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4560 Prairie Ave, Miami Beach FL 33140
About this home
A rare opportunity to acquire a substantial waterfront property in the heart of Miami Beach. Set on an approximately 12,151-square-foot lot with approximately 65 feet on the Biscayne Waterway, the property combines a spacious existing residence with the long-term value of a large waterfront site. The one-story, 4,416-square-foot home offers five bedrooms and five full bathrooms, expansive interconnected living and entertaining areas, several distinct gathering spaces, a large kitchen, generous utility room, pool, spa and broad waterfront yard. The residence is available for immediate use, allowing a purchaser to enjoy the property without first undertaking a construction project. Longer term, the site provides the opportunity to create a custom waterfront home if and when desired. Circular driveway parking and an east-facing street frontage complete an increasingly scarce Miami Beach offering. Listing broker has an ownership interest in the property.
Features
- First Floor Entry
- Cooking Island
- Custom Mirrors
- Laundry Tub
- Skylight
- Den/Library/Office
- Family Room
- Utility Room/Laundry
- Canal
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $37,418
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.