545 Sabal Palm Dr
Key Biscayne, FL 33149 · single_family · For Sale · 390 days on market
Asking price$7,950,000
5 beds 5 baths 4,166 sqft
Suggested offer$5,960,487$1,989,513 above the est. market value of $5,960,487.
View on Realtor.com →Listed by Brigitte De Langeron · DLS International Realty
Typesingle_family
Built2012
Price / sqft$1908
Est. value (own analysis)$5,960,487
Rent estimate (own analysis)$28,000/mo
HOANone
1 / 101
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Statusfor_sale
Listed date2025-08-08
Removed date—
MLSMiamiMLS #A11855412
Coordinates25.69145, -80.17122
Address545 Sabal Palm Dr
CityKey Biscayne
StateFL
Zip33149
Listing ID5929070769
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33149)
Typical home value (ZHVI)$1,692,135
Typical rent (ZORI)$7,910/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 | $7,950,000 |
| Down payment (20.0%) | $1,590,000 |
| Loan amount | $6,360,000 |
| Closing costs (5.0%) | $397,500 |
| Total cash to close | $1,987,500 |
| Income | |
| Rent (comp-derived) | $28,000$336,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $25,760$309,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $12,588$151,050 |
| Insurance (placeholder 0.8% of price) | $5,300$63,600 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,400$16,800 |
| Total operating expenses | $19,288$231,450 |
| 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) | $1,400$16,800 |
| 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 | 6 | 3,650 | $28,500 | 2026-05-19 | — | |
| single_family | 5 | 6 | 5,421 | $25,000 | 2026-08-03 | — | |
| single_family | 5 | 6 | 3,495 | $20,000 | 2026-06-10 | — | |
| single_family | 5 | 6 | 3,661 | $55,000 | 2026-07-20 | — | |
| single_family | 5 | 5 | 3,202 | $40,000 | 2026-03-28 | — | |
| single_family | 5 | 6 | 3,633 | $21,500 | 2026-05-21 | — | |
| single_family | 5 | 6 | 5,341 | $70,000 | 2025-05-26 | — | |
| single_family | 5 | 5 | 3,149 | $22,000 | 2026-07-01 | — | |
| single_family | 5 | 7 | 3,475 | $27,500 | 2026-05-21 | — | |
| single_family | 5 | 6 | 4,700 | $35,500 | 2026-03-18 | — |
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 |
|---|---|---|---|---|---|---|
| 346 Gulf Rd | single_family | 5 | 6 | 3,285 | $4,700,000 | 2026-07-27 |
| 677 Hampton Ln | single_family | 5 | 4 | 2,429 | $3,125,000 | 2026-03-09 |
| 670 Allendale Rd | single_family | 5 | 5 | 2,320 | $3,475,000 | 2026-01-27 |
| 261 Greenwood Dr | single_family | 5 | 6 | 3,525 | $6,275,000 | 2025-12-11 |
| 201 Buttonwood Dr | single_family | 5 | 5 | 3,791 | $5,265,000 | 2025-12-09 |
| 100 Hampton Ln | single_family | 5 | 6 | 3,584 | $6,200,000 | 2025-12-04 |
| 220 Cypress Dr | single_family | 5 | 6 | 4,089 | $4,600,000 | 2025-10-10 |
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 |
|---|---|---|---|---|---|---|
| 485 W Matheson Dr | single_family | 5 | 9 | 11,528 | $237,000,000 | — |
| 501 Bay Ln | single_family | 5 | 5 | 4,759 | $5,990,000 | — |
| 520 S Mashta Dr | single_family | 5 | 4 | 3,085 | $19,900,000 | — |
| 571 Glenridge Rd | single_family | 5 | 7 | 3,768 | $7,490,000 | — |
| 24 Grand Bay Estates Cir | single_family | 5 | 6 | 4,220 | $4,950,000 | — |
| 524 Warren Ln | single_family | 5 | 4 | 2,700 | $3,730,000 | — |
| 445 Grand Bay Dr Ph 1A | condos | 5 | 6 | 8,435 | $18,900,000 | — |
| 445 Ridgewood Rd | single_family | 5 | 6 | 3,688 | $6,685,000 | — |
10-year hold projection
IRR-4.5%
Equity multiple0.25x
Total return (10yr)-$461,144
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $8,188,500 | $77,670 | -$429,583 | $6,291,043 | $1,897,457 |
| 2 | $8,434,155 | $81,157 | -$426,515 | $6,217,352 | $2,216,803 |
| 3 | $8,687,180 | $84,778 | -$423,325 | $6,138,599 | $2,548,580 |
| 4 | $8,947,795 | $88,537 | -$420,007 | $6,054,439 | $2,893,356 |
| 5 | $9,216,229 | $92,440 | -$416,557 | $5,964,499 | $3,251,729 |
| 6 | $9,492,716 | $96,490 | -$412,970 | $5,868,383 | $3,624,332 |
| 7 | $9,777,497 | $100,694 | -$409,241 | $5,765,667 | $4,011,830 |
| 8 | $10,070,822 | $105,057 | -$405,365 | $5,655,897 | $4,414,925 |
| 9 | $10,372,947 | $109,585 | -$401,337 | $5,538,589 | $4,834,358 |
| 10 | $10,684,135 | $114,282 | -$397,152 | $5,413,226 | $5,270,910 |
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.