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1051 NE 89th St, Miami, FL, 33138

7beds
7baths
6,288sqft
$5,699,000
$906price/sqft
$44,669/moest. monthly cost
$1,786,760/yrincome needed

About This Home

Commanding waterfront estate: 6,200+ sq ft on a sprawling 17,000+ sq ft corner lot with approx 70 ft of canal frontage, private dock, and no fixed bridges to open ocean. A true boater’s dream wrapped in lush tropical grounds and anchored by a resort-style pool designed for entertaining. 7 bedrooms, 5 full + 2 half baths with grand-scale living throughout. Primary suite is a private sanctuary with office, dual walk-ins, two spa-inspired baths, and direct access to pool and water. Striking entry with terrazzo floors, fireplace, and dramatic staircase. 4 bedrooms on the main level, 3 upstairs, plus a private theater. Currently permitted for short-term rentals with a strong performance history, offering rare flexibility for both lifestyle and income. 3D tour and drone footage showcase the full experience. Images may be virtually staged and/or digitally enhanced (furniture, colors, fixtures, landscaping) for illustrative purposes only.

Getting Around

40
WalkingCar-Dependent
37
TransitSome Transit
42
BikeSomewhat Bikeable

Schools

5/10
3/10

Construction

Condition

  • Year built: 1939

Materials

  • Roof: Curved/S-Tile Roof
  • Construction materials: Concrete Block Construction

Type & Style

  • Home type: SingleFamily
  • Architectural style: Mediterranean
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Other
  • Laundry features: In Garage

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 7
  • Full bathrooms: 5
  • 1/2 bathrooms: 2

Features

  • Built-in Features,Closet Cabinetry,Kitchen Island,Entrance Foyer,Walk-In Closet(s)
  • Door features: High Impact Doors
  • Flooring: Marble,Terrazzo,Wood
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 6,972
  • Total interior livable area: 6,288 sqft

Property

Details

  • Parcel number: 3032050020040
  • Zoning: 0100
  • Other equipment: Other

Features

  • Stories: 2
  • Entry location: First Floor Entry,Foyer
  • Private pool: Yes
  • Pool features: In Ground,Heated
  • Patio & porch: Patio
  • Has spa: Yes
  • Fencing: Fenced
  • Has view: Yes
  • View description: Canal,Pool
  • Has water view: Yes
  • Water view: Canal
  • On waterfront: Yes
  • Waterfront features: Ocean Access,Canal Front,No Fixed Bridges,WF/Pool/Ocean Access
  • Frontage length: 100

Lot

  • Lot size: 0.40 Acres
  • Features: 1/4 To Less Than 1/2 Acre Lot

Parking

  • Total spaces: 1
  • Parking features: Driveway,On Street
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $28,817$345,804
Home Insurance *$5,397$64,764
Property Taxes $9,823$117,876
Electricity $632$7,593
Total$44,669$536,028
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,531,508/yr
40% on housing$1,340,070/yr
45% on housing$1,191,173/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$906This listing

vs Other Active Listings

Avg $/sqft

ZIP 33138$691
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33138$740
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-11-05Listed for rent$23,900
2025-11-01Listed for sale$5,699,000
2025-10-16Listing removed$5,799,000
2025-08-11Price change$5,799,000
2024-10-18Price change$5,899,000
2024-04-05Price change$5,999,000
2023-09-02Listed for sale$6,500,000
2021-11-15Listing removed--
2021-09-13Listed for rent$45,000
2020-12-07Listing removed$2,700,000
2020-07-16Listed for sale$2,700,000
2019-03-22Sold$2,150,000
2019-02-21Pending sale$2,500,000
2019-02-04Price change$2,500,000
2018-07-23Listed for sale$2,800,000
2015-09-26Listing removed$10,000
2015-08-22Listed for rent$10,000
2015-08-22Listing removed$2,700,000
2015-04-30Listed for sale$2,700,000
2014-09-12Listing removed$2,700,000
2014-06-17Price change$2,700,000
2014-04-08Listing removed$10,000
2014-03-22Listed for sale$2,800,000
2014-02-21Price change$10,000
2013-12-15Listed for rent$43,333
2011-11-17Sold$1,690,000
2004-02-10Sold$850,000
2003-11-06Sold$362,500

For Sale by Agent

AgentRobert Bourne
BrokerageRobert Bourne Real Estate LLC

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