1011 Links Dr
Miami Beach, FL 33109 · single_family · Pending — under contract · 50 days on market
Asking price$32,000,000
5 beds 4 baths — sqft
Suggested offer$4,500,000$27,500,000 above the est. market value of $4,500,000.
View on Realtor.com →Listed by Dora Puig · Luxe Living Realty
Typesingle_family
Built2027
Price / sqft—
Est. value (Zillow ZIP avg)$4,500,000
Rent estimate (own analysis)$30,000/mo
HOA$7,667/mo
Wind10/10Extreme$Heat10/10ExtremeFlood9/10extreme$Air2/10MinorWildfire1/10Minimal
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Statusfor_sale
Listed date2026-07-14
Removed date—
MLSMiamiMLS #A12053779
Coordinates25.76227, -80.14553
Address1011 Links Dr
CityMiami Beach
StateFL
Zip33109
Listing ID9000506053
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33109)
Median sale price$4,500,000
Median days on market (sale)125
Active sale listings21
Median rent$9,093/mo
Active rental listings1
Real ZIP-wide statistics from RentCast, as of 2026-09 (fetched 2026-09-03) — this is the whole ZIP's market, not specific to this property. Re-analyzing spends one of the account's 50 free monthly lookups. Our own log shows at least 6 of the 50 free monthly RentCast requests used — that only counts calls made through this app, so it can undercount. RentCast's own account dashboard has the real total.
Re-analyze ZIP 33109 (≥6 of 50 per our log)Underwriting (buy-and-hold, default assumptions)
| Acquisition (one-time, not monthly/yearly) | |
| Purchase price | $32,000,000 |
| Down payment (20.0%) | $6,400,000 |
| Loan amount | $25,600,000 |
| Closing costs (5.0%) | $1,600,000 |
| Total cash to close | $8,000,000 |
| Income | |
| Rent (comp-derived) | $30,000$360,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $27,600$331,200 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $50,667$608,000 |
| Insurance (est. scaled by flood & wind risk) | $46,933$563,200 |
| HOA dues | $7,667$92,004 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,500$18,000 |
| Total operating expenses | $106,767$1,281,204 |
| 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) | $1,500$18,000 |
| 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 | 5 | 6 | 4,100 | $47,000 | 2026-08-25 | — | |
| 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 | 4 | 3,547 | $33,000 | 2026-07-06 | — | |
| single_family | 5 | 6 | 7,244 | $250,000 | 2026-06-02 | — | |
| single_family | 5 | 6 | 4,474 | $54,900 | 2025-09-05 | — | |
| single_family | 5 | 6 | 5,202 | $69,000 | — | — | |
| single_family | 5 | 5 | 5,200 | $135,000 | 2026-08-05 | — | |
| single_family | 5 | 6 | 5,284 | $30,000 | 2026-06-23 | — | |
| single_family | 5 | 5 | 3,522 | $22,000 | 2025-11-13 | — | |
| single_family | 5 | 5 | 3,384 | $25,000 | 2026-07-18 | — | |
| single_family | 5 | 5 | 3,546 | $29,000 | 2026-05-20 | — | |
| single_family | 5 | 3 | 1,860 | $5,500 | 2026-05-25 | — | |
| single_family | 5 | 3 | 3,390 | $24,000 | 2026-08-03 | — | |
| single_family | 5 | 6 | 3,941 | $22,000 | 2026-08-06 | — | |
| single_family | 5 | 4 | 2,480 | $15,900 | 2026-08-03 | — | |
| single_family | 5 | 3 | 2,056 | $19,000 | 2026-06-11 | — | |
| single_family | 5 | 4 | 3,980 | $17,500 | 2026-04-22 | — | |
| single_family | 5 | 5 | 5,717 | $50,000 | 2025-12-11 | — | |
| single_family | 5 | 4 | 3,980 | $17,500 | — | — |
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.
No recent recorded sales cached yet for this ZIP.
Widened to city-wide. 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 |
|---|---|---|---|---|---|---|
| 5242 Fisher Island Dr Unit 5242 | condos | 5 | 6 | 6,120 | $18,250,000 | — |
| 7061 Fisher Island Dr Unit 7061 | condos | 5 | 7 | 7,630 | $36,250,000 | — |
| 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 | — |
| 126 W San Marino Dr | single_family | 5 | 7 | 7,890 | $35,995,000 | — |
| 1301 Flamingo Way | single_family | 5 | 3 | 2,743 | $4,900,000 | — |
| 821 Espanola Way | single_family | 5 | 5 | 2,410 | $1,850,000 | — |
10-year hold projection
IRR-14.3%
Equity multiple-1.48x
Total return (10yr)-$15,683,899
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $32,960,000 | -$950,004 | -$2,942,154 | $25,322,439 | $7,637,561 |
| 2 | $33,948,800 | -$972,098 | -$2,964,698 | $25,025,818 | $8,922,982 |
| 3 | $34,967,264 | -$994,695 | -$2,987,756 | $24,708,827 | $10,258,437 |
| 4 | $36,016,282 | -$1,017,805 | -$3,011,339 | $24,370,069 | $11,646,213 |
| 5 | $37,096,770 | -$1,041,441 | -$3,035,459 | $24,008,047 | $13,088,723 |
| 6 | $38,209,673 | -$1,065,613 | -$3,060,128 | $23,621,165 | $14,588,508 |
| 7 | $39,355,964 | -$1,090,334 | -$3,085,358 | $23,207,716 | $16,148,248 |
| 8 | $40,536,643 | -$1,115,615 | -$3,111,161 | $22,765,874 | $17,770,768 |
| 9 | $41,752,742 | -$1,141,468 | -$3,137,550 | $22,293,691 | $19,459,051 |
| 10 | $43,005,324 | -$1,167,907 | -$3,164,537 | $21,789,083 | $21,216,241 |
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.