All listings
Pending
Pending1 / 29
Photo 1 of 29
Waterfront · Single Family Residence
$2,700,000$969 / sqft
1860 Cleveland Rd, Miami Beach FL 33141
Listed
3
Bedrooms
3
Bathrooms
2,786 sqft
Interior
1953
Year built
None
HOA
Single Family Residence
Type
About this home
This charming waterfront property presents a rare opportunity for redevelopment on one of Miami Beach's most desirable guard-gated island communities. Whether renovating the existing residence or creating a spectacular new custom waterfront estate, this exceptional property offers endless potential in a premier location. Ideally positioned on a 9,000-square-foot lot along a picturesque waterway leading to Biscayne Bay, the home is just the third residence from the bridge connecting to the Western Point. The property features 60 feet of waterfront with ample space for a new private dock and offers convenient boating access with only one fixed bridge to the open waters of Biscayne Bay. Located in the highly sought-after (NOBE) North Beach neighborhood, north of 71st Street, this prime setting provides an exceptional waterfront lifestyle. The existing residence offers 3 bedrooms, 3 bathrooms, and 2,786 square feet of living space, highlighted by a charming courtyard entrance with Chicago brick columns and flooring, as well as dual entry fountains that create a warm and inviting arrival. The outdoor living areas include a swimming pool surrounded by a brick pool deck, mature tropical landscaping, and a lush privacy hedge, providing a tranquil setting while awaiting your vision for the future. Prime property location near the beach, fine dining and shops, Bal Harbour, Downtown Miami, and Miami International Airport.
Features
- Other
- Intracoastal View
- Pool
- Water
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
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 19 active listings; the middle half ask $6,500–$17,500.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.