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Waterfront · Single Family Residence
$5,250,000$1,456 / sqft
1932 NE 118th Rd, North Miami FL 33181
Listed
5
Bedrooms
4
Bathrooms
3,605 sqft
Interior
2013
Year built
None
HOA
Single Family Residence
Type
About this home
This spectacular two story, waterfront home is located on a wide canal, just 5 houses from the open bay. Nestled in the exclusive gated community of San Souci Estates, this modern 5-bedroom home features an open floor plan with high ceilings and beautiful finishes. The chef's kitchen boasts stone counters and top to the line Wolf and Sub-Zero appliances. The great room is bathed in light from the dramatic entrance with 24-foot vaulted ceilings. Out back is the perfect tropical setting with a huge pool, a beautiful dock and 75 feet of waterfront. The elevated covered terrace features a built-in summer kitchen and a perfect spot for outdoor dining. Back inside and up the dramatic staircase and unto the open balcony above, we find three generous bedrooms and a spacious primary suite with a wonderful marble shower and a soaking tub. Add to this a deep, air-conditioned, 2 car garage and you have the perfect family home for living, entertaining and memory making.
Features
- First Floor Entry
- Closet Cabinetry
- Split Bedroom
- Volume Ceilings
- Walk-In Closet(s)
- Attic
- Den/Library/Office
- Utility Room/Laundry
- Barbeque
- Built-In Grill
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 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.
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.