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Single Family Residence
$3,950,000$1,642 / sqft
3121 Prairie Ave, Miami Beach FL 33140
Listed
4
Bedrooms
3
Bathrooms
2,405 sqft
Interior
1950
Year built
None
HOA
Single Family Residence
Type
About this home
RARE 14,100 SF OVERSIZED LOT WITH ESTATE POTENTIAL IN PRIME MIAMI BEACH LOCATION — An exceptional opportunity to build a new approximately 7,000 SF estate on a rare 14,100 SF lot measuring 75' x 188' in one of Miami Beach’s most desirable residential neighborhoods. The expansive parcel offers ample room for a spectacular custom residence, with the potential for rooftop views overlooking the Miami Beach Golf Course and Downtown Miami. Additionally, this lot can be combined with the adjacent lot (MLS# A1207124) for a 20,250 sf one of a kind compound! Ideally located near multiple houses of worship, the newly developed Bayshore Park, and the Scott Rakow Youth Center, while offering easy access to the beach, shopping, dining, and recreation. A truly spectacular opportunity to create a substantial Miami Beach estate in a highly sought-after location. Call Listing Brokers for more information.
Features
- First Floor Entry
- Other
- None
- Golf Course
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$19,973
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
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 in Miami Beach, from 30 active listings; the middle half ask $13,000–$28,500.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.