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Waterfront · Single Family Residence
$4,900,000$2,375 / sqft
661 86th St, Miami Beach FL 33141
Listed
4
Bedrooms
3
Bathrooms
2,063 sqft
Interior
1950
Year built
None
HOA
Single Family Residence
Type
About this home
Experience the best of Miami Beach waterfront living in this beautifully renovated 4-bedroom, 3-bath home offering 50 feet of waterfront, direct ocean access and no fixed bridges. A bright, open floor plan connects the kitchen, dining and living areas, all overlooking the water. Step outside to a private tropical retreat featuring a heated pool recently resurfaced and retiled, Tiki hut, BBQ area and waterfront entertaining spaces. Recent upgrades include a new A/C system, tankless water heater, and new washer and dryer. Additional features include impact windows, lush tropical landscaping, a charming covered front porch and private driveway parking. Ideally located near the beach, Surfside, Bal Harbour and Indian Creek, the home offers an exceptional combination of boating, outdoor living and the relaxed Miami Beach lifestyle, surrounded by an evolving mix of luxury residences and new construction.
Features
- First Floor Entry
- Garage Converted
- Barbeque
- Bay
- Ocean
- Direct Ocean
- Pool
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 in Miami Beach, from 31 active listings; the middle half ask $13,000–$28,500.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.