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Waterfront · Single Family Residence
$3,499,000$1,207 / sqft
1028 NE 84th St, Miami FL 33138
Listed
4
Bedrooms
3
Bathrooms
2,898 sqft
Interior
1924
Year built
None
HOA
Single Family Residence
Type
About this home
Gated Mediterranean resort-style home in Miami. Set on an oversized 13,248 SF waterfront lot with 72 feet of water frontage and no fixed bridges, this private Mediterranean sanctuary is surrounded by lush, exotic gardens throughout the property, offering absolute privacy and serene waterfront tranquility. The 3-bedroom main house features two spacious living rooms, a classic Mediterranean-style kitchen, Spanish terracotta flooring, arched French doors, and exposed wood-beam ceilings. The detached guest house offers a modern kitchen and full bathroom, with direct access to the pool, an outdoor summer kitchen, and a storage shed. Everywhere you look, the property is surrounded by lush, exotic landscaping and Mediterranean-inspired architecture, while enjoying all the comforts of a completely renovated home, a combination that is incredibly rare to find in Miami. This home was previously used short-term rental and was highly successful on Airbnb, offering an attractive income opportunity in addition to an exceptional lifestyle. (Minimum 30 day lease legally allowed without licensing needed per Zoning ). The property also features a boat lift, and the boat can be negotiated as part of the sale. Easy to show! Actual living sqft is 2898.
Features
- First Floor Entry
- Barbeque
- Built-In Grill
- Lighting
- Fruit Trees
- Canal
- Garden
- Water
Location
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 across Miami-Dade, from 200 active listings; the middle half ask $3,900–$9,700.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.