3916 Island Estates Dr
Aventura, FL 33160 · single_family · For Sale · 140 days on market
Asking price$19,990,000
6 beds 7 baths 6,932 sqft
Suggested offer$13,449,397$6,540,603 above the est. market value of $13,449,397.
View on Realtor.com →Listed by Ricardo Schilkrut · One Sotheby's International Realty
Typesingle_family
Built2001
Price / sqft$2884
Est. value (own analysis)$13,449,397
Rent estimate (own analysis)$39,500/mo
HOANone
1 / 51
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Statusfor_sale
Listed date2026-04-15
Removed date—
MLSMiamiMLS #A12001330
Coordinates25.94241, -80.13351
Address3916 Island Estates Dr
CityAventura
StateFL
Zip33160
Listing ID5190695245
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33160)
Typical home value (ZHVI)$518,452
Typical rent (ZORI)$3,079/mo
Zillow Research's ZHVI (home value index) and ZORI (rent index) for this ZIP, as of 2026-07 — free published data, refreshed monthly, no RentCast quota spent. "Typical value/rent" is a smoothed index, not a literal median of active listings.
Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $19,990,000 |
| Down payment (20.0%) | $3,998,000 |
| Loan amount | $15,992,000 |
| Closing costs (5.0%) | $999,500 |
| Total cash to close | $4,997,500 |
| Income | |
| Rent (comp-derived) | $39,500$474,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $36,340$436,080 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $31,651$379,810 |
| Insurance (placeholder 0.8% of price) | $13,327$159,920 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,975$23,700 |
| Total operating expenses | $46,953$563,430 |
| Net operating income (NOI) | |
| Debt service & reserves | |
| Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing) | |
| CapEx reserve (5.0% of GSR) | $1,975$23,700 |
| Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%) | $0$0 |
| Cash flow |
Cap rate
Cash-on-cash
DSCR
Rent-to-price (1% rule)
Gross rent multiplier
Operating expense ratio
Break-even occupancy
Comparables
Same ZIP. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 7 | 5,790 | $42,000 | 2026-07-29 | — | |
| single_family | 6 | 5 | 4,711 | $15,000 | 2026-01-27 | — | |
| single_family | 6 | 7 | 5,036 | $37,000 | 2026-08-26 | — | |
| single_family | 6 | 7 | 5,700 | $75,000 | 2026-03-06 | — | |
| single_family | 6 | 5 | 5,743 | $45,000 | 2026-03-17 | — | |
| single_family | 6 | 8 | 5,293 | $35,000 | 2025-11-21 | — | |
| single_family | 6 | 8 | 7,500 | $65,000 | 2026-07-28 | — | |
| single_family | 6 | 7 | 5,036 | $37,000 | 2026-08-07 | — |
Same ZIP & bedroom count. Closed sales from Realtor.com over the last 12 months, matched to this property's type — real transaction prices, not asking prices. Falls back to Miami-Dade County public records (property appraiser tax roll) when Realtor.com has no sales on file for the area.
| Address | Type | Beds | Baths | Living sqft | Sale price | Sale date |
|---|---|---|---|---|---|---|
| 354 Golden Beach Dr | single_family | 6 | 7 | 4,154 | $8,020,000 | 2026-07-28 |
| 364 Golden Beach Dr | single_family | 6 | 7 | 5,363 | $9,940,000 | 2026-07-09 |
| 306 Atlantic Ave | single_family | 6 | 5 | 4,799 | $5,000,000 | 2026-06-29 |
| 3965 194th Ln | single_family | 6 | 6 | 3,994 | $2,900,000 | 2026-04-30 |
| 620 Ocean Blvd | single_family | 6 | 9 | 5,457 | $8,000,000 | 2026-03-31 |
| 387 Ocean Blvd | single_family | 6 | 10 | 11,599 | $32,500,000 | 2026-03-25 |
| 455 Centre Is | single_family | 6 | 5 | 4,413 | $8,800,000 | 2026-03-24 |
| 3209 NE 169th St | single_family | 6 | 8 | 6,364 | $12,550,000 | 2026-03-16 |
| 194 S Island Dr | single_family | 6 | 8 | 7,635 | $27,100,000 | 2026-01-06 |
| 220 S Island | single_family | 6 | 5 | 6,642 | $12,950,000 | 2025-12-01 |
| 3301 NE 170th St | single_family | 6 | 7 | 5,446 | $4,000,000 | 2025-10-14 |
| 100 Golden Beach Dr | single_family | 6 | 7 | 7,755 | $16,558,000 | 2025-10-01 |
Same ZIP. Other properties currently for sale nearby — asking prices, not closed sale prices. Not a price comp; see Sold comps for actual transaction history.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 275 189th Ter | single_family | 6 | 7 | 4,167 | $4,500,000 | — |
| 1522 Island Blvd | single_family | 6 | 8 | 6,430 | $13,750,000 | — |
| 17121 Collins Ave Apt 4806 | condos | 6 | 8 | 8,332 | $8,332,000 | — |
| 128 Ocean Blvd | single_family | 6 | 9 | 7,657 | $12,950,000 | — |
| 142 S Island Dr | single_family | 6 | 9 | 8,783 | $16,999,000 | — |
| single_family | 6 | 8 | 7,500 | $8,900,000 | — | |
| 19575 Collins Ave Unit 3 | condos | 6 | 9 | 10,515 | $19,995,000 | — |
| 342 S Parkway | single_family | 6 | 7 | 5,660 | $16,900,000 | — |
10-year hold projection
IRR-8.6%
Equity multiple-0.45x
Total return (10yr)-$4,655,420
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $20,589,700 | -$127,350 | -$1,384,277 | $15,818,611 | $4,771,089 |
| 2 | $21,207,391 | -$128,353 | -$1,385,873 | $15,633,316 | $5,574,075 |
| 3 | $21,843,613 | -$129,316 | -$1,387,443 | $15,435,295 | $6,408,317 |
| 4 | $22,498,921 | -$130,236 | -$1,388,985 | $15,223,677 | $7,275,244 |
| 5 | $23,173,889 | -$131,109 | -$1,390,497 | $14,997,527 | $8,176,362 |
| 6 | $23,869,105 | -$131,933 | -$1,391,974 | $14,755,846 | $9,113,259 |
| 7 | $24,585,179 | -$132,704 | -$1,393,415 | $14,497,570 | $10,087,609 |
| 8 | $25,322,734 | -$133,418 | -$1,394,816 | $14,221,557 | $11,101,177 |
| 9 | $26,082,416 | -$134,072 | -$1,396,175 | $13,926,590 | $12,155,826 |
| 10 | $26,864,888 | -$134,661 | -$1,397,486 | $13,611,367 | $13,253,521 |
Assumes 3.0% annual rent growth, 2.5% expense growth, 3.0% appreciation, and a 6.0% selling cost at exit — all placeholder assumptions, not market-derived.