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Waterfront · Single Family Residence
$22,500,000
940 88th St, Surfside FL 33154
Listed
0
Bedrooms
— sqft
Interior
1956
Year built
None
HOA
Single Family Residence
Type
About this home
An exceptional waterfront development opportunity in the heart of Surfside. Encompassing approximately 25,000 SF of land with 125 FT of waterfrontage, this expansive property combines two previously separate parcels into one extraordinary estate-sized offering. With approved plans for a single waterfront estate, the property presents a rare opportunity to create a custom residence in one of Miami's most desirable residential enclaves. The property currently features two existing livable residences and two private docks, offering flexibility ahead of future development. Ideally located moments from the beach, Bal Harbour Shops, fine dining, and world-class amenities. A remarkable opportunity to build a legacy waterfront estate in Surfside.
Features
- Other
- Bay
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$113,772
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $113,772
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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 studio rentals across Miami-Dade, from 5 active listings; the middle half ask $1,300–$1,400.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.