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Single Family Residence
$4,950,000$1,365 / sqft
2880 Fairgreen Dr, Miami Beach FL 33140
Listed
5
Bedrooms
4
Bathrooms
3,626 sqft
Interior
1933
Year built
None
HOA
Single Family Residence
Type
About this home
The 1933 house is gone. What's left is a corner lot in Mid Beach, 13,666 SF with 235 feet of frontage on two streets, cleared and ready, and a complete sealed set of drawings by Touzet Studio, AIA Miami Firm of the Year. In for permit with the City of Miami Beach, process BR2611872. Six bedrooms, six full baths and a powder room across 6,833 square feet plus a 2 car garage. The house is lifted. You pass underneath it through a covered outdoor living room, dining and kitchen, and the lowest habitable floor sits nine feet above base flood at 17'6" NGVD. A glass rotunda with spiral stair and elevator anchors the corner. Terrazzo floors, stone feature walls, two kitchens, a gym, a pool at grade with lawn behind, a wellness deck with sauna, plunge and hot tub, a sun deck, rooftop solar. That is the part land buyers rarely get handed. The slowest and most expensive year of a ground-up build, the design and the engineering and the walk into permitting, is already done and conveys with the lot. Fairgreen Drive is one short, quiet block. A block to the new Bayshore Park, a walk to the Miami Beach Golf Club and the sand, five minutes to Lincoln Road and Sunset Harbour. Temporary electric is in. Bring your builder, or refine the plans and make them yours. Either way you start years ahead.
Features
- First Floor Entry
- No Additional Rooms
- None
- Garden
- Pool
Location
Approximate — shows the building, not the unit. Open in maps
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 8 active listings; the middle half ask $32,000–$78,000.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.