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Waterfront · Condominium
$6,630,000$1,501 / sqft
5500 Island Estates Dr # 1506, Aventura FL 33160
Listed
5
Bedrooms
7
Bathrooms
4,417 sqft
Interior
2017
Year built
$9,856 / mo
HOA
Condominium
Type
About this home
Crowning Aventura’s most exclusive private island enclave, THIS IS THE ONLY DESIGNER-READY PH AVAILABLE FOR SALE AT PRIVE at Island Estates; an exceptionally rare offering and the final opportunity to secure a customizable 2 story sky estate within this ultra-private waterfront sanctuary. Reserved for the most discerning buyer this residence presents a blank architectural canvas poised to become a bespoke legacy home in one of South Florida’s most secure and prestigious addresses.This extraordinary PH is delivered in designer-ready condition, allowing a visionary owner to curate every finish and detail to exact standards. A dramatic 15 foot ceilings in both levels creates a remarkable volume and architectural drama throughout. Floor-to-ceiling glass frame unobstructed views of the Atlantic Ocean,Intracoastal Waterway and the city skyline, filling the interiors with natural light and breathtaking views from sunrise to sunset.The expansive wraparound terrace with over 3,200 SF transforms outdoor living into a private resort experience. A 24-foot private pool overlooks the water complemented by a summer kitchen designed for effortless al fresco dining and entertaining. The seamless indoor-outdoor flow offers an exceptional setting for hosting at scale while preserving absolute privacy.Designed for those who value privacy, security, and the ability to shape a legacy home from a blank canvas, this is one of the last remaining opportunities in Aventura—featuring refined renderings and bespoke interior concepts by acclaimed designer Fanny Haim & Associates.
Features
- First Floor Entry
- Second Floor Entry
- Cooking Island
- Split Bedroom
- Walk-In Closet(s)
- Den/Library/Office
- Family Room
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 27 active listings; the middle half ask $24,500–$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.