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Perched at the top of the ultra-exclusive Aqua at Allison Island, this premier waterfront corner PH offers a lifestyle defined by privacy and panoramic views. This home feels like a sanctuary in the sky, capturing an ever-changing tapestry of views that sweep across the Atlantic Ocean, Biscayne Bay and the iconic Miami Skyline as the sun dips below the horizon. The experience begins behind grand double doors, opening into a voluminous great room where soaring ceilings, elegant white oak wood floors, and floor-to-ceiling glass invite an abundance of natural light. The airy, sophisticated brand-new kitchen serves as a sleek centerpiece for entertaining, while every spacious bedroom offers its own private water view. This mansion in the sky offers multiple balconies throughout, all with scenic views of the ocean and intracoastal. This sprawling outdoor oasis, complete with its own infinity edge jacuzzi, provides a breathtaking 270-degree vantage point, the perfect setting for starlit evenings or quiet mornings above the world. Living on Aqua Island means total immersion in a private guard-gated enclave. Residents enjoy a suite of white-glove amenities, including a dedicated concierge, a state-of-the-art fitness and wellness center, two swimming pools, an Island Caffe and much more. Located just a block from the pristine sands and the boardwalk, and moments from the world-class boutiques of Bal Harbour Shops, this is the definitive Miami Penthouse experience.
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 10 active listings; the middle half ask $45,000–$60,000.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.
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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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