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Waterfront · Townhouse
$1,990,000$878 / sqft
39 N Shore Dr, Miami Beach FL 33141
Listed
3
Bedrooms
4
Bathrooms
2,266 sqft
Interior
2019
Year built
$695 / mo
HOA
Townhouse
Type
About this home
Stunning waterfront Townhouse at Iris on the Bay, a gated community in Normandy Isle in Miami Beach. Unique loft-style corner unit, 3 bedrooms and 3.5 bathrooms w/water views throughout. Built in 2019, this home is ready to move in! A total of 2,626 SF of indoor & outdoor space w/private elevator. The 18ft ceilings give the entry and living room space a WOW effect. Gourmet kitchen w/custom cabinets & pantry, Subzero and Wolf appliances. Secondary suite features 10 ft ceilings and impressive walking Closet. Primary suite opens to a private roof top terrace with incredible water views. Impact windows & doors, electric blinds, custom closets. 2 car garage with plenty of custom storage cabinetry and electric car terminal. Across from Fairway Park w/tennis & Golf. Walk to Beach & restaurants. Low HOA fees. Possibility to rent a boat slips from other owners. A true gem!
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Custom Mirrors
- Elevator
- Fire Sprinklers
- Pantry
- Walk-In Closet(s)
- East Of Us1
- Bay
- Water View
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 $2,600–$3,300.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.