739 Lakeview Dr

Miami Beach, FL 33140 · single_family · Pending — under contract · 126 days on market
Asking price$2,350,000
3 beds 2 baths 1,774 sqft
Suggested offer$1,813,642$536,358 above the est. market value of $1,813,642.
View on Realtor.com →
Listed by Isaac Malagon · One Sotheby's International Realty
Typesingle_family
Built1941
Price / sqft$1325
Est. value (own analysis)$1,813,642
Rent estimate (own analysis)$11,300/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood8/10severe$Air2/10MinorWildfire1/10Minimal
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Neighborhood

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Statusfor_sale
Listed date2026-04-29
Removed date
MLSMiamiMLS #A12008079
Coordinates25.82486, -80.12989
Address739 Lakeview Dr
CityMiami Beach
StateFL
Zip33140
Listing ID6422566464
Sourceus-real-estate-listings, cached 2026-08-31

ZIP market snapshot (33140)

Typical home value (ZHVI)$684,558
Typical rent (ZORI)$3,694/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)

Purchase price$2,350,000
Down payment (20.0%)$470,000
Loan amount$1,880,000
Closing costs (5.0%)$117,500
Total cash to close$587,500
Rent (comp-derived)$11,300$135,600
Vacancy loss (8.0%)

Vacancy Loss

Gross Scheduled Rent × Vacancy Rate

Gross scheduled rent (annual) comp$135,600
Vacancy rate (assumption) assumption8.0%

$135,600 × 8.0% = $10,848

Effective gross income$10,396$124,752
Property tax (placeholder 1.9% of price)$3,721$44,650
Insurance (est. scaled by flood & wind risk)$3,055$36,660
HOA dues$0$0
Management (0.0% of EGI)$0$0
Maintenance (5.0% of GSR)$565$6,780
Total operating expenses$7,341$88,090
Net operating income (NOI)

Net Operating Income (NOI)

Effective Gross Income − Total Operating Expenses

Effective gross income derived$124,752
Total operating expenses derived$88,090

$124,752 − $88,090 = $36,662

Debt service (6.66%, avg 30yr rate as of 2026-08-27, 30yr amortizing)

Monthly Principal & Interest

Standard amortization on the loan amount, at the effective rate and term

Loan amount derived$1,880,000
Interest rate (avg 30yr rate) comp6.7%
Term (assumption) assumption30 years

$1,880,000 amortized at 6.7% over 30 years = $12,081/mo

CapEx reserve (5.0% of GSR)$565$6,780
Mortgage insurance (PMI) (0.0% of loan, not required — down payment ≥ 20%)$0$0
Cash flow

Monthly Cash Flow

(NOI − Annual Debt Service − Annual CapEx Reserve − Annual PMI) ÷ 12

NOI derived$36,662
Annual debt service derived$144,977
Annual CapEx reserve assumption$6,780
Annual PMI assumption$0

($36,662 − $144,977 − $6,780 − $0) ÷ 12 = -$9,591

Cap rate

Cap Rate

NOI ÷ Purchase Price

NOI derived$36,662
Purchase price data$2,350,000

$36,662 ÷ $2,350,000 = 1.6%

Cash-on-cash

Cash-on-Cash Return

Annual Cash Flow ÷ Total Cash Invested

Annual cash flow derived-$115,095
Total cash to close derived$587,500

-$115,095 ÷ $587,500 = -19.6%

DSCR

Debt Service Coverage Ratio (DSCR)

NOI ÷ Annual Debt Service

NOI derived$36,662
Annual debt service derived$144,977

$36,662 ÷ $144,977 = 0.25

Rent-to-price (1% rule)

Rent-to-Price (the "1% rule")

(Gross Scheduled Rent ÷ 12) ÷ Purchase Price

Gross scheduled rent (annual) comp$135,600
Purchase price data$2,350,000

($135,600 ÷ 12) ÷ $2,350,000 = 0.5%

Gross rent multiplier

Gross Rent Multiplier (GRM)

Purchase Price ÷ Gross Scheduled Rent

Purchase price data$2,350,000
Gross scheduled rent (annual) comp$135,600

$2,350,000 ÷ $135,600 = 17.3

Operating expense ratio

Operating Expense Ratio

Total Operating Expenses ÷ Effective Gross Income

Total operating expenses derived$88,090
Effective gross income derived$124,752

$88,090 ÷ $124,752 = 70.6%

Break-even occupancy

Break-Even Occupancy

(Total OpEx + Annual Debt Service + Annual PMI) ÷ Gross Scheduled Rent

Total operating expenses derived$88,090
Annual debt service derived$144,977
Annual PMI assumption$0
Gross scheduled rent (annual) comp$135,600

($88,090 + $144,977 + $0) ÷ $135,600 = 171.9%

Comparables

Same ZIP. Real active rental listings, used to derive the rent estimate above.

