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Waterfront · Single Family Residence
$45,000,000$5,362 / sqft
217 E Rivo Alto Dr, Miami Beach FL 33139
Listed
6
Bedrooms
7
Bathrooms
8,393 sqft
Interior
2026
Year built
None
HOA
Single Family Residence
Type
About this home
An exceptional waterfront estate on Rivo Alto Island, elevated 14.6 feet above sea level and conceived by one of South Florida’s leading luxury builders. Designed with an uncompromising focus on architecture and craftsmanship, the residence features interiors by Dunagan & Diverio, exquisite Ivory marble, French oak flooring and Boffi millwork throughout. The 11.6-foot salon is framed by floor-to-ceiling, high-efficiency glass, opening to commanding eastern bay views, with an elegant bar and dedicated waterfront lounge. A refined chef’s kitchen anchors the entertaining spaces, while the southeast-facing primary suite offers a private terrace, spa-inspired bath and expansive dressing room. Four additional ensuite bedrooms, a guest pavilion, theater, elevator, upstairs sitting room and advanced home automation complete the interiors. Outside, a mosaic infinity pool and spa frame the waterfront, complemented by a full summer kitchen and cabana bath. The private dock features a lift and 90 feet of water frontage with room for a large vessel. A dramatic rooftop captures 360-degree views, while more than 4,000 SF of understory provides two separate driveways, two air-conditioned garages, two carports and parking for 10+ vehicles. Minutes from Sunset Harbour and Downtown Miami, this is a rare opportunity to own one of the Venetian Islands’ most significant new waterfront residences.
Features
- Bar
- Cooking Island
- Elevator
- Walk-In Closet(s)
- Maid/In-Law Quarters
- Media Room
- Utility Room/Laundry
- Barbeque
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 6-bed rentals in Miami Beach, from 7 active listings; the middle half ask $45,000–$250,000.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.