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5
Bedrooms
5
Bathrooms
3,969 sqft
Interior
2026
Year built
$4,842 / mo
HOA
Condominium
Type
About this home
Introducing the Penthouse at Alma, an exceptional full-floor 5 bedroom/4.5 bathroom residence in the prestigious enclave of Bay Harbor Islands, crafted by acclaimed architect Kobi Karp. This rare fusion of privacy and contemporary sophistication rises in one of South Florida's most coveted neighborhoods. Your private elevator opens directly into this penthouse retreat, where soaring ceilings and walls of floor-to-ceiling glass create a seamless flow between refined interior living and open-air calm. Framed by sweeping views of the bay, skyline, and lush island surroundings, the multiple terraces set the stage for effortless entertaining, sunset dinners, and quiet mornings above it all. The gourmet kitchen makes a design statement of its own, featuring custom European cabinetry, sleek stone surfaces, premium integrated appliances, dedicated wine storage, and an oversized island built for both intimate gatherings and grand-scale entertaining. The primary suite functions as a personal sanctuary, complete with a custom dressing room and a spa-inspired bath that evokes the ambiance of a five-star resort. Residents also enjoy exclusive rooftop amenities, including a pool, wellness areas, and a summer kitchen designed for relaxation and elevated entertaining. Alma's secure smart-access lobby, boutique scale, and protected low-rise surroundings offer a level of privacy rarely found in today's condominium market.
Features
- Family Room
- Utility Room/Laundry
- Other View
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- Ok To Lease
- Okay To Lease 1st Year
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 20 active listings; the middle half ask $24,000–$49,000.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.