38
Map
520 S Mashta Dr
About This Property
Plans by renowned architect, Pablo Corazzini of Vitalini Corazzini Architects, are available to the buyer, offering a thoughtfully conceived vision that takes full advantage of the property's remarkable scale, premier waterfront setting, and spectacular sunsets. The proposed design creates an extraordinary canvas for sophisticated indoor-outdoor living and entertaining, should the buyer choose to pursue the concept.
With its exceptional lot size, expansive water frontage, and coveted Mashta Island address, this is a truly irreplaceable opportunity to create a legacy estate in one of South Florida's most prestigious waterfront communities.
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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 |
|---|---|---|---|
| Aug 12, 2026 | Listed by Coldwell Banker Realty | $19,900,000 | |
| Listed by Coldwell Banker Realty | |||
| Jan 6, 2025 | Price Decreased |
$18,900,000
↓ $1M
(5.5%) | |
| Price Decreased | |||
| Oct 29, 2024 | Listed | $20,000,000 | |
| Listed | |||
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Seize the rare chance to create your dream estate on one of the largest lots in Key Biscayne's prestigious Mashta Island community. This 22,140-square-foot property features 138 feet of pristine water frontage, offering breathtaking open-water views—an ideal backdrop for a grand residence. Collaborate with the renowned Corazzini & Associates, known for their award-winning designs that merge elegance with functionality. Enjoy spectacular sunsets visible throughout your home, perfect for relaxation and entertaining. Included are fully approved plans and permits for a stunning 8-bedroom, 8.5-bath, 10,000-square-foot estate, ensuring a seamless start to your vision. Don’t miss this once-in-a-lifetime opportunity to establish a legacy in one of South Florida's most prestigious enclaves.
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| Feb 26, 2024 | Sold | ||
| Sold | |||
| Jan 15, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017