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Single Family Residence
$5,950,000$1,878 / sqft
2534 Flamingo Dr, Miami Beach FL 33140
Listed
4
Bedrooms
4
Bathrooms
3,168 sqft
Interior
1935
Year built
None
HOA
Single Family Residence
Type
About this home
Rare opportunity to complete a substantial renovation in one of Miami Beach’s most desirable residential neighborhoods. 2534 Flamingo Drive sits on an approximately 10,800 SF lot and is offered in its current partially renovated condition, with approved plans in place. Significant work and materials have already been secured, including Rift White Oak millwork, Roman Travertine, wood flooring, PRADO trims, pool equipment and Mitsubishi VRF equipment. The property features a detached guest house and heated pool and spa. An exceptional opportunity for an end user, developer or investor to complete the existing vision rather than begin the approval process from scratch. Buyer to independently verify plans, permits, square footage, improvements and all property information. Certain images are AI-generated conceptual renderings based on approved plans and are intended solely to illustrate the potential completed residence. They do not depict the property’s current condition.
Features
- First Floor Entry
- Built-in Features
- Walk-In Closet(s)
- Utility Room/Laundry
- Lighting
- Garden
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 4-bed rentals in Miami Beach, from 34 active listings; the middle half ask $13,990–$30,000.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.