This impeccably renovated, waterfront single-family home in Biscayne Point, Miami Beach, offers 3 bedrooms and 4.5 baths across a generous 3,200 sqft layout. Based on recent comp data for luxury waterfront rentals in this area, the rent potential ranges from $22K to $45K monthly. Annually, this translates to $264K–$540K in gross revenue. Given the $4.5M list price, estimated payback (gross rent/price) falls between 8 and 17 years, typical for trophy properties in elite Miami Beach neighborhoods. Miami Beach remains a high-demand, low-inventory market, especially for waterfront homes, with rents holding strong even as luxury inventory rises. The property’s canal frontage, private dock, pool, and bespoke designer finishes are top-tier features that support the upper end of the rent range, though high price points limit the tenant pool. Ongoing neighborhood improvements, such as the 71st Street redevelopment, further boost desirability.

To maximize rental income, consider offering the property fully furnished with luxury amenities and concierge services—seasonal, monthly, or executive rental terms can command premium rates. If selling, market the home’s direct water access, recent designer renovation, and proximity to Miami Beach’s revitalizing hotspots—these are rare, high-conviction selling points. For either strategy, high-quality marketing (videos, virtual tours) is essential to target affluent, international tenants and buyers. Regular maintenance of the dock, pool, and landscaping will help preserve value and attract high-end clients.