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Single Family Residence
$3,000,000$1,327 / sqft
1257 Alton Rd, Miami Beach FL 33139
Listed
3
Bedrooms
3
Bathrooms
2,260 sqft
Interior
1935
Year built
None
HOA
Single Family Residence
Type
About this home
PRIME CORNER LOT | EXCEPTIONAL REDEVELOPMENT OPPORTUNITY An outstanding opportunity for builders, investors, and visionary buyers! Situated on a large corner lot at 1257 Alton Road in Miami Beach, this property offers exciting potential in a desirable location. Zoned RO (Residential Office), the property presents opportunities for residential use and qualifying professional office uses, subject to applicable zoning regulations and approvals. Whether you're envisioning a custom residence, exploring professional office possibilities, or evaluating the property's redevelopment potential, this is an opportunity to bring your vision to life. A rare opportunity to unlock the potential of a prime Miami Beach location! Property is being sold as-is. Buyers are responsible for independently verifying zoning, permitted uses, development potential, and all applicable building requirements with the City of Miami Beach.
Features
- First Floor Entry
- Cottage
- Family Room
- Separate Guest/In-Law Quarters
- Room For Pool
- None
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 3-bed rentals in Miami Beach, from 19 active listings; the middle half ask $6,500–$17,500.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.