Cays Realty
1004 Fisher Island Drive, Miami Beach, FL 33109 — MLS photo

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1004 Fisher Island Drive, Miami Beach, FL 33109

Active · SingleFamilyResidence

$42,000,000

1004 Fisher Island Drive, Miami Beach, FL 33109

Beds
9
Baths
12
Living area
11,428 sq ft
$ / sq ft
$3,675/sq ft
Year built
2006
Lot size
15,670 sq ft
HOA fee
$12,452 Quarterly
Annual tax
$102,944

About this property

LAST OPPORTUNITY TO CUSTOMIZE INTERIOR FINISHES AND DESIGN EXTERIOR SPACES IN YOUR OWN FISHER ISLAND MANSION! As the centerpiece of Fisher Island’s exclusive single-family estate enclave, this rare offering empowers a purchaser to develop a Custom Estate exceeding 10,000 SF, designed to their exact specifications and lifestyle. A legacy investment and an extraordinary statement of prestige, this opportunity invites the development of an architectural masterpiece in South Florida’s most illustrious zip code. Positioned within the most coveted private island in the United States, this exceptional 15,949 square foot LOT presents an unrivaled canvas for the creation of a world-class trophy estate. Residents of The Mansions On Fisher Island command an address synonymous with privilege, privacy, and incomparable luxury, surrounded by uninterrupted vistas of sparkling waterfront, emerald fairways, and the iconic Miami skyline.

Property location

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1004 Fisher Island Drive, Miami Beach, FL 33109

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Facts & features

Interior

Bedrooms
9
Bathrooms
12
Living area
11,428 sq ft
Flooring
Hardwood, Marble, Other, Wood
Appliances
Dryer, Dishwasher, Electric Range, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Wet Bar, Bedroom On Main Level, Bathtub, Dining Area, Separate Formal Dining Room, Dual Sinks, Entrance Foyer, First Floor Entry, Living Dining Room, Pantry, Separate Shower, Upper Level Primary, Bar, Walk In Closets, Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2006
Lot size
15,670 sq ft
Architectural style
Contemporary Modern, Detached, Mediterranean
Roof
Other
Construction
Block
Exterior features
Balcony, Security High Impact Doors, Outdoor Grill, Porch
Pool
In Ground, Pool
Waterfront
Bayfront, Intracoastal Access, Ocean Access
View
Bay, Golf Course

Parking

Garage spaces
5
Covered spaces
5
Parking features
Driveway, Golf Cart Garage, Paver Block

HOA, Community & Financials

Association fee
$12,452 Quarterly
Security
Fire Sprinkler System, Security Guard
Annual tax
$102,944
Subdivision
The Mansions on Fisher
County
Miami-Dade
Days on market
314
MLS listing ID
A11929626
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

-$113,868

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.6%
Gross yield
3.9%
Mortgage payment
$199,101/mo
Down payment
$10,500,000
Loan amount
$31,500,000
Annual NOI
$1,022,800

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