126 W San Marino Dr
Miami Beach, FL 33139 · single_family · For Sale · 43 days on market
Asking price$35,995,000
5 beds 7 baths 7,890 sqft
Suggested offer$26,914,410$9,080,590 above the est. market value of $26,914,410.
View on Realtor.com →Listed by Bill Hernandez · Douglas Elliman - 1111 Lincoln Road
Typesingle_family
Built2018
Price / sqft$4562
Est. value (own analysis)$26,914,410
Rent estimate (own analysis)$69,000/mo
HOANone
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Statusfor_sale
Listed date2026-07-21
Removed date—
MLSMiamiMLS #A12043415
Coordinates25.78971, -80.16368
Address126 W San Marino Dr
CityMiami Beach
StateFL
Zip33139
Listing ID6658385348
Sourceus-real-estate-listings, cached 2026-08-30
ZIP market snapshot (33139)
Typical home value (ZHVI)$471,015
Typical rent (ZORI)$2,928/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 | $35,995,000 |
| Down payment (20.0%) | $7,199,000 |
| Loan amount | $28,796,000 |
| Closing costs (5.0%) | $1,799,750 |
| Total cash to close | $8,998,750 |
| Income | |
| Rent (comp-derived) | $69,000$828,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $63,480$761,760 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $56,992$683,905 |
| Insurance (placeholder 0.8% of price) | $23,997$287,960 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $3,450$41,400 |
| Total operating expenses | $84,439$1,013,265 |
| 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) | $3,450$41,400 |
| 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 | 5,202 | $69,000 | 2026-08-14 | — | |
| single_family | 5 | 7 | 5,642 | $65,000 | 2026-02-17 | — | |
| single_family | 5 | 7 | 6,090 | $78,000 | 2026-02-25 | — | |
| single_family | 5 | 6 | 7,244 | $250,000 | 2026-06-02 | — | |
| single_family | 5 | 6 | 5,202 | $69,000 | — | — |
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 |
|---|---|---|---|---|---|---|
| 145 Palm Ave | single_family | 5 | 6 | 11,639 | $40,000,000 | 2026-07-01 |
| 1335 Lenox Ave | single_family | 5 | 3 | 2,363 | $2,375,000 | 2026-06-22 |
| 444 W Rivo Alto Dr | single_family | 5 | 5 | 4,837 | $16,500,000 | 2026-06-03 |
| 600 W Dilido Dr | single_family | 5 | 5 | 2,669 | $11,000,000 | 2026-05-14 |
| 431 W Rivo Alto Dr | single_family | 5 | 5 | 4,352 | $5,600,000 | 2026-05-11 |
| 845 E Dilido Dr | single_family | 5 | 8 | 5,046 | $35,000,000 | 2026-05-07 |
| 1277 N Venetian Way | single_family | 5 | 7 | 5,659 | $14,000,000 | 2026-04-21 |
| 1417 N Venetian Way | single_family | 5 | 7 | 7,557 | $27,500,000 | 2026-04-03 |
| 301 W Rivo Alto Dr | single_family | 5 | 3 | 2,482 | $2,700,000 | 2026-02-09 |
| 610 W Dilido Dr | single_family | 5 | 6 | 4,703 | $16,088,888 | 2025-12-30 |
| 315 E Rivo Alto Dr | single_family | 5 | 6 | 4,387 | $14,250,000 | 2025-09-30 |
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 |
|---|---|---|---|---|---|---|
| 1000 Venetian Way Unit 301/303 | condos | 5 | 5 | 3,840 | $4,600,000 | — |
| 1379 N Venetian Way | single_family | 5 | 5 | 5,303 | $16,500,000 | — |
| 121 2nd Dilido Ter | single_family | 5 | 6 | 3,614 | $725,000 | — |
| 800 S Pointe Dr Apt 2204 | condos | 5 | 7 | 9,049 | $78,000,000 | — |
| 441 N Hibiscus Dr | single_family | 5 | 7 | 4,827 | $19,500,000 | — |
| 1301 Flamingo Way | single_family | 5 | 3 | 2,743 | $4,900,000 | — |
| 821 Espanola Way | single_family | 5 | 5 | 2,410 | $1,850,000 | — |
| 432 S Hibiscus Dr | single_family | 5 | 7 | 6,090 | $31,000,000 | — |
10-year hold projection
IRR-8.7%
Equity multiple-0.48x
Total return (10yr)-$8,623,235
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $37,074,850 | -$251,505 | -$2,513,515 | $28,483,787 | $8,591,063 |
| 2 | $38,187,096 | -$253,984 | -$2,517,029 | $28,150,135 | $10,036,961 |
| 3 | $39,332,708 | -$256,410 | -$2,520,516 | $27,793,570 | $11,539,138 |
| 4 | $40,512,690 | -$258,780 | -$2,523,973 | $27,412,519 | $13,100,170 |
| 5 | $41,728,070 | -$261,087 | -$2,527,395 | $27,005,302 | $14,722,769 |
| 6 | $42,979,912 | -$263,328 | -$2,530,778 | $26,570,120 | $16,409,792 |
| 7 | $44,269,310 | -$265,495 | -$2,534,117 | $26,105,054 | $18,164,256 |
| 8 | $45,597,389 | -$267,585 | -$2,537,407 | $25,608,051 | $19,989,338 |
| 9 | $46,965,311 | -$269,590 | -$2,540,642 | $25,076,919 | $21,888,392 |
| 10 | $48,374,270 | -$271,505 | -$2,543,818 | $24,509,313 | $23,864,957 |
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.