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+10 photosLuxury home — 7435 Byron Avenue · Harding Townsite · Miami Beach
$3,150,000
7435 Byron Avenue, Miami Beach, FL 33141
Miami Beach, FL, 33141
— bd · 0 ba · 7,865 sqft
Listed by Beachfront Realty Inc
7435 Byron Avenue, Miami Beach, FL 33141
Listed by Beachfront Realty Inc
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Estimated monthly payment
$22,252/mo
Income & expenses
10 units| Building totals | Monthly | Annual |
|---|---|---|
| Gross rental income | $2,200 | $26,400 |
| Operating expenses (est.) | $-12,909 | $-154,910 |
| Net operating income (est.) | $15,109 | $181,310 |
Expenses reflect the published net income, adjusted for post-sale taxes; the seller's itemized expenses need confirmation. Loan payments are separate.
Net Op Inc (as listed)
$186,789
Published by the listing agent
Property taxes after sale
$37,800
Florida average estimate
Seller's current taxes
$32,321
Already inside their NOI
Cap rate
5.76%
NOI $181,310/yr
The seller's Net Op Inc, corrected for the higher tax bill after the sale.
How we got there
- Net Op Inc as listed
- $186,789
- Taxes today
- $32,321
- Taxes at $3,150,000
- $37,800
- Extra tax to absorb
- -$5,479
- Adjusted net
- $181,310
Cash flow with a loan
Tax-adjusted net operating income minus a 30-year loan payment at the price tested above.
Rent figures come from the listing. Taxes are estimated at the tested price, since Florida taxes reset on sale. Planning estimate only, not a quote. Actual premiums depend on roof age, wind mitigation, flood zone, claims history and the carrier. Verify all income and expenses with the seller's rent roll before writing an offer. Estimate only, not guaranteed. Verify before you buy or sell.
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $22,252/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesPRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 6.00%. Pro format Cap Rate 6.50% Pro format NOI $203.889.Offering Memorandum available upon request.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 10%
The seller has come down from $3,500,000 to $3,150,000 — a $350,000 reduction since it came on the market.
400 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $22,252/mo
7435 Byron Avenue, Miami Beach, FL 33141 · Miami Beach
Location
7435 Byron Avenue, Miami Beach, FL 33141
What buyers ask about this home
What are the estimated monthly carrying costs at 7435 Byron Avenue, Miami Beach, FL 33141?+
Property tax (after sale): $3,993/month est.; homeowners insurance: $1,914/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $5,907/month est. Principal and interest: $16,345/month; PMI: $0/month. Total for the payment scenario shown: $22,252/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 7435 Byron Avenue, Miami Beach, FL 33141?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 7435 Byron Avenue, Miami Beach, FL 33141 need flood insurance, and what drives the premium?+
Most of Miami Beach sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 7435 Byron Avenue, Miami Beach, FL 33141?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 7435 Byron Avenue, Miami Beach, FL 33141?+
This listing has been on the market 400 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami Beach. Beachside neighborhoods with local dining, Lincoln Road shopping and connections across the causeways to Miami.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
Biscayne Beach Elementary School
Elementary · 0.2 mi from this home · 800 77Th St, Miami Beach
Miami Beach Nautilus Middle School
Middle school · 3.2 mi from this home · 4301 N Michigan Ave, Miami Beach
Miami Beach Senior High School
High school · 4.3 mi from this home · 2231 Prairie Ave, Miami Beach
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Archdiocese Of Miami Virtual Catholic School
Pre-K & Kindergarten · Private · Catholic · Grades K–12 · Miami Shores
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
Interested in this property?
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