1051 NE 89th St, Miami FL 33138, MIAMI, FL, 33138
Active372 days on marketListed Aug 7, 2025MLS #A11854559
About this home
1051 NE 89th St, Miami FL 33138
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.
Facts & features
The home at a glance
7
Bedrooms
6
Bathrooms
6,288
Sqft
1
Garage
1939
Year built
$906
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$37,382 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$37,382/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Miami actives
$906 vs $511
Days on market
372 vs 66 typical
Where $906/sqft sits among the 400 Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Miami
Get to know Miami. See the full Miami guide →
MIAMI 33138 — neighborhood snapshot
Population
28,871
Median age
40.1
Median income
$71,518
Median home value
$686,300
Avg household
2.29
Households w/ children
3,077
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
36 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 1627% above the MIAMI 33138 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 1051 NE 89th St
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$2,550,000
1000 NE 89th St, Miami FL 33138 · same community
5 bd · 6.5 ba · 3,742 sqft · $681/sqft · 32 DOM
Sold · Jan ’26$2,830,000
1075 NE 89th St, Miami FL 33138 · same community
5 bd · 4 ba · 3,225 sqft · $878/sqft · 214 DOM
Sold · Feb ’26$2,180,000
1112 NE 89th St, Miami FL 33138 · same community
4 bd · 3 ba · 2,728 sqft · $799/sqft · 21 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, negotiation, and every question about 1051 NE 89th St — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1051 NE 89th St — before you fall in love.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1051 NE 89th St FAQs
What would the monthly payment be for 1051 NE 89th St, Miami FL 33138?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $37,382/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 1051 NE 89th St, Miami FL 33138?+
The most recent tax bill on record (2024) was $52,000. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Miami?+
At $5,699,000, this home is listed about 834% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 1051 NE 89th St, Miami FL 33138?+
Miami Shores Elementary School (elementary), Horace Mann Middle School (middle), Miami Edison Senior High School (high), District Instructional Center (Dic) (), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$5,699,000 runs 1627% above the MIAMI 33138 median — but at 6,288 sqft it's also nearly 5 times the size of the typical Miami listing.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03Time on market is leverage
372 days on market against a Miami median of 66 — sellers in this position are usually ready to negotiate.
04The price has already moved
Listed at $5,799,000, now $5,699,000 — a $100K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Robert Bourne Real Estate LLC · Robert Bourne. MLS #A11854559.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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