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Waterfront · Condominium
$1,995,000$744 / sqft
187/4 N Shore Dr # 4, Miami Beach FL 33141
Listed
4
Bedrooms
5
Bathrooms
2,682 sqft
Interior
2006
Year built
$857 / mo
HOA
Condominium
Type
About this home
Rare waterfront living in the prestigious, boutique gated enclave of Avanti on coveted Normandy Island. Spanning 4 expansive levels, this 4-bedroom, 4.5-bathroom waterfront townhouse delivers the ultimate coastal lifestyle with sweeping water and open bay views. Fully remodeled one year ago with designer finishes throughout, the home also features a brand-new roof for absolute peace of mind. Sun-drenched interiors showcase an open-concept layout framing tranquil water vistas. The chef’s kitchen is equipped with custom cabinetry, premium appliances, and a central island built for entertaining. All bedrooms are en-suite, headlined by a lavish top-floor primary retreat offering private panoramic bay vistas. Boaters will appreciate the ability to rent a dock on-site, providing effortless access to Biscayne Bay and the Atlantic Ocean. Situated in one of Miami Beach’s most vibrant, rapidly emerging island enclaves, Avanti places you just moments from Normandy Shores Golf Club, neighborhood parks, and tennis courts, and minutes to Atlantic beaches, dining, and shops.
Features
- First Floor Entry
- Open Balcony
- Bay
- Intracoastal View
- Water View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- No Daily Rentals
- Ok To Lease
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 4-bed rentals in Miami Beach, from 13 active listings; the middle half ask $35,000–$55,000.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.