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Waterfront · Single Family Residence
$7,100,000$1,737 / sqft
3499 N Prospect Dr, Miami FL 33133
Listed
5
Bedrooms
4
Bathrooms
4,088 sqft
Interior
1976
Year built
None
HOA
Single Family Residence
Type
About this home
Nestled within the exclusive Coral Gables Waterway enclave, this striking three-story modern waterfront residence offers 7,097 SF of total area, 5 bedrooms and 4 full bathrooms on 68 feet of direct waterfrontage with bay and ocean views and direct ocean access. The bold cubist architecture, floor-to-ceiling glass, marble flooring throughout, motorized window shades, and recessed lighting create an atmosphere of sophisticated, understated elegance. The custom kitchen impresses with dark wood veneer cabinetry, marble countertops, a separate pantry, and a full Miele and Sub-Zero appliance suite. The third-floor primary suite features a private water-view balcony, generous walk-in closets, and a well-appointed bath with dual vanities, built-in soaking tub, separate shower, and private water closet. The flexible three-level layout offers five bedrooms and four bathrooms: a ground-floor guest suite with direct pool and waterfront access, two bedrooms on the second floor, and the primary suite plus an additional bedroom on the third floor. Approximately six covered parking spaces, a swimming pool, expansive waterfront terraces, and a 15-ft dock complete this exceptional offering — just minutes from top-rated schools, and the best of Coral Gables living.
Features
- First Floor Entry
- Closet Cabinetry
- Other
- Pantry
- Volume Ceilings
- Walk-In Closet(s)
- Utility Room/Laundry
- Bay
- Ocean
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 in Coconut Grove, from 7 active listings; the middle half ask $16,000–$38,000.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.