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Introducing one of North Bay Island's newest completed spec homes, now fully finished and move-in ready. Located in a Miami Beach zip code and within one of Miami's most desirable gated island communities, this contemporary residence offers 4,410 square feet of thoughtfully designed living space with five bedrooms, five full bathrooms, and one half bath. From the moment you enter, the home feels bright, open, and connected to the outdoors. Vaulted Floor-to-ceiling glass fills the interiors with natural light while creating a seamless flow to the private pool and outdoor living spaces, perfect for entertaining or everyday living. Clean architectural lines, warm modern finishes, and an effortless layout create a home that feels both sophisticated and inviting. At the heart of the home, the chef's kitchen features a striking waterfall island, custom cabinetry, premium appliances, and generous space for gathering. The primary suite offers a true retreat, complete with a spa-inspired bathroom, spacious walk-in closets, and a private oversized balcony overlooking the property. Set on the exclusive gated enclave of North Bay Island, residents enjoy the privacy of island living just minutes from Miami Beach, Bal Harbour, the Design District, and Downtown Miami. This is your opportunity to own a brand-new, move-in ready luxury home in one of Miami's most sought-after waterfront communities.
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 $5,000–$20,000.That is what landlords ask, not what units let for — edit it if you know better.
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.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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