PendingAbout this home
Spanning an expansive 30,000 square foot lot with 100 feet of direct bay frontage and an impressive 300 foot depth, this rare property offers a true estate setting on Palm Island. Cleared and ready to build, the lot presents an exceptional opportunity to create a custom waterfront residence with a grand, private compound feel. Located within one of Miami Beach’s few police guarded communities, the property provides outstanding security, privacy, and tranquility. Residents enjoy access to island amenities, including basketball and tennis courts, lush landscaped corridors, and scenic waterfront views, all just minutes from South Beach, the beaches, and Downtown Miami.
Features
- Other
- Bay
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
- $118,829
- HOA
- None
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.
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Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
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.