50 S Pointe Dr Unit 1201/08
Miami Beach, FL 33139 · condos · For Sale · 132 days on market
Asking price$16,900,000
3 beds 4 baths 3,497 sqft
Suggested offer$6,276,667$10,623,333 above the est. market value of $6,276,667.
View on Realtor.com →Listed by Eddy Martinez · One Sotheby's International Realty
Typecondos
Built2008
Price / sqft$4833
Est. value (own analysis)$6,276,667
Rent estimate (own analysis)$32,500/mo
HOA$4,148/mo
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Statusfor_sale
Listed date2026-04-23
Removed date—
MLSMiamiMLS #A12006560
Coordinates25.76786, -80.13283
Address50 S Pointe Dr Unit 1201/08
CityMiami Beach
StateFL
Zip33139
Listing ID9534248337
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 | $16,900,000 |
| Down payment (20.0%) | $3,380,000 |
| Loan amount | $13,520,000 |
| Closing costs (5.0%) | $845,000 |
| Total cash to close | $4,225,000 |
| Income | |
| Rent (comp-derived) | $32,500$390,000 |
| Vacancy loss (8.0%) | |
| Effective gross income | $29,900$358,800 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $26,758$321,100 |
| Insurance (placeholder 0.8% of price) | $11,267$135,200 |
| HOA dues | $4,148$49,776 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $1,625$19,500 |
| Total operating expenses | $43,798$525,576 |
| 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) | $1,625$19,500 |
| 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 | 3 | 3 | 2,388 | $12,000 | 2026-07-23 | — | |
| condos | 3 | 4 | 2,318 | $30,000 | 2026-06-23 | — | |
| condos | 3 | 4 | 3,181 | $95,000 | 2026-06-22 | — | |
| condos | 3 | 3 | 2,521 | $85,000 | 2023-05-23 | — | |
| condos | 3 | 3 | 2,290 | $9,950 | 2026-08-07 | — | |
| condos | 3 | 3 | 2,340 | $13,500 | 2026-06-11 | — | |
| condos | 3 | 5 | 2,872 | $47,999 | 2026-04-29 | — | |
| condos | 3 | 3 | 2,717 | $35,000 | 2024-02-10 | — | |
| condos | 3 | 4 | 3,365 | $40,000 | 2026-07-22 | — | |
| condos | 3 | 3 | 2,340 | $11,750 | 2026-06-20 | — | |
| condos | 3 | 4 | 2,642 | $70,000 | 2022-09-19 | — | |
| condos | 3 | 4 | 2,930 | $39,000 | 2026-05-01 | — | |
| condos | 3 | 3 | 2,320 | $12,000 | 2026-04-07 | — | |
| condos | 3 | 3 | 2,400 | $10,000 | 2026-06-05 | — | |
| condos | 3 | 3 | 2,340 | $12,500 | — | — | |
| condos | 3 | 4 | 3,389 | $80,000 | 2026-08-31 | — |
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 |
|---|---|---|---|---|---|---|
| 501 West Ave Unit 4303 | condos | 3 | 5 | 2,451 | $8,450,000 | 2026-08-24 |
| 300 S Pointe Dr Apt 1501 | condos | 3 | 3 | 2,340 | $4,200,000 | 2026-08-21 |
| 1621 Bay Rd Apt 1202 | condos | 3 | 2 | 1,070 | $575,000 | 2026-08-07 |
| 1415 Sunset Harbour Dr Unit 204 | condos | 3 | 3 | 2,640 | $1,670,000 | 2026-07-16 |
| 1900 Sunset Harbour Dr Unit 1008 | condos | 3 | 3 | 1,550 | $1,500,000 | 2026-07-13 |
| 500 Alton Rd Unit 901 | condos | 3 | 4 | 2,178 | $3,150,000 | 2026-07-06 |
| 1300 Monad Ter Unit 3B | condos | 3 | 4 | 2,691 | $3,525,000 | 2026-06-30 |
| 1000 S Pointe Dr Apt 1501 | condos | 3 | 4 | 3,365 | $7,400,000 | 2026-06-25 |
| 400 S Pointe Dr Apt 1610 | condos | 3 | 3 | 1,559 | $2,405,000 | 2026-06-24 |
| 1201 20th St Ph 7 | condos | 3 | 3 | 1,745 | $3,000,000 | 2026-06-17 |
| 100 S Pointe Dr Apt 2604 | condos | 3 | 4 | 2,985 | $11,150,000 | 2026-06-05 |
| 500 Alton Rd Unit 3503 | condos | 3 | 5 | 2,615 | $6,674,000 | 2026-06-05 |
| 800 S Pointe Dr Apt 2102 | condos | 3 | 4 | 2,756 | $10,500,000 | 2026-06-04 |
| 1300 Monad Ter Unit 3F | condos | 3 | 4 | 2,658 | $6,075,000 | 2026-06-03 |
| 501 West Ave Unit 3405 | condos | 3 | 4 | 1,969 | $4,150,000 | 2026-06-02 |
| 500 Alton Rd Unit 3602 | condos | 3 | 4 | 2,930 | $6,175,000 | 2026-06-01 |
| 1000 S Pointe Dr Apt 3501 | condos | 3 | 4 | 3,365 | $10,300,000 | 2026-05-15 |
| 400 Alton Rd Apt 3503 | condos | 3 | 4 | 3,284 | $5,750,000 | 2026-05-14 |
| 500 Alton Rd Unit 903 | condos | 3 | 4 | 1,991 | $3,400,000 | 2026-05-12 |
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 Apt 403 | condos | 3 | 3 | 2,445 | $2,250,000 | — |
| 1000 Venetian Way Apt 1902 | condos | 3 | 3 | 2,010 | $2,100,000 | — |
| 109 1st Dilido Ter | single_family | 3 | 4 | 2,481 | $4,450,000 | — |
| 1324 Lenox Ave | single_family | 3 | 2 | 1,804 | $1,600,000 | — |
| 288 Palm Ave | single_family | 3 | 3 | 2,022 | $4,250,000 | — |
| single_family | 3 | 4 | 3,029 | $13,000,000 | — | |
| 1800 Sunset Harbour Dr Unit 1212 | condos | 3 | 3 | 1,900 | $2,225,000 | — |
| 1853 Jefferson Ave Apt 6 | townhomes | 3 | 4 | 1,430 | $995,000 | — |
10-year hold projection
IRR-9.5%
Equity multiple-0.61x
Total return (10yr)-$4,594,606
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $17,407,000 | -$166,776 | -$1,228,874 | $13,373,413 | $4,033,587 |
| 2 | $17,929,210 | -$169,151 | -$1,231,737 | $13,216,760 | $4,712,450 |
| 3 | $18,467,086 | -$171,532 | -$1,234,617 | $13,049,349 | $5,417,737 |
| 4 | $19,021,099 | -$173,917 | -$1,237,515 | $12,870,443 | $6,150,656 |
| 5 | $19,591,732 | -$176,305 | -$1,240,427 | $12,679,250 | $6,912,482 |
| 6 | $20,179,484 | -$178,693 | -$1,243,354 | $12,474,928 | $7,704,556 |
| 7 | $20,784,868 | -$181,081 | -$1,246,293 | $12,256,575 | $8,528,293 |
| 8 | $21,408,414 | -$183,466 | -$1,249,243 | $12,023,227 | $9,385,187 |
| 9 | $22,050,667 | -$185,846 | -$1,252,203 | $11,773,856 | $10,276,811 |
| 10 | $22,712,187 | -$188,220 | -$1,255,171 | $11,507,359 | $11,204,828 |
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.