570 S Shore Dr
Miami Beach, FL 33141 · single_family · For Sale · 64 days on market
Asking price$9,335,000
6 beds 8 baths 5,043 sqft
Listed by Karina Astorga · Wall Street Luxury Properties Llc
Typesingle_family
Built2016
Price / sqft$1851
Est. value (own analysis)$10,408,853
Rent estimate (own analysis)$70,000/mo
HOANone
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Statusfor_sale
Listed date2026-07-01
Removed date—
MLSMiamiMLS #A12044624
Coordinates25.85549, -80.13669
Address570 S Shore Dr
CityMiami Beach
StateFL
Zip33141
Listing ID6963117886
Sourceus-real-estate-listings, cached 2026-08-31
ZIP market snapshot (33141)
Typical home value (ZHVI)$429,204
Typical rent (ZORI)$2,504/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 | $9,335,000 |
| Down payment (20.0%) | $1,867,000 |
| Loan amount | $7,468,000 |
| Closing costs (5.0%) | $466,750 |
| Total cash to close | $2,333,750 |
| Income | |
| Rent (comp-derived) | $70,000$840,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $64,400$772,800 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $14,780$177,365 |
| Insurance (placeholder 0.8% of price) | $6,223$74,680 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $3,500$42,000 |
| Total operating expenses | $24,504$294,045 |
| 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) | $3,500$42,000 |
| 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
Widened to city-wide. Real active rental listings, used to derive the rent estimate above.
| Address | Type | Beds | Baths | Sqft | Asking rent | Listed | Days on market |
|---|---|---|---|---|---|---|---|
| single_family | 6 | 7 | 5,863 | $95,000 | 2026-08-27 | — | |
| single_family | 6 | 8 | 5,200 | $250,000 | 2025-12-26 | — | |
| single_family | 6 | 7 | 5,700 | $160,000 | 2026-05-27 | — | |
| single_family | 6 | 7 | 6,211 | $70,000 | 2026-06-16 | — | |
| single_family | 6 | 6 | 5,146 | $80,000 | 2026-02-23 | — | |
| single_family | 6 | 8 | 3,600 | $39,500 | 2026-08-17 | — | |
| single_family | 6 | 8 | 6,296 | $69,000 | 2026-08-22 | — | |
| single_family | 6 | 7 | 3,762 | $40,000 | 2026-04-19 | — | |
| single_family | 6 | 7 | 5,181 | $50,000 | 2026-04-13 | — |
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 |
|---|---|---|---|---|---|---|
| 6535 Allison Rd | single_family | 6 | 6 | 5,809 | $12,950,000 | 2026-07-21 |
| 17 LA Gorce Cir | single_family | 6 | 6 | 5,135 | $9,750,000 | 2026-06-25 |
| 1785 Cleveland Rd | single_family | 6 | 7 | 6,000 | $14,200,000 | 2026-02-17 |
| 7711 Collins Ave | single_family | 6 | 4 | 2,634 | $838,500 | 2026-01-02 |
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 |
|---|---|---|---|---|---|---|
| 1170 71st St | multi_family | 6 | 5 | 3,759 | $1,299,000 | — |
| 7845 Atlantic Way | single_family | 6 | 9 | 6,350 | $40,000,000 | — |
| 7811 Carlyle Ave | single_family | 6 | 6 | 3,405 | $2,590,000 | — |
| 470 S Shore Dr | single_family | 6 | 7 | 4,922 | $8,800,000 | — |
| 2120 Biarritz Dr | multi_family | 6 | 5 | 3,492 | $1,700,000 | — |
| 1460 S Treasure Dr | single_family | 6 | 7 | 6,816 | $10,999,999 | — |
| 955 79th Ter | multi_family | 6 | 4 | 2,728 | $1,500,000 | — |
| 7610 Dickens Ave | multi_family | 6 | 4 | 3,655 | $1,600,000 | — |
10-year hold projection
IRR6.6%
Equity multiple2.04x
Total return (10yr)$3,657,656
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $9,615,050 | $478,755 | -$139,142 | $7,387,030 | $2,228,020 |
| 2 | $9,903,502 | $494,588 | -$124,359 | $7,300,500 | $2,603,001 |
| 3 | $10,200,607 | $510,932 | -$109,090 | $7,208,028 | $2,992,578 |
| 4 | $10,506,625 | $527,805 | -$93,321 | $7,109,206 | $3,397,419 |
| 5 | $10,821,823 | $545,223 | -$77,034 | $7,003,597 | $3,818,226 |
| 6 | $11,146,478 | $563,202 | -$60,214 | $6,890,737 | $4,255,741 |
| 7 | $11,480,873 | $581,762 | -$42,842 | $6,770,126 | $4,710,747 |
| 8 | $11,825,299 | $600,919 | -$24,902 | $6,641,232 | $5,184,066 |
| 9 | $12,180,058 | $620,695 | -$6,375 | $6,503,488 | $5,676,570 |
| 10 | $12,545,459 | $641,107 | $12,758 | $6,356,284 | $6,189,176 |
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.