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Waterfront · Single Family Residence
$26,000,000$4,105 / sqft
4241 Palm Ln, Miami FL 33137
Listed
6
Bedrooms
7
Bathrooms
6,334 sqft
Interior
2011
Year built
$393 / mo
HOA
Single Family Residence
Type
About this home
CASA EXUMAS – A Boater's Dream and a true Miami lifestyle experience. Nestled in the exclusive, gated community of Bay Point, this luxurious, modern tropical waterfront residence offers approx. 85 ft of water frontage, a private dock and direct access to Biscayne Bay. Enjoy high-end finishes, including spacious living room with 25-foot ceilings, sleek fireplace, formal dining room with wine cellar, family room, & gourmet kitchen. Six generous bedrooms feature private bathrooms and walk-in closets, including office and maid's quarters. Exteriors include a double-height, air-conditioned 3-car garage with car lift, 5-car motor court, infinity-edge pool, jacuzzi, summer kitchen, Ipe wood deck surrounded by tropical landscaping. Smart home system & generator. Private financing available.
Features
- First Floor Entry
- Built-in Features
- Den/Library/Office
- Barbeque
- Fruit Trees
- Outdoor Shower
- Canal
Leasing
- Minimum lease
- Not stated
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 6-bed rentals across Miami-Dade, from 56 active listings; the middle half ask $16,000–$48,000.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.