1840 S Bayshore Ln
Miami, FL 33133 · single_family · For Sale · 364 days on market
Asking price$16,900,000
5 beds 7 baths 12,863 sqft
Suggested offer$15,245,037$1,654,963 above the est. market value of $15,245,037.
View on Realtor.com →Listed by Lourdes Alatriste · Douglas Elliman
Typesingle_family
Built2009
Price / sqft$1314
Est. value (own analysis)$15,245,037
Rent estimate (own analysis)$21,000/mo
HOANone
1 / 89
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Statusfor_sale
Listed date2025-09-03
Removed date—
MLSMiamiMLS #A11861425
Coordinates25.73684, -80.22203
Address1840 S Bayshore Ln
CityMiami
StateFL
Zip33133
Listing ID6085346888
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33133)
Typical home value (ZHVI)$1,352,044
Typical rent (ZORI)$3,793/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 | $16,900,000 |
| Down payment (20.0%) | $3,380,000 |
| Loan amount | $13,520,000 |
| Closing costs (5.0%) | $845,000 |
| Total cash to close | $4,225,000 |
| Income | |
| Rent (comp-derived) | $21,000$252,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $19,320$231,840 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $26,758$321,100 |
| Insurance (placeholder 0.8% of price) | $11,267$135,200 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,050$12,600 |
| Total operating expenses | $39,075$468,900 |
| 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) | $1,050$12,600 |
| 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 | 4 | 2,452 | $21,000 | 2026-08-17 | — | |
| single_family | 5 | 3 | 2,592 | $14,000 | 2026-07-27 | — | |
| single_family | 5 | 4 | 3,200 | $17,500 | 2026-07-01 | — | |
| single_family | 5 | 4 | 3,114 | $16,000 | 2026-06-17 | — | |
| single_family | 5 | 5 | 3,721 | $21,500 | 2026-05-27 | — | |
| single_family | 5 | 7 | 4,173 | $49,000 | 2026-07-28 | — | |
| single_family | 5 | 3 | 2,189 | $12,000 | 2026-04-02 | — | |
| single_family | 5 | 6 | 6,122 | $38,000 | 2026-04-14 | — | |
| single_family | 5 | 6 | 4,253 | $30,000 | — | — | |
| single_family | 5 | 5 | 3,629 | $25,000 | — | — | |
| single_family | 5 | 4 | 3,160 | $21,000 | 2026-08-27 | — | |
| single_family | 5 | 5 | 4,003 | $17,500 | 2026-07-15 | — | |
| single_family | 5 | 5 | 6,606 | $40,000 | 2026-04-08 | — | |
| single_family | 5 | 6 | 4,253 | $30,000 | 2025-11-24 | — | |
| single_family | 5 | 4 | 2,470 | $7,500 | — | — |
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 |
|---|---|---|---|---|---|---|
| 1880 S Bayshore Dr | single_family | 5 | 5 | 4,442 | $3,100,000 | 2026-08-11 |
| 4095 Hardie Ave | single_family | 5 | 7 | 3,736 | $5,000,000 | 2026-08-05 |
| 30 Samana Dr | single_family | 5 | 7 | 4,964 | $7,525,000 | 2026-08-04 |
| 2521 Lincoln Ave | single_family | 5 | 6 | — | $6,000,000 | 2026-07-28 |
| 3211 Morris Ln | single_family | 5 | 4 | 3,439 | $2,800,000 | 2026-06-15 |
| 4191 Battersea Rd | single_family | 5 | 6 | 3,882 | $5,305,900 | 2026-06-11 |
| 3090 Munroe Dr | single_family | 5 | 6 | 6,508 | $22,975,000 | 2026-05-21 |
| 1755 Fairhaven Pl | single_family | 5 | 6 | 5,378 | $8,387,500 | 2026-05-20 |
| 2980 Coconut Ave | single_family | 5 | 5 | 4,059 | $3,050,000 | 2026-05-19 |
