3755 Royal Palm Ave
Miami Beach, FL 33140 · single_family · For Sale · 131 days on market
Asking price$2,850,000
4 beds 3 baths 2,096 sqft
Suggested offer$2,306,962$543,038 above the est. market value of $2,306,962.
View on Realtor.com →Listed by Nancy Batchelor · COMPASS
Typesingle_family
Built1946
Price / sqft$1360
Est. value (own analysis)$2,306,962
Rent estimate (own analysis)$15,500/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-04-24
Removed date—
MLSMiamiMLS #A11995725
Coordinates25.81212, -80.12909
Address3755 Royal Palm Ave
CityMiami Beach
StateFL
Zip33140
Listing ID6643255375
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)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $2,850,000 |
| Down payment (20.0%) | $570,000 |
| Loan amount | $2,280,000 |
| Closing costs (5.0%) | $142,500 |
| Total cash to close | $712,500 |
| Income | |
| Rent (comp-derived) | $15,500$186,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $14,260$171,120 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $4,513$54,150 |
| Insurance (est. scaled by flood & wind risk) | $4,180$50,160 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $775$9,300 |
| Total operating expenses | $9,468$113,610 |
| 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) | $775$9,300 |
| 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 | 4 | 3 | 1,881 | $15,500 | 2026-08-28 | — | |
| single_family | 4 | 3 | 2,225 | $15,000 | 2026-07-31 | — | |
| single_family | 4 | 5 | 2,452 | $13,000 | 2026-02-25 | — | |
| single_family | 4 | 4 | 1,577 | $12,900 | 2026-03-31 | — | |
| single_family | 4 | 3 | 2,734 | $18,000 | — | — | |
| single_family | 4 | 4 | 2,629 | $25,000 | — | — | |
| single_family | 4 | 3 | 2,734 | $18,000 | — | — | |
| single_family | 4 | 3 | 2,450 | $15,500 | 2026-08-28 | — |
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 |
|---|---|---|---|---|---|---|
| 5236 Pine Tree Dr | single_family | 4 | 4 | 3,140 | $4,450,000 | 2026-08-17 |
| 435 W 43rd St | single_family | 4 | 4 | 2,320 | $2,200,000 | 2026-08-14 |
| 4345 Alton Rd | single_family | 4 | 4 | 2,827 | $3,150,000 | 2026-08-12 |
| 4555 Alton Rd | single_family | 4 | 4 | 2,481 | $1,749,000 | 2026-07-21 |
| 3144 Royal Palm Ave | single_family | 4 | 3 | 2,215 | $2,475,000 | 2026-07-17 |
| 4200 Royal Palm Ave | single_family | 4 | 3 | 2,358 | $1,650,000 | 2026-07-17 |
| 4557 N Jefferson Ave | single_family | 4 | 4 | 3,350 | $2,300,000 | 2026-07-14 |
| 5861 Lagorce Dr | single_family | 4 | 4 | 3,744 | $3,700,000 | 2026-07-08 |
| 2500 Regatta Ave | single_family | 4 | 6 | 5,319 | $12,690,000 | 2026-06-30 |
| 5225 Lagorce Dr | single_family | 4 | 3 | 2,906 | $4,500,000 | 2026-06-11 |
| 2054 Alton Rd | single_family | 4 | 2 | 1,803 | $1,650,000 | 2026-06-11 |
| 4363 Nautilus Dr | single_family | 4 | 3 | 2,945 | $2,564,000 | 2026-06-09 |
| 5625 N Bay Rd | single_family | 4 | 5 | 4,256 | $3,900,000 | 2026-06-09 |
| 2130 Regatta Ave | single_family | 4 | 3 | 3,165 | $5,800,000 | 2026-05-19 |
| 5711 N Bay Rd | single_family | 4 | 4 | 2,988 | $5,200,000 | 2026-04-22 |
| 4330 N Meridian Ave | single_family | 4 | 3 | 2,476 | $2,027,300 | 2026-04-15 |
| 6100 Lagorce Dr | single_family | 4 | 3 | 2,618 | $3,515,000 | 2026-04-15 |
| 335 W 46th St | single_family | 4 | 4 | 3,053 | $3,650,000 | 2026-04-07 |
| 3586 Flamingo Dr | single_family | 4 | 4 | 4,235 | $3,200,000 | 2026-03-30 |
