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Waterfront · Single Family Residence
$7,000,000$1,699 / sqft
1025 Belle Meade Island Dr, Miami FL 33138
Listed
5
Bedrooms
4
Bathrooms
4,119 sqft
Interior
1956
Year built
None
HOA
Single Family Residence
Type
About this home
Waterfront opportunity on exclusive, guard-gated Belle Meade Island, offering the best of both worlds: a beautifully maintained existing home ready to enjoy today, together with fully approved plans and permits for an exceptional new residence. For the end user or developer, the approved plans and permits provide a significant head start, saving substantial time, expense and uncertainty associated with the planning and permitting process. Plans by Blanco Design + Build call for approximately 8,500 total SF, including 6,700 SF of interior space, 6 bedrooms, 6 full baths and 1 half bath. With approvals in place, the new owner can move directly toward construction; ideal for a buyer seeking expedited occupancy or a developer targeting an approximately 18-month build-and-exit strategy. The 12,300 SF lot with 75 feet of waterfront offers direct, unobstructed, no-bridge access to Biscayne Bay, plus a new dock and seawall. The existing 5-bedroom, 4-bath home is exceptionally well maintained with a new roof and deck, offering immediate occupancy and the opportunity to enjoy waterfront living in a neighborhood where property values continue to reach new records, making this an exceptional opportunity to own within a highly appreciating Miami enclave.
Features
- First Floor Entry
- Built-in Features
- Cooking Island
- Other
- Canal
- Water
Location
Approximate — shows the building, not the unit. Open in maps
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 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $4,999–$19,750.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.