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Single Family Residence
$899,000$450 / sqft
16362 SW 53rd Ter, Miami FL 33185
Listed
5
Bedrooms
3
Bathrooms
1,997 sqft
Interior
2004
Year built
None
HOA
Single Family Residence
Type
About this home
NO HOA!! RARE OPPORTUNITY IN MILLER COVE Homes in Miller Cove rarely come to market. Enjoy the charm of an established residential community with the added advantage of NO HOA fees or restrictions. If you are an investor this house has a potential to rent on different traveling sites with an estimated booking projection of around $100,000 a year.!! -5 bedrooms, 3 bathrooms, and approximately 2,434 sq. ft. of living area, including a newly added game room completed with CITY PERMITS. Designed for entertaining, the game room features a large wet bar and private full bathroom, while offering the flexibility to also serve as a guest retreat, home office, or potential in-law quarters. Inside, soaring ceilings, elegant porcelain flooring, and contemporary upgrades create a bright and sophisticated atmosphere. The generous primary has custom-built brown wood closets, providing both style and excellent storage. The kitchen is completely remodeled and modern. This beautiful home sits on a great lot with excellent curb appeal and plenty of outdoor space. The backyard features attractive tiled areas, creating a clean, low-maintenance setting perfect for entertaining or simply enjoying the South Florida lifestyle. A hard-to-find combination in Miller Cove: single-story living, extensive remodeling, permitted additional space, 2,434 sq. ft. of living area — and NO HOA. Make this exceptional home yours now!! Don't let this opportunity off your hands.
Features
- First Floor Entry
- Den/Library/Office
- Family Room
- Garage Converted
- Separate Guest/In-Law Quarters
- Fruit Trees
- None
Leasing
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 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.
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.