1290 NE 83rd Street, Miami, FL 33138 — MLS photo

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1290 NE 83rd Street, Miami, FL 33138

Active · SingleFamilyResidence

$9,500,000

1290 NE 83rd Street, Miami, FL 33138

Beds
5
Baths
8
Living area
5,768 sq ft
$ / sq ft
$1,647/sq ft
Year built
1972
Lot size
27,000 sq ft
HOA fee
—
Annual tax
$76,351

About this property

PRIME BAYFRONT LIVING in this contemporary 5,768 SF residence on a gated 27,000 SF Southeast Point Lot with 285 FT of premium waterfrontage - 150 FT directly on Biscayne Bay plus 135 FT of protected side canal dockage with dock & boat lifts. Wide open bay views from every room, skylit interiors, and seamless indoor-outdoor flow to a covered porch, infinity edge pool & expansive terrace. The 1,240 SF primary retreat and three en-suite guest rooms each offer private outdoor access plus there is an office and a fifth en-suite bedroom. Quiet cul-de-sac location with quick access to top schools, major venues, the Design District, beaches, and the airport. A rare waterfront estate offering protected dockage and the kind of long term value only a premier Miami shoreline can deliver. Biscayne Bay frontage | Impact windows & Sliders | Limestone and 24" Porcelain tile floors | Primary Bathroom - Wet room, double sinks | Bedroom #2 (also possible primary) Bathroom Wet room, double sinks | Outdoor cabana full bathroom with shower | Pool decking 1500 SF | Alarm System | 2006 Roof Concrete tile gable roof | 3 HVAC units | Two 175 AMP GE Main Breakers | 200 AMP Sieman Main disconnect on Exterior | Outdoor Storage room | 33 ft dock | Two 10,000 lb boat lifts | Crawl Space access for approximately 1/2 of the house | Room for expansion | One of the two cul-de-sac point lots (SE point a total of two lots 19,375 SF + 7623 SF= 27,000 SF

Property location

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1290 NE 83rd Street, Miami, FL 33138

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Facts & features

Interior

Bedrooms
5
Bathrooms
8
Living area
5,768 sq ft
Flooring
Other, Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Washer
Cooling
Central Air, Ceiling Fans, Zoned
Heating
Central, Electric
Interior features
Breakfast Bar, Bedroom On Main Level, Bathtub, Dining Area, Separate Formal Dining Room, Dual Sinks, Entrance Foyer, Eat In Kitchen, High Ceilings, Jetted Tub, Kitchen Island, Main Level Primary, Main Living Area Entry Level, Sitting Area In Primary, Split Bedrooms, Shower Only, Upper Level Primary, Vaulted Ceilings, Walk In Closets, Skylights, Utility Room
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1972
Stories
3
Lot size
27,000 sq ft
Architectural style
Contemporary Modern, Split Level, Tri Level
Roof
Barrel, Spanish Tile
Construction
Block, Other
Exterior features
Balcony, Courtyard, Lighting, Outdoor Shower, Patio
Pool
Pool
Waterfront
Canal Access, Canal Front, Intracoastal Access, Intersecting Canal, Ocean Access, Point Lot, Seawall
View
Bay, Canal, Intercoastal, Water

Parking

Garage spaces
2
Covered spaces
2
Parking features
Attached, Circular Driveway, Covered, Garage, Paver Block, Two Or More Spaces, Garage Door Opener

HOA, Community & Financials

Amenities
Boat Dock, Pool
Security
Complex Fenced, Security Gate, Lobby Secured, Security System Owned, Security System, Smoke Detectors
Pets allowed
No
Annual tax
$76,351
Subdivision
Bay Crest SE Point Lot
County
Miami-Dade
Days on market
940
MLS listing ID
F10423721
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$24,083

Cap rate
2.6%
Net yield
2.6%
Cash-on-cash return
-10.9%
Gross yield
4.6%
Mortgage payment
$45,035/mo
Down payment
$2,375,000
Loan amount
$7,125,000
Annual NOI
$251,425

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.