Cays Realty
4241 Palm Ln, Miami, FL 33137 — MLS photo

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4241 Palm Ln, Miami, FL 33137

Active · SingleFamilyResidence

$26,000,000

4241 Palm Ln, Miami, FL 33137

Beds
6
Baths
7
Living area
6,334 sq ft
$ / sq ft
$4,105/sq ft
Year built
2011
Lot size
15,300 sq ft
HOA fee
$4,711 Annually
Annual tax
$148,074

About this property

CASA EXUMAS – A Boater's Dream and a true Miami lifestyle experience. Nestled in the exclusive, gated community of Bay Point, this luxurious, modern tropical waterfront residence offers approx. 85 ft of water frontage, a private dock and direct access to Biscayne Bay. Enjoy high-end finishes, including spacious living room with 25-foot ceilings, sleek fireplace, formal dining room with wine cellar, family room, & gourmet kitchen. Six generous bedrooms feature private bathrooms and walk-in closets, including office and maid's quarters. Exteriors include a double-height, air-conditioned 3-car garage with car lift, 5-car motor court, infinity-edge pool, jacuzzi, summer kitchen, Ipe wood deck surrounded by tropical landscaping. Smart home system & generator. Private financing available.

Property location

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4241 Palm Ln, Miami, FL 33137

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Facts & features

Interior

Bedrooms
6
Bathrooms
7
Living area
6,334 sq ft
Flooring
Marble
Appliances
Some Gas Appliances, Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Built In Features, Bedroom On Main Level, Dining Area, Separate Formal Dining Room, Dual Sinks, First Floor Entry, Separate Shower, Upper Level Primary
Furnished
Negotiable

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2011
Lot size
15,300 sq ft
Architectural style
Two Story
Roof
Flat, Tile
Construction
CBSConcrete Block Structure, Block
Exterior features
Barbecue, Deck, Fence, Fruit Trees, Outdoor Shower, Security High Impact Doors
Pool
Heated, In Ground, Pool Equipment, Pool
Waterfront
Canal Access, Canal Front, No Fixed Bridges, Ocean Access
View
Canal

Parking

Garage spaces
3
Covered spaces
11
Parking features
Driveway, Detached, Garage, Guest, Garage Door Opener

HOA, Community & Financials

Association fee
$4,711 Annually
Security
Gated Community, Smoke Detectors
Pets allowed
No, Yes
Annual tax
$148,074
Subdivision
BAY POINT
County
Miami-Dade
Days on market
450
MLS listing ID
A11842186
Listing status
Active

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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

-$76,542

Cap rate
2.2%
Net yield
2.2%
Cash-on-cash return
-12.6%
Gross yield
3.8%
Mortgage payment
$123,253/mo
Down payment
$6,500,000
Loan amount
$19,500,000
Annual NOI
$560,541

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.