305-609-4190
1420 W 23rd St, Miami Beach FL 33140
Active Single Family Residence Waterfront

1420 W 23rd St, Miami Beach FL 33140

Miami Beach, FL, 33140

$110,000,000

Est. $556,220/mo (20% down)

9
Beds
10
Baths
10,791
Sq Ft
2025
Year Built
—
Lot Sq Ft
13
Garage

Photo Gallery (99 photos)

About This Property

Introducing Sunset Estates, a once-in-a-generation opportunity to own one of Miami Beach’s most significant architectural waterfront compounds. Located within the exclusive guard-gated Sunset Islands III, steps from Sunset Harbour, this extraordinary waterfront compound spans over 32,000 SF of prime land with 187 feet of combined water frontage. Designed by renowned architect Kobi Karp and developed by Todd Michael Glaser, the property was envisioned as a primary waterfront residence complemented by an elegant detached guest residence, creating a one-of-one modern tropical compound. Surrounded by landscaped grounds, an Olympic-length lap pool, spa, and expansive terraces, both homes showcase matching contemporary architecture defined by Brazilian Ipe wood, exposed concrete, soaring 12-foot ceilings, elevated finishes, and seamless indoor-outdoor living. The primary residence features 6 bedrooms, 6 bathrooms, private office, powder room, cabana bath, bar, family room, smart home system, elevator, and a gated covered motor court for 10+ cars. The primary suite includes dual dressing rooms, spa-style bath, and private terrace with outdoor shower. Completed in 2025, the guest residence features 2 bedrooms, 2.5 bathrooms, full kitchen, waterfront gym, conference lounge, laundry room, and private double-height garage. A trophy waterfront estate delivering a level of scale, architecture, privacy, and lifestyle nearly impossible to replicate within Miami Beach's most coveted enclaves

Property Details

MLS #

A12018167

Status

Active

Property Type

Residential

Sub Type

Single Family Residence

Year Built

2025

Days on Market

56

Pool

No

Waterfront

Yes

Price / Sq Ft

$10,194

HOA Fee

$5,000/mo

Est. Insurance

$36,667/mo

Tax Year

2025

Tax Amount

—

Garage

13 Car

Lot Size

—

MLS Area

Sunset Islands-island No 3

Subdivision

SUNSET ISLANDS-ISLAND NO 3

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Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$715,000
Est. Monthly Rent
1.2%
Cap Rate
6.1%
Cash-on-Cash
$1,345,362
Net Operating Income

ROI Projections (4% Annual Appreciation)

139%
5-Year ROI
Value: $133,831,819
301%
10-Year ROI
Value: $162,826,871
492%
15-Year ROI
Value: $198,103,786

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

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