5900 SW 129th Ter
Pinecrest, FL 33156 · single_family · For Sale · 215 days on market
Asking price$16,990,000
8 beds 9 baths 9,935 sqft
Suggested offer$12,095,920$4,894,080 above the est. market value of $12,095,920.
View on Realtor.com →Listed by Lourdes Alatriste · Douglas Elliman
Typesingle_family
Built2024
Price / sqft$1710
Est. value (own analysis)$12,095,920
Rent estimate (Zillow ZIP avg)$2,706/mo
HOANone
Wind10/10Extreme$Heat10/10ExtremeAir2/10MinorFlood1/10minimal$Wildfire1/10Minimal
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Statusfor_sale
Listed date2026-01-30
Removed date—
MLSMiamiMLS #A11955271
Coordinates25.65104, -80.28795
Address5900 SW 129th Ter
CityPinecrest
StateFL
Zip33156
Listing ID9837247915
Sourceus-real-estate-listings, cached 2026-08-28
ZIP market snapshot (33156)
Typical home value (ZHVI)$1,543,591
Typical rent (ZORI)$2,706/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 | $16,990,000 |
| Down payment (20.0%) | $3,398,000 |
| Loan amount | $13,592,000 |
| Closing costs (5.0%) | $849,500 |
| Total cash to close | $4,247,500 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $2,706$32,468 |
| Vacancy loss (8.0%) | |
| Effective gross income | $2,489$29,870 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $26,901$322,810 |
| Insurance (est. scaled by flood & wind risk) | $16,990$203,880 |
| HOA dues | $0$0 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $135$1,623 |
| Total operating expenses | $44,026$528,313 |
| 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) | $135$1,623 |
| 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 | 8 | 9 | 9,532 | $65,000 | 2026-07-21 | — | |
| single_family | 8 | 9 | 8,673 | $49,000 | 2026-07-30 | — |
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 |
|---|---|---|---|---|---|---|
| 6730 SW 115th St | single_family | 8 | 9 | 9,117 | $11,100,000 | 2026-05-27 |
| 33 Arvida Pkwy | single_family | 8 | 8 | 12,543 | $55,000,000 | 2026-04-22 |
| 12211 Pine Needle Ln | single_family | 8 | 7 | 6,826 | $5,220,000 | 2026-03-10 |
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 |
|---|---|---|---|---|---|---|
| 6290 Chapman Field Dr | single_family | 8 | 12 | 11,670 | $16,250,000 | — |
| 641 Leucadendra Dr | single_family | 8 | 10 | 13,193 | $78,000,000 | — |
| 6300 Moss Ranch Rd | single_family | 8 | 11 | 8,931 | $7,995,000 | — |
| 5771 SW 94th St | single_family | 8 | 9 | 12,023 | $21,495,000 | — |
| 12900 SW 63rd Ave | single_family | 8 | 9 | 9,019 | $11,999,999 | — |
| 6990 SW 91st St | single_family | 8 | 8 | — | $5,995,000 | — |
| 6190 SW 128th St | single_family | 8 | 11 | 9,800 | $10,599,999 | — |
| 7425 Howard Dr | single_family | 8 | 9 | 8,455 | $6,900,000 | — |
10-year hold projection
IRR-14.2%
Equity multiple-1.46x
Total return (10yr)-$8,209,657
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $17,499,700 | -$498,443 | -$1,548,217 | $13,444,633 | $4,055,067 |
| 2 | $18,024,691 | -$510,755 | -$1,560,569 | $13,287,145 | $4,737,546 |
| 3 | $18,565,432 | -$523,370 | -$1,573,226 | $13,118,843 | $5,446,589 |
| 4 | $19,122,395 | -$536,296 | -$1,586,194 | $12,938,983 | $6,183,411 |
| 5 | $19,696,067 | -$549,540 | -$1,599,482 | $12,746,773 | $6,949,294 |
| 6 | $20,286,949 | -$563,110 | -$1,613,097 | $12,541,363 | $7,745,586 |
| 7 | $20,895,557 | -$577,015 | -$1,627,048 | $12,321,847 | $8,573,710 |
| 8 | $21,522,424 | -$591,262 | -$1,641,342 | $12,087,256 | $9,435,167 |
| 9 | $22,168,096 | -$605,860 | -$1,655,988 | $11,836,557 | $10,331,540 |
| 10 | $22,833,139 | -$620,817 | -$1,670,995 | $11,568,641 | $11,264,498 |
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.