1420 W 23rd St, Miami Beach, FL 33140 — MLS photo

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1420 W 23rd St, Miami Beach, FL 33140

Active · SingleFamilyResidence

$110,000,000

1420 W 23rd St, Miami Beach, FL 33140

Beds
9
Baths
11
Living area
10,791 sq ft
$ / sq ft
$10,194/sq ft
Year built
2025
Lot size
32,845 sq ft
HOA fee
$5,000 Annually
Annual tax
$0

About this property

Introducing Sunset Estates, a once-in-a-generation opportunity to own one of Miami Beach’s most significant architectural waterfront compounds. Located within the exclusive guard-gated Sunset Islands III, steps from Sunset Harbour, this extraordinary waterfront compound spans over 32,000 SF of prime land with 187 feet of combined water frontage. Designed by renowned architect Kobi Karp and developed by Todd Michael Glaser, the property was envisioned as a primary waterfront residence complemented by an elegant detached guest residence, creating a one-of-one modern tropical compound. Surrounded by landscaped grounds, an Olympic-length lap pool, spa, and expansive terraces, both homes showcase matching contemporary architecture defined by Brazilian Ipe wood, exposed concrete, soaring 12-foot ceilings, elevated finishes, and seamless indoor-outdoor living. The primary residence features 6 bedrooms, 6 bathrooms, private office, powder room, cabana bath, bar, family room, smart home system, elevator, and a gated covered motor court for 10+ cars. The primary suite includes dual dressing rooms, spa-style bath, and private terrace with outdoor shower. Completed in 2025, the guest residence features 2 bedrooms, 2.5 bathrooms, full kitchen, waterfront gym, conference lounge, laundry room, and private double-height garage. A trophy waterfront estate delivering a level of scale, architecture, privacy, and lifestyle nearly impossible to replicate within Miami Beach's most coveted enclaves

Property location

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1420 W 23rd St, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
9
Bathrooms
11
Living area
10,791 sq ft
Flooring
Hardwood, Marble, Wood
Appliances
Built In Oven, Dryer, Dishwasher, Disposal, Gas Range, Ice Maker, Microwave, Other, Refrigerator
Cooling
Central Air
Heating
Central
Interior features
Wet Bar, Built In Features, Bedroom On Main Level, Bathtub, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Dual Sinks, Eat In Kitchen, High Ceilings, Kitchen Island, Separate Shower, Upper Level Primary, Bar, Walk In Closets, Elevator
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2025
Lot size
32,845 sq ft
Architectural style
Contemporary Modern, Detached, Two Story
Roof
Concrete
Construction
Block
Exterior features
Balcony, Deck, Lighting, Outdoor Grill, Outdoor Shower, Patio, Security High Impact Doors
Pool
In Ground, Pool
Waterfront
Canal Front, No Fixed Bridges
View
Canal, Pool

Parking

Garage spaces
13
Covered spaces
13
Parking features
Attached, Covered, Electric Vehicle Charging Stations, Garage, Other

HOA, Community & Financials

Association fee
$5,000 Annually
Security
Gated Community, Smoke Detectors, Security Guard
Pets allowed
No, Yes
Annual tax
$0
Subdivision
SUNSET ISLANDS-ISLAND NO 3
County
Miami-Dade
Days on market
154
MLS listing ID
A12018167
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

-$296,308

Cap rate
2.5%
Net yield
2.5%
Cash-on-cash return
-11.5%
Gross yield
3.5%
Mortgage payment
$521,456/mo
Down payment
$27,500,000
Loan amount
$82,500,000
Annual NOI
$2,701,775

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