITY TO CUSTOMIZE INTERIOR FINISHES AND DESIGN EXTERIOR SPACES IN YOUR OWN FISHER ISLAND MANSION! As the centerpiece of Fisher Island’s exclusive single-family estate enclave, this rare offering empowers a purchaser to develop a Custom Estate exceeding 10,000 SF, designed to their exact specifications and lifestyle. A legacy investment and an extraordinary statement of prestige, this opportunity invites the development of an architectural masterpiece in South Florida’s most illustrious zip code. Positioned within the most coveted private island in the United States, this exceptional 15,949 square foot LOT presents an unrivaled canvas for the creation of a world-class trophy estate. Residents of The Mansions On Fisher Island command an address synonymous with privilege, privacy, and incomparable luxury, surrounded by uninterrupted vistas of sparkling waterfront, emerald fairways, and the iconic Miami skyline.
Features
- First Floor Entry
- Bar
- Elevator
- Fire Sprinklers
- Entrance Foyer
- Pantry
- Walk-In Closet(s)
- Wet Bar
- Den/Library/Office
- Family Room
- Great Room
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 8-bed rentals across Miami-Dade, from 8 active listings; the middle half ask $35,000–$150,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.