8763 SW 61st Pl
About This Property
Set along a tranquil canal and surrounded by lush, mature landscaping, the home welcomes you with dramatic 20-foot ceilings and an abundance of natural light. The thoughtfully designed floor plan features 7 bedrooms and 6 bathrooms, including a spacious primary suite, large dedicated office, and separate service quarters on the main level. Three additional bedrooms are upstairs, and a fully separate 1-bedroom/1-bathroom poolhouse sits off the backyard, ideal for guests or extended stays.
The expansive backyard is built for entertaining, fully renovated anchored by a summer kitchen. Minutes from Gulliver, Beth Am, and St. Thomas, plus Miami's finest dining and shopping.
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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 |
|---|---|---|---|
| Sep 10, 2026 | Sold | ||
| Sold | |||
| May 4, 2026 | Listed by Anac Global Realty, LLC | $4,700,000 | |
| Listed by Anac Global Realty, LLC | |||
| May 25, 2021 | Sold | ||
| Sold | |||
| Mar 21, 2021 | No longer available | - | |
| No longer available | |||
| Mar 11, 2021 | Price Decreased |
$2,599,000
↓ $26K
(1%) | |
| Price Decreased | |||
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About Pinecrest
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017