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Waterfront · Condominium
$279,000$171 / sqft

18181 NE 31st Ct # 1408, Aventura FL 33160

3
Bedrooms
3
Bathrooms
1,629 sqft
Interior
1981
Year built
$1,533 / mo
HOA
Condominium
Type

About this home

SELLER PAYING CURRENT SPECIAL ASSESSMENTS AT CLOSING. Spacious 14th-floor residence at The Tower at Biscayne Cove offering 1,629 SF with 2 bedrooms, den (optional 3rd bedroom), and 2.5 bathrooms. The split-bedroom floor plan provides privacy with en-suite bedrooms on opposite sides of the home. Floor-to-ceiling windows showcase southeast views of Sunny Isles and the Intracoastal. The updated kitchen features solid wood cabinetry, granite countertops, and stainless steel appliances. The den is ideal as a home office, guest room, or third bedroom. The HVAC system has been recently serviced. Portions of the flooring have water damage from a prior refrigerator leak and present an opportunity for the next owner to customize the flooring to their taste. Biscayne Cove is undergoing a major community renovation, including concrete restoration, new glass balconies, and seawall improvements, creating an opportunity to buy into a substantially updated waterfront community with the Seller paying all current special assessments at closing. Amenities include two pools, spa, fitness center, clubroom, attended lobby, valet parking, gated entry, bicycle storage, and one assigned covered parking space, with additional parking available through valet. Conveniently located minutes from Aventura Mall, Sunny Isles Beach, Gulfstream Park, marinas, restaurants, shopping, and major highways.

Features

  • Split Bedroom
  • Walk-In Closet(s)
  • Den/Library/Office
  • Open Balcony
  • Bay
  • Intracoastal View
  • Water View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$2,944

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$1,411
HOA
$1,533 / mo

Illustration only — not a loan offer, quote, or commitment. 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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Courtesy of
Real Broker LLC

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.