1420 W 23rd St, Miami Beach FL 33140
About this home
Introducing Sunset Estates, a once-in-a-generation opportunity to own one of Miami Beach’s most significant architectural waterfront compounds. Located within the exclusive guard-gated Sunset Islands III, steps from Sunset Harbour, this extraordinary waterfront compound spans over 32,000 SF of prime land with 187 feet of combined water frontage. Designed by renowned architect Kobi Karp and developed by Todd Michael Glaser, the property was envisioned as a primary waterfront residence complemented by an elegant detached guest residence, creating a one-of-one modern tropical compound. Surrounded by landscaped grounds, an Olympic-length lap pool, spa, and expansive terraces, both homes showcase matching contemporary architecture defined by Brazilian Ipe wood, exposed concrete, soaring 12-foot ceilings, elevated finishes, and seamless indoor-outdoor living. The primary residence features 6 bedrooms, 6 bathrooms, private office, powder room, cabana bath, bar, family room, smart home system, elevator, and a gated covered motor court for 10+ cars. The primary suite includes dual dressing rooms, spa-style bath, and private terrace with outdoor shower. Completed in 2025, the guest residence features 2 bedrooms, 2.5 bathrooms, full kitchen, waterfront gym, conference lounge, laundry room, and private double-height garage. A trophy waterfront estate delivering a level of scale, architecture, privacy, and lifestyle nearly impossible to replicate within Miami Beach's most coveted enclaves
Features
- Bar
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Volume Ceilings
- Walk-In Closet(s)
- Wet Bar
- Den/Library/Office
- Family Room
- Maid/In-Law Quarters
- Other
- Recreation Room
- Built-In Grill
- Lighting
- Open Balcony
- Outdoor Shower
- Canal
- Pool
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $556,220
- HOA
- $417 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
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Enter rent, 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. 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.