300 S Pointe Dr Ph 5
Miami Beach, FL 33139 · condos · For Sale · 139 days on market
Asking price$24,999,000
4 beds 7 baths 5,680 sqft
Suggested offer$19,110,871$5,888,129 above the est. market value of $19,110,871.
View on Realtor.com →Listed by Enzo Rosani · Barnes International Realty Llc
Typecondos
Built1996
Price / sqft$4401
Est. value (own analysis)$19,110,871
Rent estimate (own analysis)$35,000/mo
HOA$10,133/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
1 / 88
Show every detail
Statusfor_sale
Listed date2026-04-16
Removed date—
MLSMiamiMLS #A11999990
Coordinates25.76773, -80.13499
Address300 S Pointe Dr Ph 5
CityMiami Beach
StateFL
Zip33139
Listing ID6737709466
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 | $24,999,000 |
| Down payment (20.0%) | $4,999,800 |
| Loan amount | $19,999,200 |
| Closing costs (5.0%) | $1,249,950 |
| Total cash to close | $6,249,750 |
| Income | |
| Rent (comp-derived) | $35,000$420,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $32,200$386,400 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $39,582$474,981 |
| Insurance (est. scaled by flood & wind risk) | $36,665$439,982 |
| HOA dues | $10,133$121,596 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,750$21,000 |
| Total operating expenses | $88,130$1,057,559 |
| 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) | $1,750$21,000 |
| 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 |
|---|---|---|---|---|---|---|---|
| condos | 4 | 5 | 2,954 | $35,000 | 2026-08-07 | — | |
| condos | 4 | 4 | 3,837 | $110,000 | 2026-05-12 | — | |
| apartment | 4 | 3 | 1,435 | $6,895 | 2025-11-13 | — | |
| condos | 4 | 5 | 3,535 | $60,000 | 2026-01-22 | — | |
| condos | 4 | 4 | 2,411 | $49,500 | 2026-07-08 | — | |
| condos | 4 | 5 | 3,337 | $58,000 | 2026-08-08 | — | |
| condos | 4 | 4 | 2,246 | $20,000 | 2026-03-29 | — | |
| apartment | 4 | 3 | 1,435 | $5,675 | — | — | |
| apartment | 4 | 2 | — | $27,345 | 2025-10-15 | — |
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 |
|---|---|---|---|---|---|---|
| 11 Island Ave Apt 1201 | condos | 4 | 4 | 2,760 | $3,845,000 | 2026-06-29 |
| 50 S Pointe Dr Unit TWN7 | condos | 4 | 5 | 2,779 | $9,000,000 | 2026-06-25 |
| 125 Ocean Dr Unit U0503 | condos | 4 | 5 | 3,463 | $12,400,000 | 2026-06-22 |
| 800 S Pointe Dr Apt 801 | condos | 4 | 5 | 4,154 | $14,500,000 | 2026-06-05 |
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.
| Address | Type | Beds | Baths | Sqft | Asking price | Days on market |
|---|---|---|---|---|---|---|
| 1281 S Venetian Way | single_family | 4 | 4 | 2,912 | $3,975,000 | — |
| 1092 N Venetian Dr | single_family | 4 | 5 | 3,650 | $6,575,000 | — |
| 56 S Hibiscus Dr | single_family | 4 | 5 | 3,092 | $14,900,000 | — |
| 455 E Dilido Dr | single_family | 4 | 5 | 3,138 | $13,800,000 | — |
| 1405 Lenox Ave | single_family | 4 | 2 | 2,112 | $2,200,000 | — |
| 1508 Meridian Ave | multi_family | 4 | 4 | 1,776 | $1,200,000 | — |
| 125 Ocean Dr Unit U0303 | condos | 4 | 5 | 4,365 | $19,642,000 | — |
| 215 Palm Ave | single_family | 4 | 6 | 5,241 | $6,500,000 | — |
10-year hold projection
IRR-13.7%
Equity multiple-1.36x
Total return (10yr)-$11,501,573
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $25,748,970 | -$671,159 | -$2,234,402 | $19,782,364 | $5,966,606 |
| 2 | $26,521,439 | -$686,006 | -$2,249,774 | $19,550,638 | $6,970,801 |
| 3 | $27,317,082 | -$701,167 | -$2,265,473 | $19,302,999 | $8,014,083 |
| 4 | $28,136,595 | -$716,646 | -$2,281,504 | $19,038,354 | $9,098,240 |
| 5 | $28,980,693 | -$732,451 | -$2,297,874 | $18,755,536 | $10,225,156 |
| 6 | $29,850,113 | -$748,588 | -$2,314,590 | $18,453,297 | $11,396,817 |
| 7 | $30,745,617 | -$765,063 | -$2,331,659 | $18,130,302 | $12,615,315 |
| 8 | $31,667,985 | -$781,883 | -$2,349,088 | $17,785,127 | $13,882,858 |
| 9 | $32,618,025 | -$799,053 | -$2,366,883 | $17,416,248 | $15,201,776 |
| 10 | $33,596,566 | -$816,582 | -$2,385,052 | $17,022,039 | $16,574,527 |
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.