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Waterfront · Single Family Residence
$6,295,000$1,964 / sqft
550 S Shore Dr, Miami Beach FL 33141
Listed
4
Bedrooms
5
Bathrooms
3,206 sqft
Interior
2025
Year built
None
HOA
Single Family Residence
Type
About this home
Completely redesigned modern waterfront home in the exclusive Normandy Shores community of Miami Beach. This 4 bed, 4.5 bath residence spans 3,386 sq.ft. under A/C of bright open living space with floor-to-ceiling glass, designer kitchen, and refined finishes throughout. Expansive backyard with pool, tropical landscaping, and a 70 ft boat dock offering direct ocean access. A perfect blend of contemporary architecture and serene waterfront living, ready for immediate enjoyment. The property is vacant and ready to show — schedule your visit anytime. Please be sure to watch the video walkthrough tour.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Walk-In Closet(s)
- Den/Library/Office
- Barbeque
- Built-In Grill
- Bay
- Canal
Location
Approximate — shows the building, not the unit.
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 4-bed rentals in Miami Beach, from 30 active listings; the middle half ask $13,000–$28,500.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.