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Waterfront · Single Family Residence
$9,050,000$2,138 / sqft
1500 S Treasure Dr, North Bay Village FL 33141
Listed
4
Bedrooms
3
Bathrooms
4,232 sqft
Interior
1950
Year built
None
HOA
Single Family Residence
Type
About this home
4/3 Rare find! Beautiful light and bright. New seawall, dock & roof. This is a Developer opportunity..Rent while you draw up plan. *****TEXT AGENT FOR VIDEO*********** Endless views. Prime living in North Bay Village. Sitting on the ultra-prestigious South Treasure Drive, this lot commands panoramic Miami skyline views and true direct ocean access. Not “bay views,” not “partial water.” Direct. Ocean. Access. Boaters know the difference and they pay for the difference. Inventory on this water line is basically extinct. Compared to a 2k sqft home on treasure drive asking approx $6,000,000 You’re not competing with listings you’re competing with time. Surrounded by trophy estates, ongoing luxury redevelopment, and values that are aggressively climbing, this is one of the last chances to plant your flag on a strip that’s about to explode even further. Hesitating puts someone wealthier, faster, and smarter. This is Miami’s next big flex and it’s sitting at 1500 S Treasure Drive.
Features
- First Floor Entry
- Family Room
- Other
- Intracoastal View
- Ocean
- Direct Ocean
- Water
Leasing
- Minimum lease
- Not stated
- Ok To Lease
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 across Miami-Dade, from 200 active listings; the middle half ask $3,800–$9,500.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.