Cays Realty
1540 Cleveland Rd, Miami Beach, FL 33141 — MLS photo

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1540 Cleveland Rd, Miami Beach, FL 33141

Active · SingleFamilyResidence

$4,400,000

1540 Cleveland Rd, Miami Beach, FL 33141

Beds
5
Baths
4
Living area
2,849 sq ft
$ / sq ft
$1,544/sq ft
Year built
1952
Lot size
9,000 sq ft
HOA fee
—
Annual tax
$23,352

About this property

Located on the exclusive gated island of Biscayne Point, this modern waterfront residence blends timeless design with turnkey convenience. Rebuilt in 2014, the home features updated roof, impact windows and doors, plumbing, electrical, and A/C systems. Offering 5 bedrooms and 3.5 bathrooms, the residence showcases high ceilings, limestone floors throughout, and a sleek gourmet kitchen with top-of-the-line appliances and generous storage. Designed for both comfort and entertaining, the property includes an oversized pool and a fully fenced lot with electric gates and circular driveway. Enjoy the privacy of island living while being just minutes from top schools, beaches, restaurants, golf, tennis, and houses of worship.

Property location

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1540 Cleveland Rd, Miami Beach, FL 33141

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Facts & features

Interior

Bedrooms
5
Bathrooms
4
Living area
2,849 sq ft
Flooring
Marble
Appliances
Built In Oven, Dryer, Dishwasher, Gas Range, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bidet, Built In Features, Bedroom On Main Level, Bathtub, Dual Sinks, First Floor Entry, High Ceilings, Kitchen Island, Main Level Primary, Separate Shower
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1952
Lot size
9,000 sq ft
Architectural style
Contemporary Modern, Detached, One Story
Roof
Flat
Construction
CBSConcrete Block Structure, Block
Exterior features
Fence, Security High Impact Doors, Lighting
Pool
Concrete, In Ground, Pool
Waterfront
Canal Access, Canal Front, Fixed Bridge, Seawall
View
Canal

Parking

Garage spaces
0
Covered spaces
0
Parking features
Circular Driveway, Driveway, Paver Block, On Street

HOA, Community & Financials

Security
Gated Community
Pets allowed
No, Yes
Annual tax
$23,352
Subdivision
BISCAYNE POINT
County
Miami-Dade
Days on market
218
MLS listing ID
A11976677
Listing status
Active

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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

-$9,866

Cap rate
3.0%
Net yield
3.0%
Cash-on-cash return
-9.6%
Gross yield
4.7%
Mortgage payment
$20,858/mo
Down payment
$1,100,000
Loan amount
$3,300,000
Annual NOI
$131,910

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