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Condominium
$4,255,000$2,205 / sqft
829 4th St # 3, Miami Beach FL 33139
Listed
2
Bedrooms
3
Bathrooms
1,930 sqft
Interior
2027
Year built
$2,161 / mo
HOA
Condominium
Type
About this home
A rare opportunity is unfolding at 829 4th Street—a boutique collection of only four full-floor residences in one of Miami Beach’s most sought-after enclaves. Imagine this: sunrise beach walks, dinners at world-class restaurants, and a neighborhood that feels both connected and private. Milano Boutique fits seamlessly into that lifestyle. Each residence offers nearly 2,000 sq. ft. of refined living with direct elevator entry, floor-to-ceiling views, and interiors designed under a true Made in Italy concept. The signature offering: the top two floors can be combined into an extraordinary 4,000 sq. ft. penthouse—a one-of-one home in the sky. Rooftop amenities include a solarium, outdoor kitchen, and a lounge crafted for effortless hosting. Opportunities in South of Fifth with this level of exclusivity are extremely limited.
Features
- First Floor Entry
- Other
- Garden View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
- 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
Approximate — shows the building, not the unit.
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$9,900.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.