1161 NE 86th St, Miami, FL 33138 — MLS photo

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1161 NE 86th St, Miami, FL 33138

Active · SingleFamilyResidence

$2,650,000

1161 NE 86th St, Miami, FL 33138

Beds
3
Baths
3
Living area
1,903 sq ft
$ / sq ft
$1,393/sq ft
Year built
1950
Lot size
7,800 sq ft
HOA fee
—
Annual tax
$4,091

About this property

Motivated Seller! Priced to sell. Exceptional waterfront opportunity on one of the most beautiful Palm tree-lined streets in the exclusive Davis Harbor in desirable Miami's Upper East Side. This prime property offers 75 feet of water frontage on a wide, deep canal just moments from the open bay, with direct ocean access and no fixed bridges—a dream setting for boating enthusiasts. Major waterfront improvements have already been completed, including a newer seawall with upgraded erosion protection, jet filters, and a brand-new dock (2024), providing tremendous long-term value. The home is being sold AS IS. The house already have high impact proof windows and doors including garage doors, instant hot water heater, new roof (2024) and EV charger (2023). House was settled but approximately 70% of the foundation has already been secured, allowing the next owner to continue the renovation or take advantage of this incredible lot to design and build a spectacular custom waterfront estate. Whether you envision restoring the existing residence or creating your dream home from the ground up, the possibilities are exceptional. Ideally located less than 20 minutes from Downtown Miami, Aventura, and Miami International Airport, and only 10 minutes from the Design District and Wynwood, this rare waterfront property combines an outstanding location, premium boating access, and unlimited potential.

Property location

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1161 NE 86th St, Miami, FL 33138

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,903 sq ft
Flooring
Laminate
Appliances
Built In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Ceiling Fans, Electric
Heating
Central, Electric
Interior features
French Doors Atrium Doors, First Floor Entry, Living Dining Room, Main Level Primary, Split Bedrooms, Separate Shower, Walk In Closets

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1950
Lot size
7,800 sq ft
Architectural style
Detached, One Story
Roof
Barrel, Composition
Construction
Block
Exterior features
Lighting, Security High Impact Doors
Pool
In Ground, Pool
Waterfront
Canal Access, Canal Front
View
Canal

Parking

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

HOA, Community & Financials

Pets allowed
No, Yes
Annual tax
$4,091
Subdivision
DAVIS HARBOR
County
Miami-Dade
Days on market
138
MLS listing ID
A12029835
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

-$4,807

Cap rate
3.5%
Net yield
3.5%
Cash-on-cash return
-7.8%
Gross yield
4.9%
Mortgage payment
$12,562/mo
Down payment
$662,500
Loan amount
$1,987,500
Annual NOI
$93,059

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