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Single Family Residence
$1,900,000$1,116 / sqft
535 W 51st St, Miami Beach FL 33140
Listed
3
Bedrooms
2
Bathrooms
1,702 sqft
Interior
1939
Year built
None
HOA
Single Family Residence
Type
About this home
Exceptional opportunity to buy this mid century 3 bed & 2 bath home located in the highly sought after Lakeview neighborhood of Miami Beach. Features include, vaulted ceilings, custom built-ins, new 2021 A/C , 2019 roof, accordion shutters & updated plumbing. Garage was legally converted into a 1 bed & 1 bath space with its own private entrance. 6,250 sf lot provides plenty of room for a swimming pool. Tremendous potential, update, expand, or rebuild; you can't go wrong. Property is surrounded by multimillion dollar homes, nestled between La Gorce Dr & Alton RD & within walking distance to Fisher Park. Excellent family neighborhood in Miami Beach's best school district. Superb location, minutes from the beach, country clubs, shopping, houses of worship, Miami airport & major highways.
Features
- First Floor Entry
- Vaulted Ceiling(s)
- Garage Converted
- Room For Pool
- Garden
Leasing
- Minimum lease
- Not stated
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
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 22 active listings; the middle half ask $6,500–$18,000.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.