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Single Family Residence
$2,599,000$843 / sqft
31 NE 51st St, Miami FL 33137
Listed
6
Bedrooms
5
Bathrooms
3,082 sqft
Interior
2022
Year built
None
HOA
Single Family Residence
Type
About this home
Prominently located in East Buena Vista, this 6 bed, 5 bath home is anchored by its 2 bed guest house, resort style pool, and a fully customized, covered outdoor entertaining space. Inside, the soaring ceilings and oversized living spaces create an open, airy feel, with a direct sunlight pouring in from every direction. The kitchen is finished with dramatic stone surfaces, integrated high-end appliances, and a large island. The built-in wine cellar beneath the stairs adds a custom touch for a collector. Upstairs, the oversized primary suite has a large walk-in closet and a spa-inspired bathroom overlooking the pool. The backyard is designed for entertaining. The covered pavilion is complete with a full kitchen, bar seating, dining, and lounge areas. The detached two-bedroom guest house includes its own living area and full kitchen, giving the property added flexibility for friends, family, or guests.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Volume Ceilings
- Wet Bar
- Separate Guest/In-Law Quarters
- Other
- Lighting
- Outdoor Shower
- Pool
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 6-bed rentals across Miami-Dade, from 55 active listings; the middle half ask $16,000–$49,900.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.