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1220 S Alhambra Cir
About This Property
Inside, a dramatic double-height great room creates an immediate sightline to the pool. The open kitchen and family room form the heart of the home, while the formal dining room, complemented by a glass-enclosed, temperature-controlled wine display, offers an elegant setting for entertaining.
The first floor includes a guest bedroom and cabana bath. Upstairs, the gracious primary suite is joined by three additional bedrooms, creating a versatile layout for a variety of lifestyles.
Outdoor living is equally impressive, with approximately 620 square feet of covered terrace and gazebo space, a full outdoor kitchen, sparkling pool, shellstone deck, and wide, usable yard.
Additional features include a buried propane tank, generator-ready infrastructure, integrated Sonos sound, a security camera system, an electric gate, and fully enclosed grounds for privacy and peace of mind.
The location is exceptional, within the Sunset Elementary School District and just blocks from Publix, Whole Foods, Kerdyk Park, local-favorite Whip 'n Dip, Daniel's Miami, Downtown South Miami, and an array of shops, restaurants, and parks.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2026 | Sold | ||
| Sold | |||
| Oct 7, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Listed by BHHS EWM Realty | $5,950,000 | |
| Listed by BHHS EWM Realty | |||
| Jun 2, 2024 | No longer available | - | |
| No longer available | |||
| Apr 4, 2024 | Relisted | $2,100,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017