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Waterfront · Single Family Residence
$5,648,000$1,433 / sqft
1490 Cleveland Rd, Miami Beach FL 33141
Listed
5
Bedrooms
6
Bathrooms
3,941 sqft
Interior
2002
Year built
None
HOA
Single Family Residence
Type
About this home
Welcome home to this Mediterranean charmer tucked away on a beautiful tree-lined street in the gated community of Biscayne Point. Freshly painted and filled with natural light, this spacious waterfront residence offers 5 bedrooms and 5.5 bathrooms with an inviting layout designed for both comfortable living and entertaining. The dramatic double-height ceilings create an impressive sense of space the moment you enter, while newly installed impact windows and doors bring in abundant light and offer added peace of mind. Generous living areas flow effortlessly toward the outdoors, where a heated pool, expansive patio and private waterfront setting capture the best of the Miami Beach lifestyle. Boating enthusiasts will appreciate the direct water access and private boat lift. Additional features include a whole-house generator, two-car garage and ample driveway parking. A wonderful opportunity to enjoy the charm of a Mediterranean home, the privacy of a gated neighborhood and true waterfront living, all just minutes from the beach, dining, shopping and everything Miami Beach has to offer. Kitchen updating in progress. Updated pictures available upon completion. Contact Listing agent to schedule a private showing.
Features
- First Floor Entry
- Other
- Outdoor Shower
- Water
Leasing
- Minimum lease
- Not stated
- Ok To Lease
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.
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 5-bed rentals in Miami Beach, from 13 active listings; the middle half ask $19,000–$55,000.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.