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Waterfront · Single Family Residence
$5,950,000$1,545 / sqft
1131 Stillwater Dr, Miami Beach FL 33141
Listed
5
Bedrooms
4
Bathrooms
3,851 sqft
Interior
2002
Year built
None
HOA
Single Family Residence
Type
About this home
Luxurious Oceanfront Home Situated within an exclusive, 24-hour guard-gated peninsula that offers an unrivaled waterfront living experience on the Intracoastal Waterway, complete with breathtaking, unobstructed views of prestigious Indian Creek Island. Architecturally constructed in 2002 on elevated concrete pilings, this meticulously designed residence features a chef’s kitchen with custom wood cabinetry and industrial-grade appliances, seamlessly flowing into a spacious living and dining room with a built-in buffet serving station. The primary suite serves as a private sanctuary, boasting a dedicated balcony positioned perfectly to capture spectacular daily waterfront sunsets. Designed for seamless hosting, the outdoor entertaining space features a large covered patio and a summer bar with integrated stainless steel storage. Additionally, there's the fully tiled single-car garage lined with large custom cabinetry plus parking spaces for 4 cars in driveway. While there is currently no pool, the expansive yard offers incredible potential for a custom pool or redevelopment. Priced to SELL and Seller Motivated with Turn Key Convenience.
Features
- First Floor Entry
- Bar
- Built-in Features
- Cooking Island
- Entrance Foyer
- French Doors
- Laundry Tub
- Roman Tub
- Volume Ceilings
- Other
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 in Miami Beach, from 8 active listings; the middle half ask $32,000–$78,000.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.