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Waterfront · Condominium
$985,000$548 / sqft
3131 NE 188th St # 1107, Aventura FL 33180
Listed
3
Bedrooms
3
Bathrooms
1,798 sqft
Interior
2007
Year built
None
HOA
Condominium
Type
About this home
Rarely available lower penthouse corner residence in the heart of Aventura — a layout that has not hit the market in many years. Enjoy breathtaking ocean and bay views from two expansive wraparound terraces. This 3BD + den, 2.5BA home features cappuccino marble floors, a fully renovated European kitchen with granite countertops perfect for any chef, and a stunning spa-like renovated primary bath. Spacious walk-in closets and two covered parking spaces included. Resort-style amenities: waterfront fitness center, pools, marina, sauna & more. Truly one of a kind!
Features
- First Floor Entry
- Cooking Island
- Pantry
- Barbeque
- Open Balcony
- Bay
- Canal
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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.
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 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,900–$11,500.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.