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Waterfront · Condominium
$640,000$609 / sqft
31 SE 5th St # 2808, Miami FL 33131
Listed
2
Bedrooms
2
Bathrooms
1,051 sqft
Interior
2006
Year built
$1,208 / mo
HOA
Condominium
Type
About this home
Exceptional opportunity to own a spacious 2-bedroom, 2-bathroom residence on the 28th floor of Brickell on the River. Featuring a desirable split floor plan, open living space, private balcony, granite countertops, European-style cabinetry, and stainless steel appliances. **Priced attractively to reflect the temporary impact of nearby construction**, this residence offers compelling long-term potential. The neighboring site is being transformed by **Baccarat Residences Miami**, bringing new luxury development, waterfront infrastructure, restaurants, public spaces, and an enhanced riverwalk to the area - improvements expected to further elevate this prime Miami River location. Full-service waterfront building with two pools, fitness center, spa, concierge, valet and 24-hour security. Steps from the Metromover, Brickell City Centre, dining, shopping and entertainment. An opportunity to buy at today’s price while the surrounding waterfront is being transformed.
Features
- Other
- Walk-In Closet(s)
- Open Balcony
- River
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
- Okay To Lease 1st Year
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.
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 2-bed rentals in Brickell, from 200 active listings; the middle half ask $4,000–$6,200.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.