Interior
- Bedrooms
- 5
- Bathrooms
- 6
- Living area
- 4,115 sq ft
Active · SingleFamilyResidence
$12,000,000
1398 Bay Dr, Miami Beach, FL 33141
- Beds
- 5
- Baths
- 6
- Living area
- 4,115 sq ft
- $ / sq ft
- $2,916/sq ft
- Year built
- 1939
- Lot size
- 10,880 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Welcome to this spectacular 5 bedroom, 5 1/2 bathroom private tropical oasis on over 65 feet of open Bay with a 45 foot dock. Live your best indoor/outdoor luxury lifestyle with French doors opening up to beautiful terraces throughout this renovated Mediterranean estate. This incredible home is perfect for entertaining with a gorgeous family room and wet bar overlooking the Bay as well as an incredible eat in chef's kitchen with 60" Wolf Duel Stove with French Top, 45" Subzero refrigerator/freezer, 36" Hoshizaki ice maker, Subzero wine refrigerator, Wolf warming drawer and stunning marble island. The Elan Smart Home is surrounded by 8 foot privacy wall, Hikvision cameras as well as mature lush foliage that creates a secluded dream home. Come see this one of a kind waterfront property. You do not want to miss it!
Property location
Get Directions1398 Bay Dr, Miami Beach, FL 33141
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Facts & features
Exterior & Structure
- Property type
- SingleFamilyResidence
- Year built
- 1939
- Lot size
- 10,880 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A11958741
- 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
-$46,520
- Cap rate
- 1.0%
- Net yield
- 1.0%
- Cash-on-cash return
- -16.6%
- Gross yield
- 4.0%
- Mortgage payment
- $56,886/mo
- Down payment
- $3,000,000
- Loan amount
- $9,000,000
- Annual NOI
- $124,396
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.