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Waterfront · Single Family Residence
$5,248,000$1,154 / sqft
3520 Rockerman Rd, Miami FL 33133
Listed
4
Bedrooms
5
Bathrooms
4,546 sqft
Interior
1987
Year built
None
HOA
Single Family Residence
Type
About this home
Rare opportunity to own a prime Coconut Grove waterfront home with direct bay access and no bridges to the bay. Located on a coveted lot with water (60' private seawall), this one-of-a-kind 4-bedroom, 4.5-bath + den/loft residence offers the best of Grove living just steps from downtown Coconut Grove and adjacent to Kennedy Park. The home features soaring vaulted ceilings with exposed beams, a bright open layout, a large chef’s kitchen, and a spacious dining room designed for effortless entertaining. The private primary suite spans its own level and includes a dedicated office, library, or additional lounge space, as well as a private rooftop terrace. Complete with a saltwater soaking pool and set on a 6,420 sf lot, this is a truly special waterfront property in one of Miami’s most sought-after neighborhoods.
Features
- Closet Cabinetry
- Cooking Island
- Pantry
- Vaulted Ceiling(s)
- Walk-In Closet(s)
- Den/Library/Office
- Loft
- Utility Room/Laundry
- Lighting
- Fruit Trees
- Open Balcony
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 Coconut Grove, from 9 active listings; the middle half ask $14,000–$19,950.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.