535 N Shore Dr
Listing Price
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Treasure Island Elementary School
Nautilus Middle School
Miami Beach Senior High School
Miami, FL Investment Analysis (2026)
Cap Rate Range: 5.4% - 6.6% · Median Rent: $3,400/mo · Effective Tax: 0.91%
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $29,194/mo net cash flow with a 8.4% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
- • Favorable cap rate profile (8.4%)
- • Strong rental demand in Miami Beach
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-06 | Price change | $14,999,000 | $2,944 |
| 2026-03-29 | Listed for sale | $15,750,000 | $3,092 |
| 2026-03-15 | Listing removed | $15,500,000 | $3,043 |
| 2025-01-15 | Price change | $15,500,000 | $3,043 |
| 2024-08-18 | Listed for sale | $13,000,000 | $2,552 |
| 2024-06-18 | Sold | $3,200,000 | $628 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $55,665.16 | $2,856,000 |
| 2024 | $6,586.11 | $414,298 |
| 2023 | $6,414.39 | $402,517 |
| 2022 | $6,268.78 | $390,794 |
| 2021 | $6,247.69 | $379,412 |
| 2020 | $5,891.56 | $374,174 |
| 2019 | $5,931.94 | $365,762 |
| 2018 | $5,614.07 | $358,943 |
| 2017 | $5,545.62 | $351,561 |
| 2016 | $5,574.64 | $344,331 |
| 2015 | $6,222.3 | $341,938 |
| 2014 | $6,222.3 | $339,225 |
| 2013 | $6,222.3 | $334,212 |
| 2012 | $6,222.3 | $328,626 |
| 2011 | $6,063.57 | $319,055 |
| 2010 | $5,628.72 | $314,340 |
| 2009 | $5,073.26 | $306,076 |
| 2007 | $5,157.42 | $221,866 |
| 2006 | $6,041.87 | $0 |
| 2005 | $6,041.87 | $0 |
| 2004 | $6,015.42 | $0 |
| 2003 | $6,215.97 | $0 |
| 2002 | $5,989.14 | $0 |
| 2001 | $5,989.14 | $0 |
ARV, Rehab & Maximum Allowable Offer (MAO)
Model contractor scopes, estimated after-repair value (ARV) projections, and determine your purchase price ceiling to protect target margins.
Calculated as (75% × $17,698,820) − $229,230
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $990,737/yr
On $3,449,770 invested
Tight qualification
Equity + cumulative cash
Monthly Cash Flow Breakdown
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