$4,900,000

661 86th St, Miami Beach, FL 33141

Bedrooms
4
Baths
3
Living area
2,063 ft²
Price per ft²
$2,375 / ft²
Type
Single-Family Home
Year built
1950
On market
2 days on market
MLS #
A12085835

Experience the best of Miami Beach waterfront living in this beautifully renovated 4-bedroom, 3-bath home offering 50 feet of waterfront, direct ocean access and no fixed bridges. A bright, open floor plan connects the kitchen, dining and living areas, all overlooking the water. Step outside to a private tropical retreat featuring a heated pool recently resurfaced and retiled, Tiki hut, BBQ area and waterfront entertaining spaces. Recent upgrades include a new A/C system, tankless water heater, and new washer and dryer. Additional features include impact windows, lush tropical landscaping, a charming covered front porch and private driveway parking. Ideally located near the beach, Surfside, Bal Harbour and Indian Creek, the home offers an exceptional combination of boating, outdoor living and the relaxed Miami Beach lifestyle, surrounded by an evolving mix of luxury residences and new construction.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $2,375. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 291% above the median.
  • Position in the area’s price distributionThe asking price is $4,900,000; the median of recorded sales in the area is $586,000 (2,219 sales). On raw price that is 736% above the median — this line does NOT adjust for property type or size.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$1,470,000
Term

6.76% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 10, 2026.

Estimated monthly payment$22,270
Loan amount
$3,430,000
Total interest over the term
$4,587,099
Total repaid
$8,017,099

Foreign buyers are typically asked for 30–40% down, at rates 1–2 points above what US citizens pay. The rate above is the US-citizen product — enter your own rate if you know your terms.

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

EXP Realty LLC

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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