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Condominium at 5242 Fisher Island Dr # 5242, Miami Beach FL 33109Active
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Waterfront · Condominium
$18,250,000$2,982 / sqft

5242 Fisher Island Dr # 5242, Miami Beach FL 33109

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

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$96,730

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$92,282
HOA
$4,448 / mo

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.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Luxe Living Realty

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.

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 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.