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Waterfront · Single Family Residence
$2,195,000$648 / sqft
1615 NE 196th Street, Miami FL 33179
Listed
5
Bedrooms
5
Bathrooms
3,385 sqft
Interior
2001
Year built
$1,301 / mo
HOA
Single Family Residence
Type
About this home
Located in the prestigious Presidential Estates, this stunning 5-bedroom, 4.5-bath residence has been completely renovated with the finest finishes and impeccable attention to detail. The home features a spectacular Miacucina gourmet kitchen, thoughtfully designed for both everyday living and elegant entertaining. Italian design elements elevate the interior, including custom closets, spa-inspired bathrooms, and sleek interior doors that create a cohesive, modern aesthetic throughout. Step outside to your private resort-style oasis. Enjoy a heated pool with a cascading waterfall and wet deck, perfect for relaxing or entertaining. The outdoor space is fully equipped with a built-in barbecue, refrigerator, and wet bar, making it ideal for gatherings year-round. A custom-built sound system seamlessly integrates throughout the interior and extends to the patio and pool area, delivering a premium audio experience inside and out. This exceptional property blends luxury, comfort, and sophisticated design in one of the area’s most desirable communities. Master Bedroom in ground floor.
Features
- First Floor Entry
- Cooking Island
- Volume Ceilings
- Walk-In Closet(s)
- Den/Library/Office
- Utility Room/Laundry
- Barbeque
- Built-In Grill
- Lighting
- Garden
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 5-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $5,000–$20,000.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.