550 S Shore Dr
Miami Beach, FL 33141 · single_family · For Sale · 128 days on market
Asking price$6,295,000
4 beds 5 baths 3,206 sqft
Suggested offer$3,864,544$2,430,456 above the est. market value of $3,864,544.
View on Realtor.com →Listed by Rich Tallman · La Playa Properties Group Inc
Typesingle_family
Built2025
Price / sqft$1964
Est. value (own analysis)$3,864,544
Rent estimate (own analysis)$17,000/mo
HOANone
1 / 39
Show every detail
Statusfor_sale
Listed date2026-04-27
Removed date—
MLSMiamiMLS #A12007341
Coordinates25.85566, -80.13635
Address550 S Shore Dr
CityMiami Beach
StateFL
Zip33141
Listing ID5372361120
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $6,295,000 |
| Down payment (20.0%) | $1,259,000 |
| Loan amount | $5,036,000 |
| Closing costs (5.0%) | $314,750 |
| Total cash to close | $1,573,750 |
| Income | |
| Rent (comp-derived) | $17,000$204,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $15,640$187,680 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $9,967$119,605 |
| Insurance (placeholder 0.8% of price) | $4,197$50,360 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $850$10,200 |
| Total operating expenses | $15,014$180,165 |
| 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) | $850$10,200 |
| 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 | 4 | 3 | 2,874 | $15,000 | 2026-08-25 | — | |
| single_family | 4 | 3 | 2,326 | $14,500 | 2026-08-24 | — | |
| single_family | 4 | 3 | 3,611 | $9,800 | 2026-07-15 | — | |
| single_family | 4 | 3 | 2,170 | $7,199 | 2026-05-02 | — | |
| single_family | 4 | 3 | 3,238 | $16,000 | 2026-08-14 | — | |
| single_family | 4 | 3 | 2,174 | $6,900 | 2026-05-09 | — | |
| single_family | 4 | 4 | 3,260 | $30,000 | 2026-05-18 | — | |
| single_family | 4 | 4 | 2,672 | $24,500 | 2026-06-17 | — | |
| single_family | 4 | 3 | 4,232 | $31,000 | 2025-11-21 | — | |
| single_family | 4 | 4 | 2,664 | $20,000 | 2026-05-27 | — | |
| single_family | 4 | 4 | 2,669 | $18,000 | 2026-05-27 | — | |
| single_family | 4 | 4 | 2,786 | $25,000 | 2026-04-20 | — | |
| single_family | 4 | 3 | 2,782 | $15,900 | 2026-08-09 | — | |
| single_family | 4 | 4 | 3,126 | $18,950 | 2026-07-20 | — | |
| single_family | 4 | 5 | 3,206 | $24,500 | 2026-06-03 | — | |
| single_family | 4 | 4 | 3,495 | $22,500 | 2026-07-01 | — | |
| single_family | 4 | 3 | 2,174 | $7,200 | — | — | |
| single_family | 4 | 3 | 2,170 | $7,199 | — | — | |
| single_family | 4 | 4 | 2,664 | $20,000 | — | — | |
| single_family | 4 | 3 | 2,874 | $15,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1405 Stillwater Dr | single_family | 4 | 3 | 3,019 | $3,975,000 | 2026-08-28 |
| 545 S Shore Dr | single_family | 4 | 5 | 3,375 | $2,700,000 | 2026-08-28 |
| 970 S Shore Dr | single_family | 4 | 5 | 3,016 | $3,300,000 | 2026-08-17 |
| 425 N Shore Dr | single_family | 4 | 3 | 4,502 | $7,000,000 | 2026-07-27 |
| 7544 Adventure Ave | single_family | 4 | 3 | 1,574 | $980,000 | 2026-07-17 |
