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Waterfront · Single Family Residence
$935,000$652 / sqft
18500 NE 23rd Ct, Miami FL 33180
Listed
3
Bedrooms
2
Bathrooms
1,433 sqft
Interior
1954
Year built
None
HOA
Single Family Residence
Type
About this home
Discover an original and charming 3-bedroom, 2-bath riverfront residence offering approximately 1600 square feet of living space on an oversized 11,000-square-foot lot along the pristine Oleta River, Miami-Dade County’s only remaining natural, non-dredged river. Surrounded by protected mangrove shorelines and abundant wildlife, this unique sanctuary offers gentle river views and a direct connection to nature. Enjoy limited access to the bay, Intracoastal, and ocean, along with a private basin ideal for small motorcraft, kayaks, canoes, and paddleboards—creating a peaceful waterfront retreat in your own backyard. Ideally situated in the rapidly revitalizing Riverdale/Ojus community, the property benefits from the tremendous growth and transformation taking place along Miami Gardens Drive. Walk to houses of worship, restaurants, grocery stores, and everyday conveniences, while remaining just minutes from Aventura and Sunny Isles Beach. Nearby new developments and continued investment further enhance the area’s appeal and long-term value, beautifully complementing the natural splendor of the Oleta River. A rare blend of waterfront tranquility, walkability, convenience, and exciting future growth.
Features
- First Floor Entry
- Split Bedroom
- Family Room
- Florida Room
- Storage
- Utility/Laundry In Garage
- Fruit Trees
- Room For Pool
- River
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 $3,200–$5,000.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.