1009 Fisher Island Dr
Fisher Island, FL 33109 · single_family · For Sale · 328 days on market
Asking price$34,000,000
6 beds 9 baths 8,569 sqft
Suggested offer$4,500,000$29,500,000 above the est. market value of $4,500,000.
View on Realtor.com →Listed by Dora Puig · Luxe Living Realty
Typesingle_family
Built2026
Price / sqft$3968
Est. value (Zillow ZIP avg)$4,500,000
Rent estimate (Zillow ZIP avg)$9,093/mo
HOA$4,151/mo
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Statusfor_sale
Listed date2025-10-09
Removed date—
MLSMiamiMLS #A11889917
Coordinates25.76306, -80.13770
Address1009 Fisher Island Dr
CityFisher Island
StateFL
Zip33109
Listing ID9978657958
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 | $34,000,000 |
| Down payment (20.0%) | $6,800,000 |
| Loan amount | $27,200,000 |
| Closing costs (5.0%) | $1,700,000 |
| Total cash to close | $8,500,000 |
| Income | |
| Rent (ZIP avg, ZORI — not bedroom-specific) | $9,093$109,116 |
| Vacancy loss (8.0%) | |
| Effective gross income | $8,366$100,387 |
| Operating expenses | |
| Property tax (placeholder 1.9% of price) | $53,833$646,000 |
| Insurance (placeholder 0.8% of price) | $22,667$272,000 |
| HOA dues | $4,151$49,812 |
| Management (0.0% of EGI) | $0$0 |
| Maintenance (5.0% of GSR) | $455$5,456 |
| Total operating expenses | $81,106$973,268 |
| 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) | $455$5,456 |
| 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.
No active rental listings cached yet for this bedroom count.
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.
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 |
|---|---|---|---|---|---|---|
| 7282 Fisher Island Dr Unit 7282 | condos | 6 | 5 | 6,170 | $27,500,000 | — |
| 1005 Fisher Island Dr | single_family | 6 | 9 | 10,976 | $36,500,000 | — |
10-year hold projection
IRR-13.3%
Equity multiple-1.29x
Total return (10yr)-$15,047,278
| Year | Property value | NOI | Cash flow | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $35,020,000 | -$872,881 | -$2,975,871 | $26,905,092 | $8,114,909 |
| 2 | $36,070,600 | -$894,201 | -$2,997,328 | $26,589,931 | $9,480,669 |
| 3 | $37,152,718 | -$916,039 | -$3,019,306 | $26,253,129 | $10,899,589 |
| 4 | $38,267,300 | -$938,408 | -$3,041,817 | $25,893,198 | $12,374,102 |
| 5 | $39,415,319 | -$961,319 | -$3,064,876 | $25,508,550 | $13,906,769 |
| 6 | $40,597,778 | -$984,787 | -$3,088,495 | $25,097,487 | $15,500,291 |
| 7 | $41,815,711 | -$1,008,825 | -$3,112,687 | $24,658,197 | $17,157,514 |
| 8 | $43,070,183 | -$1,033,447 | -$3,137,466 | $24,188,740 | $18,881,442 |
| 9 | $44,362,288 | -$1,058,665 | -$3,162,847 | $23,687,046 | $20,675,243 |
| 10 | $45,693,157 | -$1,084,496 | -$3,188,844 | $23,150,899 | $22,542,258 |
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.