Cays Realty
1081 W 48th St N01, Miami Beach, FL 33140 — MLS photo

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1081 W 48th St N01, Miami Beach, FL 33140

Active · Villa

$7,999,000

1081 W 48th St N01, Miami Beach, FL 33140

Beds
4
Baths
5
Living area
4,168 sq ft
$ / sq ft
$1,919/sq ft
Year built
2022
Lot size
—
HOA fee
$9,269 Monthly
Annual tax
$114,711

About this property

This one-of-a-kind, two-story waterfront villa, designed by Piero Lissoni & Ralph Choeff, combines modern tropical living with The Ritz-Carlton’s exceptional services. The contemporary design includes Georgette Limestone and wood floors, Boffi cabinetry, Gaggenau appliances with a gas range, Ipe hardwood decking, Fantini faucets, and a whole-house gas generator. Situated on Surprise Lake with private dock access to Biscayne Bay, the Intracoastal Waterway, and the Atlantic Ocean, it offers privacy while enjoying world-class amenities and services. Owners also have access to the main condominium building’s amenities and restaurant.

Property location

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1081 W 48th St N01, Miami Beach, FL 33140

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Facts & features

Interior

Bedrooms
4
Bathrooms
5
Living area
4,168 sq ft
Flooring
Hardwood, Other, Wood
Appliances
Some Gas Appliances, Built In Oven, Dryer, Dishwasher, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Wine Cooler, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bidet, Built In Features, Bedroom On Main Level, Breakfast Area, Bathtub, Closet Cabinetry, Dining Area, Separate Formal Dining Room, Dual Sinks, Entrance Foyer, First Floor Entry, Kitchen Island, Main Living Area Entry Level, Split Bedrooms, Separate Shower, Upper Level Primary, Walk In Closets
Furnished
Furnished

Exterior & Structure

Property type
Villa
Year built
2022
Stories
2
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Fence, Security High Impact Doors
Pool
Association, Heated
Waterfront
Canal Access
View
Bay, Canal, Lake

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Attached, Garage, Two Or More Spaces, Valet

HOA, Community & Financials

Association fee
$9,269 Monthly
Fee inclusions
Association Management, Amenities, Insurance, Maintenance Grounds, Pools, Security
Amenities
Billiard Room, Bike Storage, Fitness Center, Pool, Sauna, Spa Hot Tub
Security
Security System, Complex Fenced, Security Guard
Pets allowed
Size Limit, Yes
Annual tax
$114,711
Subdivision
4701 NORTH MERIDIAN CONDO
County
Miami-Dade
Days on market
118
MLS listing ID
A12010381
Listing status
Active

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

Estimated monthly cash flow

-$34,864

Cap rate
0.5%
Net yield
0.5%
Cash-on-cash return
-18.7%
Gross yield
4.4%
Mortgage payment
$37,919/mo
Down payment
$1,999,750
Loan amount
$5,999,250
Annual NOI
$36,668

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