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Waterfront · Condominium
$1,679,000$781 / sqft
201 Aqua Ave, Miami Beach FL 33141
Listed
2
Bedrooms
4
Bathrooms
2,149 sqft
Interior
2004
Year built
$5,108 / mo
HOA
Condominium
Type
About this home
Rare penthouse living at Aqua, one of Miami Beach’s most coveted private island communities. PH4 offers a unique combination of privacy, scale, and spectacular views, with expansive water and city vistas throughout the residence. The first level features **two oversized bedrooms, each with an en-suite bathroom**, along with an open kitchen with a breakfast nook and a gracious living area designed to take full advantage of the surrounding views. Upstairs, a flexible office space offers the option to create an additional bedroom, complemented by a full bathroom on the same level. From there, step out onto the penthouse’s true showpiece: its exclusive private rooftop terrace. This one-of-a-kind outdoor retreat offers sweeping 360 degree views across the Miami Beach skyline and all the way to Downtown Miami. Whether entertaining against the backdrop of the city lights, enjoying sunset cocktails, or simply relaxing above it all, the private rooftop delivers an experience rarely found in Miami Beach condo living. Set within the gated Aqua community, residents enjoy an exceptional collection of amenities, including two swimming pools, a fully equipped fitness center and spa, BBQ areas, and a resident lounge, all within a private island setting.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Fire Sprinklers
- Pantry
- Split Bedroom
- Walk-In Closet(s)
- Barbeque
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 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.
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.