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Listed
This stunning 4 bedroom, 4.5 bathroom first floor unit encompasses 2,483 interior square feet plus a spectacular oversized wrap-around terrace overlooking the water. Double doors welcome you to the open-concept condo that feels like a single family home, complete with its own yard space off of the terrace! The living room, dining room, and kitchen flow seamlessly into one another and all enjoy beautiful views. The expansive primary bedroom feels ultra-private and its large bathroom features a separate tub and shower, plus dual vanities. Each of the other 3 bedrooms includes a lovely en-suite bathroom and excellent storage. There are two parking spaces plus valet, in-unit laundry room, and fine finishes throughout. Located in exclusive Bay Harbor Islands, Riva Bay is a 25 unit boutique building with a gorgeous pool, gym, and more right in the heart of it all.
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 4-bed rentals across Miami-Dade, from 119 active listings; the middle half ask $15,900–$36,500.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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