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Waterfront · Condominium
$1,795,000$1,099 / sqft
3131 NE 7th Ave # 306, Miami FL 33137
Listed
3
Bedrooms
4
Bathrooms
1,634 sqft
Interior
2018
Year built
None
HOA
Condominium
Type
About this home
Stunning waterfront residence in the heart of Edgewater. This elegant 3-bedroom, 3.5-bath corner condo features an open floor plan, expansive balconies, and breathtaking bay views. Perfect for those who appreciate low-floor living, the residence offers a rare, house-like experience with an exceptional connection to the water. Beautiful Italian floors, a gourmet Miele kitchen, and semi-private elevator access lead to a spacious private foyer. A rare highlight is the assigned parking space on the same level as the unit, providing direct access without using the garage elevators. Resort-style amenities include a waterfront pool, fitness center, spa, party room, billiards, valet, and more, all just minutes from Miami's best dining, shopping, and entertainment.
Features
- Elevator
- Open Balcony
- Bay
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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.
Location
Approximate — shows the building, not the unit.
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 across Miami-Dade, from 200 active listings; the middle half ask $2,900–$11,500.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.