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Waterfront · Condominium
$18,250,000$2,982 / sqft
5242 Fisher Island Dr # 5242, Miami Beach FL 33109
Listed
5
Bedrooms
6
Bathrooms
6,120 sqft
Interior
1992
Year built
$4,448 / mo
HOA
Condominium
Type
About this home
THE EPITOME OF LUXE LIVING WITH BREATHTAKING MIAMI SKYLINE & OPEN BAY VIEWS THIS FISHER ISLAND RESIDENCE IS CURATED BY RENOWNED DESIGNER CARLA CANEPA! Turn-Key Home where every detail has been Crafted to Perfection w/Sierra Italian furnishings. Spacious 5-Bedrooms + Office, 5.5-Bath offers 6,120 SF of refined interior living space. Expansive terraces w/Sunset Views. Listone Giordano Italian Light Oak Wood Floors, Chef's Kitchen w/Double Premium Wolf Appliances. Bar area w/Polished Onyx Bar & Temp Controlled Wine Room. Powder Room in Blush Onyx. Expansive Primary Bedroom Suite w/separate Walk-In Closets & Primary Bath wrapped in Exotic Book-matched Slab Stone + Soaking Tub w/Matte Gold Dornbracht fixtures. Impact Glass Doors & Lutron & Sonos. AC Storage. 2 Parking Spaces + XLGolf Cart Space
Features
- Closet Cabinetry
- Walk-In Closet(s)
- Bay
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
- 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.
Location
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 across Miami-Dade, from 20 active listings; the middle half ask $24,000–$49,000.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.