Interior
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,702 sq ft
Active · SingleFamilyResidence
$1,900,000
535 W 51st St, Miami Beach, FL 33140
- Beds
- 3
- Baths
- 2
- Living area
- 1,702 sq ft
- $ / sq ft
- $1,116/sq ft
- Year built
- 1939
- Lot size
- 6,250 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Exceptional opportunity to buy this mid century 3 bed & 2 bath home located in the highly sought after Lakeview neighborhood of Miami Beach. Features include, vaulted ceilings, custom built-ins, new 2021 A/C , 2019 roof, accordion shutters & updated plumbing. Garage was legally converted into a 1 bed & 1 bath space with its own private entrance. 6,250 sf lot provides plenty of room for a swimming pool. Tremendous potential, update, expand, or rebuild; you can't go wrong. Property is surrounded by multimillion dollar homes, nestled between La Gorce Dr & Alton RD & within walking distance to Fisher Park. Excellent family neighborhood in Miami Beach's best school district. Superb location, minutes from the beach, country clubs, shopping, houses of worship, Miami airport & major highways.
Property location
Get Directions535 W 51st St, Miami Beach, FL 33140
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Facts & features
Exterior & Structure
- Property type
- SingleFamilyResidence
- Year built
- 1939
- Lot size
- 6,250 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A11184594
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$5,664
- Cap rate
- 2.1%
- Net yield
- 2.1%
- Cash-on-cash return
- -12.8%
- Gross yield
- 5.2%
- Mortgage payment
- $9,007/mo
- Down payment
- $475,000
- Loan amount
- $1,425,000
- Annual NOI
- $40,121
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.