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Listed
Turn-key, fully furnished, and behind the gates of North Bay Island — a modern 4,700 SF residence with five en-suite bedrooms, soaring ceilings, an open floor plan, and a heated pool built for entertaining. Custom built-out closets, blackout drapery, and sleek finishes throughout. Move-in ready. Set on one of Miami's most anticipated emerging islands — North Bay Village is undergoing a remarkable transformation, with new luxury towers, waterfront dining, and revitalized public spaces reshaping the area. A rare opportunity to own ground floor on a gated island in a neighborhood on the rise. Just 20 minutes from MIA, 15 from Downtown Miami, and 12 from top-rated private schools. Bal Harbour Shops, Miami Beach dining, and the ocean within easy reach. Two-car garage included.
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.
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.
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.
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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