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Listed
Spring Garden is the Miami most people don't know exists. Imagine shaded streets, a bend in the river, and a park at either end, all just 5 minutes from Downtown. This is one of the few homes inside the historic district to come to market genuinely move-in ready. Behind an electric gate and full perimeter fencing, the house opens into a sunlit, open-concept living, dining, and kitchen with new flooring throughout the main living areas, upgraded cabinetry, and stainless appliances. Both bathrooms were rebuilt with contemporary finishes. The layout flows out to professionally designed turf landscaping front and back, an entertainer's backyard that stays green year-round with zero upkeep, fully enclosed and private. The character is preserved. A permitted 200-amp electrical service upgrade, updated wiring devices throughout, and a tankless water heater mean this home lives and inspects like a newer one. Two neighborhood parks are close. Spring Garden Point Park sits on a peninsula jutting into the Miami River, with near-360-degree water views, picnic tables, kayak access, and manatees drifting past at dusk. Greenfield Garden Park anchors the other end of North River Drive. Then the city starts. Riverfront dining at Seaspice, Kiki on the River, and Bagatelle around the corner. Five minutes to Jackson Memorial, UM Miller School of Medicine, and the Health District. Seven to Brickell, Downtown, and Wynwood. Ten to MIA. Move-in ready, with immediate occupancy or leasing potential.
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 $3,200–$5,000.That is what landlords ask, not what units let for — edit it if you know better.
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.
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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