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Waterfront · Condominium
$4,189,000$1,305 / sqft
201 Aqua Ave # 801, Miami Beach FL 33141
Listed
3
Bedrooms
4
Bathrooms
3,211 sqft
Interior
2004
Year built
$7,369 / mo
HOA
Condominium
Type
About this home
Experience the pinnacle of island living in this rare lower penthouse at the Chatham at AQUA. Set within the gated 8.5-acre sanctuary of Allison Island, this residence feels less like a condo and more like a private estate, defined by soaring 13-foot ceilings and walls of floor-to-ceiling glass that frame panoramic views of the Atlantic Ocean, Biscayne Bay, and the shimmering Miami skyline. The standout feature is the staggering 2,466 square feet of private, landscaped outdoor space spread across two expansive lanais. It is truly like having your own backyard in the sky—a lush, open-air retreat perfect for hosting dinner parties under the stars or lounging above the bay. Inside, the flow is effortless, featuring a custom chef’s kitchen with premium appliances, an elegant powder room, and an oversized laundry suite for ultimate convenience. Life at AQUA is defined by exclusivity and ease, offering 24-hour security, concierge services, and valet parking. Residents enjoy a full suite of amenities, including a fitness center, dedicated Pilates and movement studios, a lap pool, and a second resort-style pool. This pet-friendly island oasis is just moments from the beach and the Miami Beach Trail, blending total privacy with immediate access to the best of the coast. The residence also includes three assigned parking spaces.
Features
- Closet Cabinetry
- Cooking Island
- Fire Sprinklers
- Entrance Foyer
- Laundry Tub
- Volume Ceilings
- Utility Room/Laundry
- Open Balcony
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 in Miami Beach, from 103 active listings; the middle half ask $9,000–$38,000.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.