1051 NE 89th St, Miami, FL 33138 — MLS photo

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1051 NE 89th St, Miami, FL 33138

Active · SingleFamilyResidence

$5,549,000

1051 NE 89th St, Miami, FL 33138

Beds
7
Baths
7
Living area
6,288 sq ft
$ / sq ft
$882/sq ft
Year built
1939
Lot size
17,402 sq ft
HOA fee
—
Annual tax
—

About this property

Experience exceptional waterfront living in this impressive 6,200+ sq ft estate, perfectly positioned on a sprawling 17,000+ sq ft corner lot with approximately 70 feet of canal frontage, a private dock, and no fixed bridges to Biscayne Bay and the Atlantic Ocean. Designed for those who appreciate space, privacy, and the boating lifestyle, the home features 7 bedrooms, 5 full baths, and 2 half baths, expansive living and entertaining areas, a resort-style pool surrounded by lush tropical landscaping, and a private theater. The luxurious primary suite is its own private retreat with a dedicated office, dual walk-in closets, two spa-inspired baths, and direct access to the pool and waterfront. A dramatic foyer with terrazzo floors, a fireplace, and an elegant staircase creates a memorable first impression, while the flexible floor plan offers 4 bedrooms on the main level and 3 upstairs. Currently licensed for short-term rentals with a proven performance history, this property offers a rare combination of luxury living, boating access, and income potential. Explore the immersive 3D Matterport tour and cinematic drone video to fully appreciate everything this exceptional waterfront estate has to offer. Images may be virtually staged and/or digitally enhanced (including furniture, colors, fixtures, landscaping, and décor) for illustrative purposes only.

Property location

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1051 NE 89th St, Miami, FL 33138

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Facts & features

Interior

Bedrooms
7
Bathrooms
7
Living area
6,288 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1939
Lot size
17,402 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A11854559
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

-$14,408

Cap rate
2.6%
Net yield
2.6%
Cash-on-cash return
-11.1%
Gross yield
5.7%
Mortgage payment
$26,305/mo
Down payment
$1,387,250
Loan amount
$4,161,750
Annual NOI
$142,768

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