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Waterfront · Single Family Residence
$29,900,000
297 N Coconut Ln, Miami Beach FL 33139
Listed
5
Bedrooms
6
Bathrooms
— sqft
Interior
2025
Year built
None
HOA
Single Family Residence
Type
About this home
Welcome to 297 Coconut Lane – a rare opportunity to own a brand-new masterpiece on Miami Beach’s exclusive Palm Island. Designed by renowned architect Ralph Choeff and meticulously built by Massimo Giordano, this stunning new construction offers a harmonious blend of tropical modernism and sophisticated luxury. This architectural gem spans over 5,000 of indoor space, featuring 4 bedrooms and 5 bathrooms, with expansive glass walls that blur the lines between indoor and outdoor living. Premium finishes, open-concept living areas, a chef’s kitchen with top-tier appliances, and spa-like baths define the essence of refined Miami living.
Features
- First Floor Entry
- Family Room
- Open Balcony
- Bay
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$151,191
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $151,191
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 5-bed rentals in Miami Beach, from 13 active listings; the middle half ask $19,000–$55,000.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.