1951 NE 187th Dr, North Miami Beach, FL 33179 — MLS photo

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1951 NE 187th Dr, North Miami Beach, FL 33179

Active · SingleFamilyResidence

$1,499,000

1951 NE 187th Dr, North Miami Beach, FL 33179

Beds
4
Baths
3
Living area
2,052 sq ft
$ / sq ft
$731/sq ft
Year built
1957
Lot size
10,835 sq ft
HOA fee
—
Annual tax
$23,000

About this property

PRIME OPPORTUNITY IN SKYLAKE! COMING SOON: Brand new DRIVEWAY — project scheduled to be completed on the property. $1,499,000 Stunning 4BD/3BA home in one of Skylake's most desirable neighborhoods, sitting on the LARGEST LOT in the area. Perfect for a family, an investor, or both. WHAT MAKES IT SPECIAL: • 4 bedrooms / 3 bathrooms • Mother-in-law suite with INDEPENDENT ENTRANCE — ideal for extra income, Airbnb, or integrate it into the main house • Biggest lot in the neighborhood • Beautiful pool area • Solid CBS construction • NEW roof • Sprinkler system installed • Tile floors throughout UNBEATABLE LOCATION: Minutes from highways, shopping, dining, and beaches. Everything you need, right around the corner. 24hr notice required. This gem won't last long!

Property location

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1951 NE 187th Dr, North Miami Beach, FL 33179

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Facts & features

Interior

Bedrooms
4
Bathrooms
3
Living area
2,052 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Water Heater, Ice Maker, Other, Refrigerator, Washer
Heating
Electric
Interior features
Bedroom On Main Level, First Floor Entry, Air Filtration

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1957
Lot size
10,835 sq ft
Architectural style
One Story
Roof
Shingle
Construction
Block
Exterior features
Security High Impact Doors
Pool
Above Ground, Pool
View
Pool

Parking

Garage spaces
2
Covered spaces
2
Parking features
Driveway, Garage Door Opener

HOA, Community & Financials

Annual tax
$23,000
Subdivision
SKY LAKE
County
Miami-Dade
Days on market
17
MLS listing ID
A12003905
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

-$2,863

Cap rate
3.4%
Net yield
3.4%
Cash-on-cash return
-8.2%
Gross yield
6.3%
Mortgage payment
$7,106/mo
Down payment
$374,750
Loan amount
$1,124,250
Annual NOI
$50,920

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