Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Venetian Islands Waterfront Point Lot Title is generated by Realmo AI

    444 W Rivo Alto Dr, Miami Beach, FL 33139

    View on Map
    Claim this Listing
    For Sale
    $17,450,000

    Residential - Miami Beach, FL

    Property size:
    4,800 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $3,635/SF
    Added:
    Feb 17, 2026
    Days on Market:
    84
    Last Refresh:
    May 12 at 5:06 pm

    Property Features for 444 W Rivo Alto Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    0800
    Standard status
    Active
    APN
    02-32-33-001-0350
    Size
    4,800 SF
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    209834

    Utilities

    Water source
    Public
    Water front features
    Ocean Access, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dora Puig

    Listing agent Dora Puig License #3268462

    Listing office Luxe Living Realty 1680 Michigan Ave, Miami Beach, FL

    Listing date Feb 17, 2026

    MLS# A11892928 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 100 FT of Waterfrontage on the Venetian Islands.
    • Enjoy sweeping Open Bay & Downtown Edgewater Views.
    • Oversized 13,382 SF Lot suitable for building a 6,500+ SF Estate.
    • Design Concept with Plans by Kobi Karp may be built.
    • Direct Ocean Access.
    • Existing 5 bed + 5 bath home spanning over 4,800 SF with a large pool and expansive deck.

    Overview

    This oversized 13,382 square foot lot on the Venetian Islands offers over 100 feet of waterfrontage with open bay and downtown Edgewater views. The property presents a rare opportunity to own and develop a 6,500+ square foot estate in a desirable Miami Beach waterfront location. Design concepts with plans by Kobi Karp are available. The property is positioned for privacy and exceptional vistas with direct ocean access. Alternatively, the existing home can be renovated. The home features 5 bedrooms and 5 bathrooms spanning over 4,800 square feet of interior space and a courtyard. The living room includes a fireplace, a formal dining room, and a bright family room with water views. The primary bedroom opens to a terrace with bay views. There is also a large pool and an expansive deck with covered seating, suitable for entertaining overlooking the bay. The property is located in Miami Beach, Florida.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.15539
    Latitude
    25.794165

    Nearby Similar for Sale

    • $19,500,000
      8,000 SF

      Faena District Hospitality Asset

      Partially completed mixed-use hospitality asset in Miami Beach's Faena District.
      2814 Collins Ave, Miami Beach, FL 33140
      View Details
    • $795,000
      860 SF

      Lincoln Road Retail Opportunity

      Prime retail space on iconic Lincoln Road in Miami Beach.
      1300 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $5,000,000
      7,762 SF

      Alton Road Retail Opportunity

      Four-unit building on a high-traffic corridor with redevelopment potential.
      1558 Alton Rd, Miami Beach, FL 33139
      View Details
    • $13,194

      Turnkey Restaurant Space in Miami Beach

      Fully equipped restaurant space in a high-traffic South Beach location.
      1216 Washington AVE, Miami Beach, FL 33139
      View Details
    • $375,000
      1,130 SF

      Oceanfront Miami Beach Office Space

      Prime office space in oceanfront building with immediate rental income.
      5601 Collins Ave, Miami Beach, FL 33140
      View Details
    • $16,000,000

      Miami Beach Development Opportunity

      Rare South of Fifth development opportunity with income and upside.
      249 Collins Ave, Miami Beach, FL 33139
      View Details
    • $11,000,000

      Miami Beach Retail Redevelopment Opportunity

      Prime commercial property with redevelopment potential in Miami Beach.
      1441 Alton Rd, Miami Beach, FL 33139
      View Details
    • $9,000,000
      600 SF

      Iconic South Beach Property

      Rare opportunity to own a landmark nightlife property.
      1527 Washington Ave, Miami Beach, FL 33139
      View Details
    • $3,850,000
      6,960 SF

      Multifamily Investment in Miami Beach

      Multifamily property on oversized lot with renovation potential in Miami Beach.
      800 85th St, Miami Beach, FL 33141
      View Details
    • $900,000

      Miami Beach Commercial Space

      Prime commercial space in Miami Beach's Sunset Harbour neighborhood.
      1400 20th St, Miami Beach, FL 33139
      View Details
    • $5,000,000

      Renovated Office Condo on Lincoln

      Boutique office building in the heart of Miami Beach.
      605 Lincoln Rd, Miami Beach, FL 33139
      View Details
    • $750,000

      Miami Beach Salon Business Opportunity

      Turnkey salon business with high visibility in Miami Beach.
      1800 Bay Rd Ste #101, Miami Beach, FL 33139
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare opportunity to develop a waterfront estate in Miami Beach.
    Where is this waterfront land located?
    The property is located at 444 W Rivo Alto Dr Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $17,450,000.
    What are key features of this property?
    This property features: Over 100 FT of Waterfrontage on the Venetian Islands.; Enjoy sweeping Open Bay & Downtown Edgewater Views.; Oversized 13,382 SF Lot suitable for building a 6,500+ SF Estate.
    (305) 873-4919
    We can help!
    Listing Contact
    Dora Puig
    Real Estate License ID: 3268462
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    444 W Rivo Alto Dr, Miami Beach, FL 33139
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!