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Waterfront · Single Family Residence
$7,390,000$2,270 / sqft
994-990 NE 78th, Miami FL 33138
Listed
5
Bedrooms
5
Bathrooms
3,255 sqft
Interior
2015
Year built
None
HOA
Single Family Residence
Type
About this home
Unique opportunity to own a modern two-story elevated home built in 2015, featuring 5 bedrooms, 4 en-suite bedrooms with private balconies, and 4.5 bathrooms. This extraordinary 36,369 sf DOUBLE-LOT (includes folio 01-3207-016-3730) oasis transports you into a tranquil, lush tropical paradise. Each bedroom door is a 300-year-old handcrafted art piece imported from Bali, adding warmth and character throughout the home. Outdoor amenities abound with 175 feet of waterfrontage, a boat dock, private beach, resort-style pool, children’s playhouse, oversized chess game, volleyball area, and basketball hoop — creating the perfect setting for relaxation and entertainment. The open-concept living and dining areas flow seamlessly into a gourmet kitchen equipped with premium Gaggenau appliances. Floor-to-ceiling high-impact windows and sliding doors invite abundant natural light and effortless indoor-outdoor living. Ideally located across from Belle Meade Island, this one-of-a-kind waterfront retreat offers privacy, luxury, and an unmatched lifestyle.
Features
- First Floor Entry
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Entrance Foyer
- Other
- Utility Room/Laundry
- Barbeque
- Lighting
- Open Balcony
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 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.
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.