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Single Family Residence
$3,950,000$1,642 / sqft
3121 Prairie Ave, Miami Beach FL 33140
Listed
4
Bedrooms
3
Bathrooms
2,405 sqft
Interior
1950
Year built
None
HOA
Single Family Residence
Type
About this home
Enjoy the best of Miami Beach in this renovated 4-bedroom, 3-bathroom home with 14,100 sf of land! Recently renovated and thoughtfully designed for comfortable everyday living, the home features a well-laid-out floor plan, an oversized eat-in kosher kitchen, and a large deck overlooking the expansive yard. It's perfect for outdoor dining, entertaining, and enjoying the South Florida lifestyle. Set on a rare 14,100 SF lot measuring 75' x 188', the property offers the opportunity to enjoy the home as it is today while planning for the future. Envision creating a stunning 7,000 SF custom estate, with the potential for rooftop views of the Miami Beach Golf Course and Downtown Miami. For those seeking even more space, the property can be combined with the adjacent lot (MLS# A1207124) to create a truly unique 20,250 SF compound. Ideally situated near multiple houses of worship, the newly developed Bayshore Park, and the Scott Rakow Youth Center, with easy access to the beach, shopping, dining, and recreation. Whether you're looking for a wonderful home to enjoy now or a property with exciting possibilities, this is a spectacular opportunity in one of Miami Beach's most desirable residential neighborhoods. Call the listing agents for more information.
Features
- First Floor Entry
- Other
- None
- Golf Course
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 32 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.