| 1323 Cleveland Rd | single_family | 4 | 3 | 2,011 | $2,100,000 | 2026-06-22 |
| 6380 N Bay Rd | single_family | 4 | 4 | 4,494 | $25,500,000 | 2026-05-20 |
| 1275 N Biscayne Point Rd | single_family | 4 | 3 | 2,523 | $7,200,000 | 2026-05-18 |
| 765 N Shore Dr | single_family | 4 | 3 | 3,650 | $5,900,000 | 2026-04-15 |
| 1681 Bay Dr | single_family | 4 | 1 | 1,939 | $840,000 | 2026-03-30 |
| 1510 Stillwater Dr | single_family | 4 | 5 | 3,468 | $8,388,900 | 2026-03-23 |
| 84 LA Gorce Cir | single_family | 4 | 6 | 5,364 | $31,500,000 | 2026-03-19 |
| 1524 Biarritz Dr | single_family | 4 | 4 | 2,406 | $1,200,000 | 2026-03-11 |
| 7517 Hispanola Ave | single_family | 4 | 3 | — | $980,000 | 2026-01-23 |
| 1375 N Biscayne Point Rd | single_family | 4 | 3 | 3,934 | $5,524,500 | 2026-01-05 |
| 833 86th St | single_family | 4 | 2 | 1,696 | $3,000,000 | 2025-12-22 |
| 7820 Noremac Ave | single_family | 4 | 2 | 2,064 | $1,150,000 | 2025-12-17 |
| 995 S Shore Dr | single_family | 4 | 3 | 2,583 | $1,250,000 | 2025-12-15 |
| 2440 N Shore Ter | single_family | 4 | 4 | 3,442 | $7,250,000 | 2025-12-08 |
| 420 N Shore Dr | single_family | 4 | 2 | 2,474 | $2,000,000 | 2025-12-08 |
| 1560 Bay Dr | single_family | 4 | 4 | 4,385 | $4,600,000 | 2025-10-30 |
| 1820 Daytonia Rd | single_family | 4 | 3 | 2,863 | $5,650,000 | 2025-09-15 |
| 1500 71st St | single_family | 4 | 3 | 2,620 | $1,185,000 | 2025-09-08 |
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 |
|---|---|---|---|---|---|---|
| 7940 West Dr Unit 1501 | condos | 4 | 5 | 3,247 | $6,998,200 | — |
| 7940 West Dr Unit SR02 | condos | 4 | 5 | 4,818 | $12,965,000 | — |
| 1141 N Biscayne Point Rd | single_family | 4 | 5 | 4,299 | $15,900,000 | — |
| 265 Fairway Dr | single_family | 4 | 4 | 2,509 | $3,189,000 | — |
| 7970 Hawthorne Ave | single_family | 4 | 3 | 2,496 | $2,670,000 | — |
| 6899 Collins Ave Unit 2708 | condos | 4 | 3 | 2,670 | $4,995,000 | — |
| 1324 Normandy Dr | single_family | 4 | 3 | 1,538 | $1,184,888 | — |
| 270 N Shore Dr | single_family | 4 | 4 | 3,164 | $3,980,000 | — |
10-year hold projection
IRR-6.7%
Equity multiple-0.13x
Total return (10yr)-$950,081
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $6,483,850 | $7,515 | -$391,037 | $4,981,399 | $1,502,451 |
| 2 | $6,678,366 | $8,641 | -$390,166 | $4,923,048 | $1,755,318 |
| 3 | $6,878,716 | $9,824 | -$389,245 | $4,860,690 | $2,018,027 |
| 4 | $7,085,078 | $11,065 | -$388,272 | $4,794,050 | $2,291,028 |
| 5 | $7,297,630 | $12,367 | -$387,244 | $4,722,833 | $2,574,797 |
| 6 | $7,516,559 | $13,732 | -$386,160 | $4,646,726 | $2,869,833 |
| 7 | $7,742,056 | $15,164 | -$385,018 | $4,565,393 | $3,176,663 |
| 8 | $7,974,318 | $16,663 | -$383,814 | $4,478,475 | $3,495,843 |
| 9 | $8,213,547 | $18,234 | -$382,546 | $4,385,587 | $3,827,960 |
| 10 | $8,459,954 | $19,878 | -$381,212 | $4,286,321 | $4,173,632 |
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.