7042 Fisher Island Dr Unit 7042
Miami Beach, FL 33109 · condos · For Sale · 58 days on market
Asking price$12,200,000
3 beds 4 baths 3,581 sqft
Suggested offer$6,611,077$5,588,923 above the est. market value of $6,611,077.
View on Realtor.com →Listed by Roberta Capua Tazzini · BHHS EWM Realty
Typecondos
Built2016
Price / sqft$3407
Est. value (own analysis)$6,611,077
Rent estimate (own analysis)$28,500/mo
HOA$7,984/mo
Wind10/10Extreme$Heat10/10ExtremeFlood6/10major$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-06
Removed date—
MLSMiamiMLS #A12046360
Coordinates25.76348, -80.13770
Address7042 Fisher Island Dr Unit 7042
CityMiami Beach
StateFL
Zip33109
Listing ID5473669240
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33109)
No market data analyzed yet for ZIP 33109.
Analyze ZIP 33109 (≥1 of 50 per our log, shared with every property in this ZIP)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $12,200,000 |
| Down payment (20.0%) | $2,440,000 |
| Loan amount | $9,760,000 |
| Closing costs (5.0%) | $610,000 |
| Total cash to close | $3,050,000 |
| Income | |
| Rent (comp-derived) | $28,500$342,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $26,220$314,640 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $19,317$231,800 |
| Insurance (est. scaled by flood & wind risk) | $14,233$170,800 |
| HOA dues | $7,984$95,808 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,425$17,100 |
| Total operating expenses | $42,959$515,508 |
| 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) | $1,425$17,100 |
| 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 | 4 | 2,744 | $20,000 | 2026-07-09 | — | |
| condos | 3 | 4 | 3,140 | $20,000 | 2025-02-28 | — | |
| condos | 3 | 4 | 3,140 | $29,000 | 2026-02-24 | — | |
| condos | 3 | 4 | 3,192 | $40,000 | 2026-06-18 | — | |
| condos | 3 | 4 | 2,744 | $28,000 | 2026-04-10 | — | |
| apartment | 3 | 4 | 2,744 | $30,000 | 2026-04-06 | — |
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 | — |
| 19216 Fisher Island Dr Unit 19216 | condos | 3 | 3 | 2,049 | $4,400,000 | — |
10-year hold projection
IRR-11.2%
Equity multiple-0.91x
Total return (10yr)-$4,237,770
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $12,566,000 | -$200,868 | -$970,613 | $9,654,180 | $2,911,820 |
| 2 | $12,942,980 | -$204,317 | -$974,489 | $9,541,093 | $3,401,887 |
| 3 | $13,331,269 | -$207,804 | -$978,414 | $9,420,240 | $3,911,029 |
| 4 | $13,731,207 | -$211,330 | -$982,390 | $9,291,089 | $4,440,119 |
| 5 | $14,143,144 | -$214,894 | -$986,414 | $9,153,068 | $4,990,076 |
| 6 | $14,567,438 | -$218,496 | -$990,488 | $9,005,569 | $5,561,869 |
| 7 | $15,004,461 | -$222,135 | -$994,610 | $8,847,941 | $6,156,520 |
| 8 | $15,454,595 | -$225,810 | -$998,781 | $8,679,489 | $6,775,106 |
| 9 | $15,918,233 | -$229,520 | -$1,002,999 | $8,499,469 | $7,418,763 |
| 10 | $16,395,780 | -$233,265 | -$1,007,265 | $8,307,087 | $8,088,693 |
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.