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Listed
Exceptional waterfront opportunity on desirable Island No. 5 in the guard-gated Islands of Keystone Point. Ideally situated close to Biscayne Bay and surrounded by established waterfront homes, this remodeled 5-bedroom, 4.5-bath residence offers 3,220 SF of living space and 78 feet of ocean-access waterfront, with no-fixed-bridges to the bay. The home features an updated kitchen, distinct living and dining areas, and two primary suites offering flexibility for family and guests. Significant improvements include a 2023 tile and flat roof, 2022 impact windows, updated electrical and plumbing, and replacement of original underground cast-iron sewer piping with PVC—a substantial upgrade for a home of this age. Outdoors, enjoy a private pool and custom pergola in a tranquil waterfront setting. Located on a quiet, tree-lined cul-de-sac, this property combines a desirable Keystone Point location, boating access and important infrastructure improvements.
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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.
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.
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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