FOR_SALEExcellent Deal94 days on market

36 Star Island Dr

36 Star Island Dr, Miami Beach, FL 33139, Miami Beach, FL 33139
$50,000,000

Listing Price

Property image 1
36 Star Island Dr, Miami Beach, FL 33139
Loc: Miami Beach, FL
Days Listed
94
Tax Assessed
$25216k
Lot Size
0.92 acres
Type
lot

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

9

South Pointe Elementary School

PK-5
0.7 mi away
5

Nautilus Middle School

6-8
2.8 mi away
5

Miami Beach Senior High School

9-12
1.9 mi away
Haven Underwritten Market·Moderate (1.10 - 1.24x)

Miami, FL Investment Analysis (2026)

Cap Rate Range: 5.4% - 6.6% · Median Rent: $3,400/mo · Effective Tax: 0.91%

Open Miami Market Underwrite

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
8.03%
Total ROI
29.8%
Cash Flow
$81,857/mo
DSCR
1.32
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-21Listed for sale$50,000,000
2024-06-29Listing removed$37,000,000
2022-10-28Listed for sale$37,000,000
2012-03-30Sold$8,500,000
2005-06-16Sold$7,301,300
1998-09-23Sold$2,100,000
1998-07-20Sold$1,600,000

Tax History

YearProperty TaxTax Assessment
2025$376,063.22$16,422,231
2024$358,106.5$14,929,301
2023$307,937.22$13,572,092
2022$270,951.9$12,338,266
2021$224,871.55$11,216,606
2020$209,678.4$10,416,796
2019$221,506.05$11,016,986
2018$215,182.6$11,017,176
2017$215,182.6$10,128,103
2016$208,381.44$9,207,367
2015$179,564.25$8,370,334
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
Baths
Sq Ft
0
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $50,000,000Rent Basis: Modeled Estimate ($400,000/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $25,000/mo
Haven ScoreNeutral
4/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
6.30%

NOI: $3,148,885/yr

Cash-on-Cash Yield
0.3%

On $11,500,000 invested

DSCR Ratio
1.01x

Tight qualification

5-Yr Leveraged ROI
+95.7%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$20,593/mo
Homeowner / Hazard Insurance-$25,000/mo
Vacancy Reserve (5% of rent)-$20,000/mo
Repairs & Maintenance (10% of rent)-$40,000/mo
Property Management (8% of rent)-$32,000/mo
Total Pure Operating Expenses-$137,593/mo
Net Investor Cash Flow
Gross Scheduled Rent+$400,000/mo
Less: Operating Expenses-$137,593/mo
Net Operating Income (NOI)+$262,407/mo
Less: Debt Service (30yr @ 6.75%)-$259,439/mo
Net Cash Flow
$2,968/mo
$35,614/year
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36 Star Island Dr | Miami Beach, FL | Haven AI Analysis | Haven by ScoutHavens