AddressTypeBedsBathsSqftAsking rentListedDays on market
single_family331,945$36,000
single_family321,439$4,2002026-07-16
single_family331,844$11,0002026-06-03
single_family341,832$11,6002026-07-17
single_family321,551$12,5002026-08-03
single_family331,874$8,7502026-06-16
single_family331,446$10,0002026-06-12
single_family331,945$36,0002026-08-17
single_family322,220$24,9652026-05-08
single_family321,650$4,850

2840 Flamingo Dr Unit Sfh

Miami, 33140 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,945
Listed
Days on market

Asking rent: $36,000

View on Zillow →

3747 Sheridan Ave

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,439
Listed2026-07-16
Days on market

Asking rent: $4,200

View on Zillow →

575 W 50th St

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,844
Listed2026-06-03
Days on market

Asking rent: $11,000

View on Zillow →

4515 Alton Rd

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms3 bd / 4 ba
Square footage1,832
Listed2026-07-17
Days on market

Asking rent: $11,600

View on Zillow →

4144 Alton Rd Unit 4144

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,551
Listed2026-08-03
Days on market

Asking rent: $12,500

View on Zillow →

550 W 49th St

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,874
Listed2026-06-16
Days on market

Asking rent: $8,750

View on Zillow →

4230 Royal Palm Ave

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,446
Listed2026-06-12
Days on market

Asking rent: $10,000

View on Zillow →

2840 Flamingo Dr

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms3 bd / 3 ba
Square footage1,945
Listed2026-08-17
Days on market

Asking rent: $36,000

View on Zillow →

6145 Lagorce Dr

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage2,220
Listed2026-05-08
Days on market

Asking rent: $24,965

View on Zillow →

5101 Collins Ave Apt 11B

Miami Beach, 33140 · rent comp

Bedrooms / bathrooms3 bd / 2 ba
Square footage1,650
Listed
Days on market

Asking rent: $4,850

View on Zillow →

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.

AddressTypeBedsBathsLiving sqftSale priceSale date
337 W 28th Stsingle_family331,667$1,000,0002026-08-14
5025 Cherokee Avesingle_family321,876$1,200,0002026-07-08
4320 Royal Palm Avesingle_family342,305$1,750,0002026-06-08
1220 W 21st Stsingle_family321,741$2,900,0002026-05-21
4485 N Jefferson Avesingle_family333,727$2,825,0002026-05-04
911 W 47th Ctsingle_family332,736$1,900,0002026-04-30
5220 Lagorce Drsingle_family322,334$2,700,0002026-04-27
4700 N Meridian Avesingle_family344,185$5,250,0002026-04-24
3325 Alton Rdsingle_family321,682$1,350,0002026-04-24
6165 Pine Tree Drsingle_family343,421$6,900,0002026-04-17
5251 Lagorce Drsingle_family342,123$2,520,0002026-04-16
2815 Regatta Avesingle_family332,403$6,500,0002026-04-07
4484 Royal Palm Avesingle_family331,877$2,300,0002026-04-03
5127 Alton Rdsingle_family321,979$1,250,0002026-03-24
4601 Royal Palm Avesingle_family321,966$1,700,0002026-03-17
4440 N Jefferson Avesingle_family342,769$2,300,0002026-03-13
2815 Prairie Avesingle_family322,189$900,0002026-03-02
3415 Royal Palm Avesingle_family331,618$1,630,0002026-01-26
1833 W 24th Stsingle_family356,688$14,304,3002026-01-22
5120 Cherokee Avesingle_family322,008$1,790,0002026-01-05
6166 Pine Tree Drsingle_family332,114$2,400,0002026-01-02
3220 Chase Avesingle_family343,135$6,000,0002025-12-29
5371 N Bay Rdsingle_family332,180$2,510,0002025-12-26
4245 Sheridan Avesingle_family332,506$2,562,0002025-12-16
4520 Alton Rdsingle_family321,764$1,500,0002025-12-01
3435 Royal Palm Avesingle_family321,622$2,154,2002025-11-25
2443 N Meridian Avesingle_family332,363$3,400,0002025-11-21
4640 N Bay Rdsingle_family331,980$10,400,0002025-11-18
4322 Alton Rdsingle_family321,932$1,260,0002025-11-17
2354 Alton Rdsingle_family331,482$1,650,0002025-10-06
4515 N Bay Rdsingle_family333,357$2,600,0002025-09-05

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.

AddressTypeBedsBathsSqftAsking priceDays on market
5900 Collins Ave Apt 408condos321,390$818,000
3325 Pine Tree Drsingle_family343,350$5,950,000
5005 Collins Ave Apt 1210condos321,385$675,000
5660 Collins Ave Apt 4Bcondos332,210$985,000
condos331,880$714,400
5500 Collins Ave Apt 304condos342,868$1,050,000
5025 Collins Ave Apt 903condos331,660$1,499,000
736 W 51st Stsingle_family332,017$2,200,000

10-year hold projection

IRR-3.1%
Equity multiple0.49x
Total return (10yr)$5,579
YearProperty valueNOICash flowLoan balanceEquity
1$2,420,500$36,662-$115,095$1,859,617$560,883
2$2,493,115$38,202-$113,724$1,837,833$655,282
3$2,567,908$39,800-$112,300$1,814,554$753,354
4$2,644,946$41,457-$110,821$1,789,677$855,269
5$2,724,294$43,175-$109,286$1,763,091$961,203
6$2,806,023$44,956-$107,692$1,734,679$1,071,344
7$2,890,204$46,803-$106,036$1,704,316$1,185,887
8$2,976,910$48,718-$104,318$1,671,868$1,305,041
9$3,066,217$50,703-$102,534$1,637,192$1,429,025
10$3,158,203$52,761-$100,683$1,600,135$1,558,068
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.
All figures are estimates for evaluation purposes only, not investment, tax, legal, or insurance advice. Property tax is estimated from a real matched tax bill or millage rate when available, a placeholder % of price otherwise; insurance is scaled by flood and wind risk where those are known and a flat percentage otherwise — never a real quote. Verify all of them, along with association restrictions and permit status, before committing capital. Rent estimates come from real comps or Zillow’s ZIP index, not appraisals.