Single Family Residence

821 Espanola Way

821 Espanola Way, Miami Beach FL 33139 Get directions

$1,695,000

For Sale

Price cut: $155,000 (−8.4%)

5 Beds · 4 Baths · 2,410 SqFt

See estimated monthly cost

This listing is courtesy of Majestic Properties LLC. Silvana Carvalho

Overview

Rare value-add opportunity on coveted Española Way! This 5-bedroom, 4.5-bath property sits directly across from Flamingo Park, just steps from Lincoln Road and the beach. Currently operating as four separate living spaces, the property includes a main residence with a private backyard, two studio-style spaces generating rental income, and a detached 1-bedroom guest house with a private balcony. Offering a rare opportunity to restore its original single-family character while retaining a separate guest house, or capitalize on its existing income-producing layout. Nestled on a quiet cul-de-sac with minimal traffic and ample street parking. A compelling opportunity to create lasting value in one of South Beach’s most desirable locations.

Facts & features

Interior

Living area (sq ft): 2,410
Full bathrooms: 4
Half bathrooms: 1

First Floor Entry
Second Floor Entry
Garage Apartment
Separate Guest/In-Law Quarters
Studio Apartment

Building & exterior

Year built: 1938
Lot size (sq ft): 3,900

Other
Barbeque
Open Balcony
Outdoor Shower

HOA (homeowners association)

Pets allowed: Yes

Ok To Lease

Taxes

Annual tax: $20,352
Tax year: 2025
Parcel number: 02-32-34-015-0220

Assigned schools

Middle: Nautilus
High: Miami Beach

Listing

MLS number: A12061441
Property type: Single Family Residence
Price per SqFt: $703
Subdivision: ESPANOLA VILLAS 1ST ADDN
On market since: Jul 28, 2026
Days on market: 107

Price history

Date	Event	Price	Change
Jul 28, 2026	Listed	$1,895,000	—
Nov 12, 2026	Price change	$1,695,000	−$155,000 (−8.4%)

Milestones recorded on this listing. Not a complete MLS price history.

Estimated monthly cost

$11,538 per month

Down payment (%)

Interest rate (%)

Principal & interest (30 yr): $8,571
Property tax: $1,696
Insurance (estimated): $1,271

An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.

Location

Show nearby schools

See this area on the search map

Nearby schools

Miami Beach Adult & Community Education Center Public · 0 · 0.23 mi
Miami Beach Fienberg/Fisher K-8 Center Public · PK-8 · 0.29 mi
Lincoln-Marti Community Agency 41 Private · PK-03 · 0.37 mi
Lubavitch Educational Center - Yeshiva Gedolah Private · 01-12 · 0.42 mi
Miami Beach Senior High Public · 9-12 · 0.85 mi
BaseCamp 305 Jr Private · KG-KG · 0.88 mi
Miami Beach South Pointe Elementary Public · PK-5 · 0.95 mi

Similar homes nearby

Active listings within two miles, with a comparable size and price.

For Sale

3050 Alton Rd, Miami Beach FL 33140

5 Beds · 3 Baths · 2,338 Sq Ft

$1,965,000 View details

Dalton Wade Inc

Request a tour

Ask about this residence and an advisor will reply.

Name

Phone

Message

I agree to receive calls and text messages from Tryphe about my inquiry, including property information and appointment scheduling, at the number provided. Message frequency varies. Message and data rates may apply. Reply STOP to opt out or HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use. I agree to receive marketing text messages from Tryphe about new listings, pre-construction launches and market updates at the number provided. Messages may be sent using automated technology. Message frequency varies. Message and data rates may apply. Reply STOP to opt out or HELP for help. Consent is not a condition of purchase. See our Privacy Policy and Terms of Use.

Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

Request a tour