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Waterfront · Single Family Residence
$3,350,000$1,149 / sqft
5811 SW 88th St, Pinecrest FL 33156
Listed
7
Bedrooms
9
Bathrooms
2,915 sqft
Interior
2027
Year built
None
HOA
Single Family Residence
Type
About this home
This premier waterfront lot comes with fully approved permits for an exceptional custom luxury residence in Pinecrest, allowing construction to begin immediately. The approved plans call for a spacious master suite, six additional bedrooms, seven full bathrooms, a powder room, and a cabana bath, creating a versatile layout ideal for both everyday living and large-scale entertaining. The home will offer approximately 9,327 SF under A/C on an expansive 27,973 SF lot, with a design that emphasizes natural light, expansive open spaces, and a seamless connection between interior and exterior areas. With approvals already in place, this offering represents a rare chance to develop a modern waterfront estate featuring high-end finishes, resort-style living spaces.
Features
- First Floor Entry
- Other
- Utility Room/Laundry
- Barbeque
- Canal
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$16,939
Loan payment and HOA only. Property tax and insurance are significant here and are included.
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 7-bed rentals across Miami-Dade, from 19 active listings; the middle half ask $18,000–$70,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.