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Waterfront · Single Family Residence
$3,100,000$464 / sqft
1861 NW 115th St, Miami FL 33167
Listed
6
Bedrooms
3
Bathrooms
6,682 sqft
Interior
1971
Year built
None
HOA
Single Family Residence
Type
About this home
Welcome to your ultimate Miami cash-flow playground. This is not just a house - it’s a fully loaded, fun-filled waterfront investment machine in the Lake View Estates area of Miami. Spanning a spacious ~6,682 sq ft on a generous 0.34-acre lot with no HOA, this 6-bedroom property was remodeled into a high-energy entertainer’s dream that guests (and your bank account) will love. Picture water views from the living areas and master suite, kayak-navigable waters with a private mini-island vibe right outside, and a salt-water heated pool complete with jets, lights, and a Jacuzzi for year-round Florida fun. Inside, you’ll find amenities that make stays a unique experience: a gym, movie theater, disco room, massage room, wall-mounted wine rack, and plenty of space to host groups. Add a 2-car garage, outdoor patio/BBQ areas, and the flexible layout that works beautifully for short-term rentals or multi-family living. Fully furnished
Features
- First Floor Entry
- Second Floor Entry
- Family Room
- Other
- Recreation Room
- Utility Room/Laundry
- Open Balcony
- Lake
Location
Approximate — shows the building, not the unit.
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 6-bed rentals across Miami-Dade, from 55 active listings; the middle half ask $16,000–$49,900.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.