| 4090 Hardie Ave | single_family | 5 | 5 | 3,902 | $5,675,000 | 2026-05-06 |
| 4110 Park Ave | single_family | 5 | 5 | 4,160 | $5,300,000 | 2026-04-23 |
| 4081 Hardie Ave | single_family | 5 | 7 | 4,188 | $5,790,000 | 2026-04-21 |
| 3861 Kumquat Ave | single_family | 5 | 3 | 4,670 | $3,700,000 | 2026-04-08 |
| 144 N Prospect Dr | single_family | 5 | 6 | 5,212 | $4,600,000 | 2026-04-03 |
| 1668 Tigertail Ave | single_family | 5 | 7 | 3,379 | $5,395,000 | 2026-03-20 |
| 4039 Ventura Ave | single_family | 5 | 5 | 4,687 | $4,200,000 | 2026-03-16 |
| 4010 Park Ave | single_family | 5 | 6 | 4,304 | $5,400,000 | 2026-03-12 |
| 4024 Bonita Ave | single_family | 5 | 6 | 4,197 | $6,700,000 | 2026-03-10 |
| 1672 Micanopy Ave | single_family | 5 | 6 | 4,602 | $3,775,000 | 2026-03-06 |
| 2730 SW 17th Ave | single_family | 5 | 5 | 4,698 | $4,200,000 | 2026-02-27 |
| 4160 Lybyer Ave | single_family | 5 | 5 | 2,700 | $3,200,000 | 2026-02-26 |
| 3333 Poinciana Ave | single_family | 5 | 7 | 7,642 | $15,000,000 | 2026-02-26 |
| 2324 SW 26th St | single_family | 5 | 6 | 3,650 | $2,750,000 | 2026-02-23 |
| 3670 Avocado Ave | single_family | 5 | 6 | 4,161 | $5,600,000 | 2026-02-06 |
| 3566 Rockerman Rd | single_family | 5 | 5 | 3,572 | $4,100,000 | 2026-02-06 |
| 1866 Tigertail Ave | single_family | 5 | 5 | 4,455 | $4,700,000 | 2026-02-05 |
| 3470 Poinciana Ave | single_family | 5 | 6 | 4,676 | $7,600,000 | 2026-01-28 |
| 2805 Freeman St | single_family | 5 | 6 | 4,972 | $5,585,000 | 2026-01-09 |
| 1870 S Bayshore Dr | single_family | 5 | 5 | 4,611 | $2,775,000 | 2026-01-08 |
| 3950 Hardie Ave | single_family | 5 | 4 | 3,518 | $3,300,000 | 2025-12-19 |
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 |
|---|---|---|---|---|---|---|
| 2627 S Bayshore Dr Apt 3201 | condos | 5 | 8 | 7,061 | $20,900,000 | — |
| 2675 S Bayshore Dr Unit 602S | condos | 5 | 6 | 4,085 | $7,800,000 | — |
| 3460 S Moorings Way | single_family | 5 | 7 | 6,720 | $10,950,000 | — |
| 3341 Florida Ave | single_family | 5 | 4 | 3,200 | $3,480,000 | — |
| 3400 S Moorings Way | single_family | 5 | 8 | 6,768 | $9,750,000 | — |
| 3170 SW 26th St | multi_family | 5 | 3 | 2,287 | $930,000 | — |
| 3579 Avocado Ave | single_family | 5 | 6 | 4,651 | $6,950,000 | — |
| 291 Shore Dr E | single_family | 5 | 4 | 2,285 | $3,975,000 | — |
10-year hold projection
IRR-10.5%
Equity multiple-0.79x
Total return (10yr)-$5,337,794
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $17,407,000 | -$237,060 | -$1,292,258 | $13,373,413 | $4,033,587 |
| 2 | $17,929,210 | -$241,827 | -$1,297,340 | $13,216,760 | $4,712,450 |
| 3 | $18,467,086 | -$246,679 | -$1,302,515 | $13,049,349 | $5,417,737 |
| 4 | $19,021,099 | -$251,616 | -$1,307,783 | $12,870,443 | $6,150,656 |
| 5 | $19,591,732 | -$256,640 | -$1,313,146 | $12,679,250 | $6,912,482 |
| 6 | $20,179,484 | -$261,751 | -$1,318,605 | $12,474,928 | $7,704,556 |
| 7 | $20,784,868 | -$266,951 | -$1,324,161 | $12,256,575 | $8,528,293 |
| 8 | $21,408,414 | -$272,241 | -$1,329,816 | $12,023,227 | $9,385,187 |
| 9 | $22,050,667 | -$277,621 | -$1,335,571 | $11,773,856 | $10,276,811 |
| 10 | $22,712,187 | -$283,093 | -$1,341,427 | $11,507,359 | $11,204,828 |
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.