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Listed
In a guard-gated waterfront enclave of Aqua at Allison Island, Residence 702 at Spear presents sophisticated living in Miami Beach -serene, spacious, and effortlessly refined. Spanning 1,755 square feet, this well proportioned 2-bed, 2.5-bath residence is filled with natural light and offers an exceptional sense of space. A living and dining room that look out over the waters of Biscayne Bay plus a separate breakfast nook for casual meals, creates a flow for entertaining and everyday living. The ceiling to floor wall of glass slider doors extend living seamlessly to the outdoors- embracing the relaxed indoor-outdoor lifestyle that defines Miami. The primary suite offers a peaceful retreat, while the second bedroom has privacy and versatility for guests, family, or a beautifully appointed home office. Aqua offers the intimacy and tranquility of a private island community paired with exceptional amenities and effortless access to the best of the city. Lush tropical landscaping, waterfront surroundings, and striking architecture create a secluded residential experience just moments from the beach, and Miami Beach’s dining and shopping. Walk to the beach or stay on the island to enjoy the resort size pool overlooking Biscayne Bay, the expansive gym, onsite artisan market and cafe and resident boat slips. This is an opportunity to experience the sophisticated side of Miami Beach from one of its most distinctive waterfront communities.
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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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