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Waterfront · Single Family Residence
$24,850,000$3,061 / sqft
7101 NE 10th Ave, Miami FL 33138
Listed
6
Bedrooms
7
Bathrooms
8,118 sqft
Interior
2027
Year built
None
HOA
Single Family Residence
Type
About this home
Set on the original grounds of the historic Prescott Mansion, Villa Prescott is an exceptional new-construction waterfront estate that reinterprets one of Miami’s most storied residential sites for modern luxury living. Positioned directly on open Biscayne Bay, the home offers sweeping bay and downtown skyline views, blending architectural legacy with contemporary design. The residence sits on an oversized 13,140 SF bayfront parcel with 70 feet of water frontage, enhanced by a brand-new seawall and extended perpendicular 90+ foot dock. Raymond Jungles designed landscape with full-height understory creates a private, resort-style setting while maintaining a seamless connection to the water. Spanning 10,916 SF total, including 8,118 SF under air, and 1,293 SF of terraces, the home is designed for refined indoor-outdoor living. A dramatic two-story grand room anchors the residence, framed by expansive glass details that capture cinematic bay views throughout the day. An elevator provides effortless access between levels. The home features 6 bedrooms and 6.5 bathrooms, 3 covered parking spaces, and a layout that balances grand entertaining with private retreat. Elevated interior finishes include custom millwork, a wine refrigerator, natural stone finishes, and warm neutral palettes layered with meticulous detailing. Inquire for 3D development tour. All images are artist’s renderings provided for illustrative purposes.
Features
- Elevator
- Other
- Den/Library/Office
- Bay
- Garden
- Ocean
- Pool
Location
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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 6-bed rentals across Miami-Dade, from 55 active listings; the middle half ask $16,000–$48,000.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
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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.