1460 S Treasure Dr
North Bay Village, FL 33141 · single_family · For Sale · 27 days on market
Asking price$10,999,999
6 beds 7 baths 6,816 sqft
Listed by Jonathan Mann · Coldwell Banker Realty
Typesingle_family
Built2016
Price / sqft$1614
Est. value (own analysis)$14,068,360
Rent estimate (Zillow ZIP avg)$2,504/mo
HOANone
1 / 64
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Statusfor_sale
Listed date2026-08-06
Removed date—
MLSMiamiMLS #A12063307
Coordinates25.84427, -80.15419
Address1460 S Treasure Dr
CityNorth Bay Village
StateFL
Zip33141
Listing ID6055052888
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 | $10,999,999 |
| Down payment (20.0%) | $2,200,000 |
| Loan amount | $8,799,999 |
| Closing costs (5.0%) | $550,000 |
| Total cash to close | $2,750,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,504$30,049 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,304$27,645 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $17,417$209,000 |
| Insurance (placeholder 0.8% of price) | $7,333$88,000 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $125$1,502 |
| Total operating expenses | $24,875$298,502 |
| 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) | $125$1,502 |
| 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 | 6 | 6 | 7,129 | $75,000 | 2025-09-29 | — |
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 |
|---|---|---|---|---|---|---|
| 6535 Allison Rd | single_family | 6 | 6 | 5,809 | $12,950,000 | 2026-07-21 |
| 17 LA Gorce Cir | single_family | 6 | 6 | 5,135 | $9,750,000 | 2026-06-25 |
| 1785 Cleveland Rd | single_family | 6 | 7 | 6,000 | $14,200,000 | 2026-02-17 |
| 7711 Collins Ave | single_family | 6 | 4 | 2,634 | $838,500 | 2026-01-02 |
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 |
|---|---|---|---|---|---|---|
| 1170 71st St | multi_family | 6 | 5 | 3,759 | $1,299,000 | — |
| 7845 Atlantic Way | single_family | 6 | 9 | 6,350 | $40,000,000 | — |
| 570 S Shore Dr | single_family | 6 | 8 | 5,043 | $9,335,000 | — |
| 7811 Carlyle Ave | single_family | 6 | 6 | 3,405 | $2,590,000 | — |
| 470 S Shore Dr | single_family | 6 | 7 | 4,922 | $8,800,000 | — |
| 2120 Biarritz Dr | multi_family | 6 | 5 | 3,492 | $1,700,000 | — |
| 955 79th Ter | multi_family | 6 | 4 | 2,728 | $1,500,000 | — |
| 7610 Dickens Ave | multi_family | 6 | 4 | 3,655 | $1,600,000 | — |
10-year hold projection
IRR-13.0%
Equity multiple-1.25x
Total return (10yr)-$4,737,206
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $11,329,999 | -$270,857 | -$950,974 | $8,704,588 | $2,625,411 |
| 2 | $11,669,899 | -$277,490 | -$957,644 | $8,602,624 | $3,067,275 |
| 3 | $12,019,996 | -$284,285 | -$964,478 | $8,493,659 | $3,526,337 |
| 4 | $12,380,596 | -$291,246 | -$971,478 | $8,377,211 | $4,003,385 |
| 5 | $12,752,014 | -$298,376 | -$978,648 | $8,252,766 | $4,499,248 |
| 6 | $13,134,574 | -$305,680 | -$985,994 | $8,119,775 | $5,014,799 |
| 7 | $13,528,611 | -$313,162 | -$993,518 | $7,977,652 | $5,550,959 |
| 8 | $13,934,470 | -$320,826 | -$1,001,225 | $7,825,769 | $6,108,701 |
| 9 | $14,352,504 | -$328,676 | -$1,009,121 | $7,663,456 | $6,689,048 |
| 10 | $14,783,079 | -$336,718 | -$1,017,208 | $7,489,997 | $7,293,082 |
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.