125 Ocean Dr Unit U0303
Miami Beach, FL 33139 · condos · For Sale · 533 days on market
Asking price$19,642,000
4 beds 5 baths 4,365 sqft
Suggested offer$14,686,435$4,955,565 above the est. market value of $14,686,435.
View on Realtor.com →Listed by Tatiana Everett · Compass Florida, LLC.
Typecondos
Built2009
Price / sqft$4500
Est. value (own analysis)$14,686,435
Rent estimate (own analysis)$59,000/mo
HOA$11,425/mo
1 / 32
Show every detail
Statusfor_sale
Listed date2025-03-19
Removed date—
MLSMiamiMLS #A11761192
Coordinates25.77000, -80.13219
Address125 Ocean Dr Unit U0303
CityMiami Beach
StateFL
Zip33139
Listing ID5210249621
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33139)
Typical home value (ZHVI)$471,015
Typical rent (ZORI)$2,928/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 | $19,642,000 |
| Down payment (20.0%) | $3,928,400 |
| Loan amount | $15,713,600 |
| Closing costs (5.0%) | $982,100 |
| Total cash to close | $4,910,500 |
| Income | |
| Rent (comp-derived) | $59,000$708,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $54,280$651,360 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $31,100$373,198 |
| Insurance (placeholder 0.8% of price) | $13,095$157,136 |
| HOA dues | $11,425$137,100 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $2,950$35,400 |
| Total operating expenses | $58,570$702,834 |
| 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) | $2,950$35,400 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 5 | 2,954 | $35,000 | 2026-08-07 | — | |
| condos | 4 | 4 | 3,837 | $110,000 | 2026-05-12 | — | |
| condos | 4 | 5 | 3,535 | $60,000 | 2026-01-22 | — | |
| condos | 4 | 5 | 3,337 | $58,000 | 2026-08-08 | — |
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 |
|---|---|---|---|---|---|---|
| 11 Island Ave Apt 1201 | condos | 4 | 4 | 2,760 | $3,845,000 | 2026-06-29 |
| 50 S Pointe Dr Unit TWN7 | condos | 4 | 5 | 2,779 | $9,000,000 | 2026-06-25 |
| 125 Ocean Dr Unit U0503 | condos | 4 | 5 | 3,463 | $12,400,000 | 2026-06-22 |
| 800 S Pointe Dr Apt 801 | condos | 4 | 5 | 4,154 | $14,500,000 | 2026-06-05 |
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 |
|---|---|---|---|---|---|---|
| 1281 S Venetian Way | single_family | 4 | 4 | 2,912 | $3,975,000 | — |
| 1092 N Venetian Dr | single_family | 4 | 5 | 3,650 | $6,575,000 | — |
| 56 S Hibiscus Dr | single_family | 4 | 5 | 3,092 | $14,900,000 | — |
| 300 S Pointe Dr Ph 5 | condos | 4 | 7 | 5,680 | $24,999,000 | — |
| 455 E Dilido Dr | single_family | 4 | 5 | 3,138 | $13,800,000 | — |
| 1405 Lenox Ave | single_family | 4 | 2 | 2,112 | $2,200,000 | — |
| 1508 Meridian Ave | multi_family | 4 | 4 | 1,776 | $1,200,000 | — |
| 215 Palm Ave | single_family | 4 | 6 | 5,241 | $6,500,000 | — |
10-year hold projection
IRR-7.7%
Equity multiple-0.30x
Total return (10yr)-$3,826,789
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $20,231,260 | -$51,474 | -$1,298,632 | $15,543,230 | $4,688,030 |
| 2 | $20,838,198 | -$49,504 | -$1,297,547 | $15,361,160 | $5,477,038 |
| 3 | $21,463,344 | -$47,387 | -$1,296,337 | $15,166,587 | $6,296,757 |
| 4 | $22,107,244 | -$45,117 | -$1,294,997 | $14,958,653 | $7,148,592 |
| 5 | $22,770,461 | -$42,686 | -$1,293,519 | $14,736,439 | $8,034,022 |
| 6 | $23,453,575 | -$40,087 | -$1,291,897 | $14,498,966 | $8,954,609 |
| 7 | $24,157,182 | -$37,314 | -$1,290,125 | $14,245,185 | $9,911,997 |
| 8 | $24,881,898 | -$34,358 | -$1,288,196 | $13,973,977 | $10,907,920 |
| 9 | $25,628,355 | -$31,212 | -$1,286,101 | $13,684,145 | $11,944,209 |
| 10 | $26,397,206 | -$27,866 | -$1,283,834 | $13,374,410 | $13,022,795 |
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.