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Waterfront · Single Family Residence
$17,975,000$3,262 / sqft
224 S ISLAND, Golden Beach FL 33160
Listed
4
Bedrooms
6
Bathrooms
5,510 sqft
Interior
1993
Year built
None
HOA
Single Family Residence
Type
About this home
Welcome to your dream home in Golden Beach's exclusive South Island! This unique turnkey one-story residence, set on an oversized 18,975 sqft lot, features a spacious open floor plan with soaring 16 ft ceilings. Revel in stunning waterfront living with 115 ft on the water, complete with a newly built boat lift and a yacht and jet ski-equipped dock. The home boasts 6 luxurious suite bedrooms, including an oversized master suite with an outside Bali-style bathroom, a gym, and a second-floor in-law's or a teenager's dream unit . The manicured resort-like outdoor space is perfect for entertaining. Decorated to perfection and designed for the ultimate entertainer, this custom masterpiece offers unmatched amenities and is one of the most unique and desirable properties in the neighborhood.
Features
- First Floor Entry
- Bar
- Built-in Features
- Closet Cabinetry
- Attic
- Den/Library/Office
- Family Room
- Other
- Outdoor Shower
- Intracoastal View
Leasing
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 4-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $3,900–$9,700.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.