| 2965 N Bay Rd | single_family | 4 | 4 | 3,262 | $3,850,000 | 2026-03-17 |
| 550 W 51st St | single_family | 4 | 3 | 2,482 | $2,300,000 | 2026-03-16 |
| 770 Lakeview Dr | single_family | 4 | 6 | 4,860 | $9,350,000 | 2026-03-09 |
| 5735 N Bay Rd | single_family | 4 | 4 | 4,084 | $5,200,000 | 2026-02-26 |
| 3747 Royal Palm Ave | single_family | 4 | 5 | 2,290 | $2,565,000 | 2026-02-26 |
| 2550 Flamingo Dr | single_family | 4 | 3 | 3,725 | $4,187,500 | 2026-02-04 |
| 3470 N Meridian Ave | single_family | 4 | 4 | 2,941 | $2,000,000 | 2026-01-27 |
| 3757 Prairie Ave | single_family | 4 | 4 | 2,339 | $2,800,000 | 2026-01-16 |
| 2321 N Bay Rd | single_family | 4 | 4 | 4,823 | $7,650,000 | 2026-01-15 |
| 775 W 49th St | single_family | 4 | 4 | 2,202 | $2,310,000 | 2026-01-14 |
| 2830 Lucerne Ave | single_family | 4 | 5 | 3,857 | $7,765,000 | 2026-01-12 |
| 2979 Flamingo Dr | single_family | 4 | 6 | 4,129 | $6,000,000 | 2025-12-24 |
| 4397 N Michigan Ave | single_family | 4 | 2 | 2,360 | $1,999,999 | 2025-11-21 |
| 5120 Alton Rd | single_family | 4 | 5 | 2,982 | $2,400,000 | 2025-10-27 |
| 6146 Pine Tree Dr | single_family | 4 | 4 | 3,066 | $3,900,000 | 2025-10-27 |
| 3767 Royal Palm Ave | single_family | 4 | 2 | 2,263 | $2,460,000 | 2025-10-10 |
| 2500 Lake Ave | single_family | 4 | 4 | 3,663 | $6,700,000 | 2025-10-06 |
| 4532 Sheridan Ave | single_family | 4 | 4 | 2,969 | $3,000,000 | 2025-10-06 |
| 1601 W 24th St | single_family | 4 | 4 | 3,620 | $15,000,000 | 2025-09-25 |
| 3020 Alton Rd | single_family | 4 | 4 | 2,474 | $2,125,000 | 2025-09-17 |
| 4271 Alton Rd | single_family | 4 | 4 | 2,342 | $2,526,000 | 2025-09-16 |
| 3175 Sheridan Ave | single_family | 4 | 4 | 2,883 | $2,191,000 | 2025-09-15 |
| 4455 Alton Rd | single_family | 4 | 3 | 1,795 | $1,870,000 | 2025-09-11 |
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 |
|---|---|---|---|---|---|---|
| 2901 Collins Ave Unit 1602 | condos | 4 | 6 | 5,011 | $80,000,000 | — |
| 524 W 47th St | single_family | 4 | 3 | 2,071 | $1,995,000 | — |
| 2532 NW Lake Ave | single_family | 4 | 5 | 3,468 | $9,990,000 | — |
| 4531 Sheridan Ave | single_family | 4 | 2 | 1,855 | $2,095,000 | — |
| 6020 Alton Rd | single_family | 4 | 5 | 3,850 | $4,975,000 | — |
| 5025 Collins-1105 Ave Unit 1103-1104 | condos | 4 | 5 | 5,517 | $5,495,000 | — |
| 5842 Alton Rd | single_family | 4 | 4 | 2,858 | $2,350,000 | — |
| 5288 Alton Rd Unit 2 | single_family | 4 | 4 | 3,410 | $675,000 | — |
10-year hold projection
IRR-1.9%
Equity multiple0.68x
Total return (10yr)$146,035
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $2,935,500 | $57,510 | -$127,613 | $2,255,280 | $680,220 |
| 2 | $3,023,565 | $59,803 | -$125,552 | $2,228,862 | $794,703 |
| 3 | $3,114,272 | $62,180 | -$123,414 | $2,200,630 | $913,642 |
| 4 | $3,207,700 | $64,642 | -$121,196 | $2,170,459 | $1,037,241 |
| 5 | $3,303,931 | $67,193 | -$118,895 | $2,138,217 | $1,165,714 |
| 6 | $3,403,049 | $69,836 | -$116,509 | $2,103,760 | $1,299,289 |
| 7 | $3,505,141 | $72,573 | -$114,034 | $2,066,938 | $1,438,203 |
| 8 | $3,610,295 | $75,409 | -$111,468 | $2,027,586 | $1,582,709 |
| 9 | $3,718,604 | $78,347 | -$108,807 | $1,985,532 | $1,733,071 |
| 10 | $3,830,162 | $81,389 | -$106,048 | $1,940,591 | $1,889,571 |
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.