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1051 NE 89th St, Miami FL 33138
About this home
Experience exceptional waterfront living in this impressive 6,200+ sq ft estate, perfectly positioned on a sprawling 17,000+ sq ft corner lot with approximately 70 feet of canal frontage, a private dock, and no fixed bridges to Biscayne Bay and the Atlantic Ocean. Designed for those who appreciate space, privacy, and the boating lifestyle, the home features 7 bedrooms, 5 full baths, and 2 half baths, expansive living and entertaining areas, a resort-style pool surrounded by lush tropical landscaping, and a private theater. The luxurious primary suite is its own private retreat with a dedicated office, dual walk-in closets, two spa-inspired baths, and direct access to the pool and waterfront. A dramatic foyer with terrazzo floors, a fireplace, and an elegant staircase creates a memorable first impression, while the flexible floor plan offers 4 bedrooms on the main level and 3 upstairs. Currently licensed for short-term rentals with a proven performance history, this property offers a rare combination of luxury living, boating access, and income potential. Explore the immersive 3D Matterport tour and cinematic drone video to fully appreciate everything this exceptional waterfront estate has to offer. Images may be virtually staged and/or digitally enhanced (including furniture, colors, fixtures, landscaping, and décor) for illustrative purposes only.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Entrance Foyer
- Walk-In Closet(s)
- Den/Library/Office
- Family Room
- Florida Room
- Loft
- Recreation Room
- Utility/Laundry In Garage
- Canal
- Pool
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $28,817
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.