19216 Fisher Island Dr Unit 19216
Fisher Island, FL 33109 · condos · For Sale · 23 days on market
Asking price$4,400,000
3 beds 3 baths 2,049 sqft
Suggested offer$3,782,769$617,231 above the est. market value of $3,782,769.
View on Realtor.com →Listed by Robert Volé · THE ISLAND - FISHER ISLAND
Typecondos
Built1989
Price / sqft$2147
Est. value (own analysis)$3,782,769
Rent estimate (own analysis)$30,000/mo
HOA$3,182/mo
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-08-10
Removed date—
MLSMiamiMLS #A12065089
Coordinates25.75772, -80.13861
Address19216 Fisher Island Dr Unit 19216
CityFisher Island
StateFL
Zip33109
Listing ID5425152470
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33109)
Median sale price$4,500,000
Median days on market (sale)125
Active sale listings21
Median rent$9,093/mo
Active rental listings1
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33109 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $4,400,000 |
| Down payment (20.0%) | $880,000 |
| Loan amount | $3,520,000 |
| Closing costs (5.0%) | $220,000 |
| Total cash to close | $1,100,000 |
| Income | |
| Rent (comp-derived) | $30,000$360,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $27,600$331,200 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $6,967$83,600 |
| Insurance (est. scaled by flood & wind risk) | $5,720$68,640 |
| HOA dues | $3,182$38,184 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,500$18,000 |
| Total operating expenses | $17,369$208,424 |
| 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) | $1,500$18,000 |
| 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 | 3 | 2 | 1,838 | $30,000 | 2021-10-19 | — | |
| condos | 3 | 4 | 2,234 | $40,000 | 2024-03-14 | — | |
| condos | 3 | 2 | 1,838 | $30,000 | 2022-05-03 | — | |
| condos | 3 | 2 | 1,875 | $29,000 | 2024-02-17 | — | |
| condos | 3 | 4 | 2,049 | $18,900 | 2025-04-07 | — | |
| condos | 3 | 4 | 2,744 | $20,000 | 2026-07-09 | — | |
| condos | 3 | 3 | 2,049 | $40,000 | 2026-08-10 | — | |
| condos | 3 | 3 | 2,034 | $40,000 | 2025-06-02 | — | |
| condos | 3 | 3 | 2,049 | $28,000 | 2021-04-24 | — | |
| condos | 3 | 3 | 2,049 | $32,000 | 2026-06-09 | — | |
| condos | 3 | 4 | 2,744 | $28,000 | 2026-04-10 | — | |
| apartment | 3 | 4 | 2,744 | $30,000 | 2026-04-06 | — | |
| condos | 3 | 3 | 1,875 | $40,000 | 2026-06-17 | — | |
| condos | 3 | 3 | 2,049 | $27,000 | 2025-11-08 | — | |
| condos | 3 | 3 | 2,034 | $29,000 | 2024-06-30 | — |
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 |
|---|---|---|---|---|---|---|
| 19236 Fisher Island Dr Unit 19236 | condos | 3 | 3 | 2,049 | $3,000,000 | 2026-05-19 |
| 7937 Fisher Island Dr Unit 7937 | condos | 3 | 4 | 2,530 | $8,550,000 | 2026-03-31 |
| 2437 Fisher Island Dr Unit 5307 | condos | 3 | 4 | 3,192 | $4,700,000 | 2026-03-25 |
| 4922 Fisher Island Dr Unit 4922 | condos | 3 | 4 | 2,000 | $5,800,000 | 2025-12-31 |
| 5344 Fisher Island Dr Unit 5344 | condos | 3 | 3 | 1,950 | $3,600,000 | 2025-12-22 |
| 19152 Fisher Island Dr Unit 19152 | condos | 3 | 3 | 1,838 | $5,000,000 | 2025-12-10 |
| 2021 Fisher Island Dr Unit 2021 | condos | 3 | 4 | 2,744 | $4,300,000 | 2025-11-05 |
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 |
|---|---|---|---|---|---|---|
| 2443 Fisher Island Dr Unit 5403 | condos | 3 | 4 | 3,227 | $5,250,000 | — |
| 2134 Fisher Island Dr Unit 2134 | condos | 3 | 4 | 2,744 | $4,500,000 | — |
| 2133 Fisher Island Dr Unit 2133 | condos | 3 | 4 | 1,847 | $3,789,000 | — |
| 2521 Fisher Island Dr Unit 6201 | condos | 3 | 4 | 2,744 | $7,750,000 | — |
| 2432 Fisher Island Dr Unit 5302 | condos | 3 | 4 | 2,234 | $3,900,000 | — |
| 5266 Fisher Island Dr Unit 5266 | condos | 3 | 4 | 2,740 | $5,400,000 | — |
| 2236 Fisher Island Dr Unit 3306 | condos | 3 | 4 | 2,744 | $5,200,000 | — |
| 6 Fisher Island Dr Unit 305 | condos | 3 | 5 | 3,872 | $17,100,000 | — |
10-year hold projection
IRR0.0%
Equity multiple1.01x
Total return (10yr)$582,900
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $4,532,000 | $122,776 | -$166,670 | $3,481,835 | $1,050,165 |
| 2 | $4,667,960 | $127,501 | -$162,394 | $3,441,050 | $1,226,910 |
| 3 | $4,807,999 | $132,395 | -$157,962 | $3,397,464 | $1,410,535 |
| 4 | $4,952,239 | $137,461 | -$153,368 | $3,350,884 | $1,601,354 |
| 5 | $5,100,806 | $142,707 | -$148,607 | $3,301,106 | $1,799,700 |
| 6 | $5,253,830 | $148,139 | -$143,672 | $3,247,910 | $2,005,920 |
| 7 | $5,411,445 | $153,762 | -$138,558 | $3,191,061 | $2,220,384 |
| 8 | $5,573,788 | $159,584 | -$133,258 | $3,130,307 | $2,443,481 |
| 9 | $5,741,002 | $165,610 | -$127,767 | $3,065,382 | $2,675,620 |
| 10 | $5,913,232 | $171,848 | -$122,077 | $2,995,998 | $2,917,234 |
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.