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Waterfront · Single Family Residence
$9,500,000$1,647 / sqft
1290 NE 83rd Street, Miami FL 33138
Listed
5
Bedrooms
5,768 sqft
Interior
1972
Year built
None
HOA
Single Family Residence
Type
About this home
PRIME BAYFRONT LIVING in this contemporary 5,768 SF residence on a gated 27,000 SF Southeast Point Lot with 285 FT of premium waterfrontage - 150 FT directly on Biscayne Bay plus 135 FT of protected side canal dockage with dock & boat lifts. Wide open bay views from every room, skylit interiors, and seamless indoor-outdoor flow to a covered porch, infinity edge pool & expansive terrace. The 1,240 SF primary retreat and three en-suite guest rooms each offer private outdoor access plus there is an office and a fifth en-suite bedroom. Quiet cul-de-sac location with quick access to top schools, major venues, the Design District, beaches, and the airport. A rare waterfront estate offering protected dockage and the kind of long term value only a premier Miami shoreline can deliver. Biscayne Bay frontage | Impact windows & Sliders | Limestone and 24" Porcelain tile floors | Primary Bathroom - Wet room, double sinks | Bedroom #2 (also possible primary) Bathroom Wet room, double sinks | Outdoor cabana full bathroom with shower | Pool decking 1500 SF | Alarm System | 2006 Roof Concrete tile gable roof | 3 HVAC units | Two 175 AMP GE Main Breakers | 200 AMP Sieman Main disconnect on Exterior | Outdoor Storage room | 33 ft dock | Two 10,000 lb boat lifts | Crawl Space access for approximately 1/2 of the house | Room for expansion | One of the two cul-de-sac point lots (SE point a total of two lots 19,375 SF + 7623 SF= 27,000 SF
Features
- Cooking Island
- Entrance Foyer
- Laundry Tub
- Skylight
- Split Bedroom
- 3 Bedroom Split
- Vaulted Ceiling(s)
- Volume Ceilings
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 $4,999–$19,750.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.