268 S Parkway
Golden Beach, FL 33160 · single_family · For Sale · 159 days on market
Asking price$14,800,000
5 beds 4 baths 4,019 sqft
Suggested offer$3,461,203$11,338,797 above the est. market value of $3,461,203.
View on Realtor.com →Listed by Jonathan Mann · Coldwell Banker Realty
Typesingle_family
Built1953
Price / sqft$3683
Est. value (own analysis)$3,461,203
Rent estimate (own analysis)$35,000/mo
HOANone
1 / 11
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Statusfor_sale
Listed date2026-03-27
Removed date—
MLSMiamiMLS #A11986127
Coordinates25.96278, -80.12176
Address268 S Parkway
CityGolden Beach
StateFL
Zip33160
Listing ID5818824078
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 | $14,800,000 |
| Down payment (20.0%) | $2,960,000 |
| Loan amount | $11,840,000 |
| Closing costs (5.0%) | $740,000 |
| Total cash to close | $3,700,000 |
| Income | |
| Rent (comp-derived) | $35,000$420,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $32,200$386,400 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $23,433$281,200 |
| Insurance (placeholder 0.8% of price) | $9,867$118,400 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,750$21,000 |
| Total operating expenses | $35,050$420,600 |
| 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) | $1,750$21,000 |
| 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 |
|---|---|---|---|---|---|---|---|
| single_family | 5 | 5 | 3,156 | $16,500 | 2026-07-07 | — | |
| single_family | 5 | 7 | 3,955 | $38,000 | 2026-08-13 | — | |
| single_family | 5 | 7 | 2,932 | $21,000 | 2026-07-24 | — | |
| single_family | 5 | 6 | 5,036 | $35,000 | 2026-06-04 | — | |
| single_family | 5 | 6 | 4,759 | $50,000 | 2026-05-05 | — |
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 |
|---|---|---|---|---|---|---|
| 262 189th Ter | single_family | 5 | 6 | 4,140 | $5,325,000 | 2026-08-17 |
| 625 Ocean Blvd | single_family | 5 | 4 | 6,734 | $24,000,000 | 2026-08-13 |
| 465 Golden Beach Dr | single_family | 5 | 5 | 3,674 | $4,500,000 | 2026-07-01 |
| 3443 NE 166th St | single_family | 5 | 5 | 3,083 | $2,000,000 | 2026-05-21 |
| 333 Golden Beach Dr | single_family | 5 | 5 | 4,810 | $4,000,000 | 2026-05-19 |
| 3942 194th Ln | single_family | 5 | 5 | 3,339 | $2,450,000 | 2026-04-07 |
| 3914 Island Estates Dr | single_family | 5 | 6 | 6,522 | $10,000,000 | 2026-03-23 |
| 2531 NE 182nd St | single_family | 5 | 5 | 3,302 | $1,740,000 | 2025-12-15 |
| 2531 NE 182 | single_family | 5 | 5 | 4,035 | $1,740,000 | 2025-12-05 |
| 250 190th St | single_family | 5 | 6 | 4,378 | $3,900,000 | 2025-09-29 |
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 |
|---|---|---|---|---|---|---|
| 18825 N Bay Rd | single_family | 5 | 5 | — | $3,500,000 | — |
| 4027 194th Trl | single_family | 5 | 5 | 3,403 | $3,890,000 | — |
| 2950 NE 164th St | single_family | 5 | 6 | 5,796 | $7,450,000 | — |
| 3960 194th Trl | single_family | 5 | 5 | 3,291 | $2,950,000 | — |
| 16414 NE 33rd Ave | single_family | 5 | 6 | 2,053 | $3,699,000 | — |
| 16470 NE 30th Ave | single_family | 5 | 8 | 5,347 | $14,500,000 | — |
| 16430 NE 30th Ave | single_family | 5 | 5 | 5,027 | $6,175,000 | — |
| 300 Sunny Isles Blvd Ph 3 | condos | 5 | 6 | 3,722 | $3,500,000 | — |
10-year hold projection
IRR-7.6%
Equity multiple-0.28x
Total return (10yr)-$2,795,702
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $15,244,000 | -$34,200 | -$968,244 | $11,711,628 | $3,532,372 |
| 2 | $15,701,320 | -$33,123 | -$967,692 | $11,574,441 | $4,126,879 |
| 3 | $16,172,360 | -$31,961 | -$967,069 | $11,427,833 | $4,744,527 |
| 4 | $16,657,530 | -$30,710 | -$966,370 | $11,271,157 | $5,386,374 |
| 5 | $17,157,256 | -$29,367 | -$965,592 | $11,103,722 | $6,053,535 |
| 6 | $17,671,974 | -$27,927 | -$964,731 | $10,924,789 | $6,747,185 |
| 7 | $18,202,133 | -$26,385 | -$963,783 | $10,733,568 | $7,468,565 |
| 8 | $18,748,197 | -$24,738 | -$962,745 | $10,529,217 | $8,218,981 |
| 9 | $19,310,643 | -$22,980 | -$961,611 | $10,310,832 | $8,999,811 |
| 10 | $19,889,962 | -$21,107 | -$960,378 | $10,077,450 | $9,812,512 |
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.