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5970 Indian Creek Dr #302, Miami Beach, FL, 33140

3beds
3baths
1,420sqft
$899,000
$633price/sqft
$6,933/moest. monthly cost
$277,320/yrincome needed

About This Home

Spacious 3/3 corner unit in a boutique condo on Millionaire’s Row with heated rooftop pool overlooking Indian Creek & city skyline. Building offers fitness center, sauna/steam, hot tub, dock, boat slips, kayak/bike racks, 24-hr security & valet. Features 2 ensuite master bedrooms, 3 full baths, marble floors/showers, 9 ft ceilings, granite countertops, whirlpool tub, custom cabinetry, washer/dryer, and floor-to-ceiling glass doors opening to terraces with stunning views. Public beach access steps away. Perfect investment—currently rented at $4,500/mo until Oct 9, 2026.

Getting Around

72
WalkingVery Walkable
47
TransitSome Transit
59
BikeBikeable

Schools

10/10
5/10
Nautilus Middle SchoolGrades 6-82.1 mi
5/10

Construction

Condition

  • Year built: 2004

Materials

  • Construction materials: CBS Construction

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Range,Refrigerator,Oven,Washer

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Built-in Features,Closet Cabinetry,Pantry,Split Bedroom,Walk-In Closet(s)
  • Window features: Complete Accordian Shutters,Complete Impact Glass,Hurricane Shutters
  • Flooring: Marble
  • Common walls with other units/homes: Corner Unit

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total interior livable area: 1,420 sqft

Property

Accessibility

  • Accessibility features: Accessibly Equipped

Details

  • Parcel number: 0232140290090
  • Attached to another structure: Yes

Features

  • Spa features: Community
  • Has view: Yes
  • View description: Bay,Intracoastal View
  • Has water view: Yes
  • Water view: Bay,Intracoastal View
  • On waterfront: Yes
  • Waterfront features: Canal Front,Canal,Intracoastal Front

Lot

  • Features: East Of Us1

Parking

  • Total spaces: 1
  • Parking features: 1 Space
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Heat Wave
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,545$54,540
Home Insurance *$792$9,504
Property Taxes $1,399$16,788
Electricity $197$2,366
Total$6,933$83,196
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$237,702/yr
40% on housing$207,990/yr
45% on housing$184,880/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$633This listing

vs Other Active Listings

Avg $/sqft

ZIP 33140$10,428
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33140$1,337
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-09-26Price change$899,000
2025-04-26Listed for sale$985,000
2023-08-07Listing removed--
2023-05-31Price change$4,750
2023-04-13Listed for rent$5,000
2020-09-16Listing removed$2,850
2020-08-28Listed for rent$2,850
2012-04-05Listing removed$2,300
2012-03-03Price change$2,300
2012-01-24Price change$2,700
2011-11-24Listed for rent$2,800
2004-07-26Sold$420,000

For Sale by Agent

AgentVictor Florencio Sanchez
BrokerageOcean Club Realty, Inc.

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