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+22 photosLuxury home — 1040 N VENETIAN Drive · Biscayne Isl · Miami
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Open property magazine$3,950,000
1040 N VENETIAN Drive, Miami, FL 33139
Miami, FL, 33139
4 bd · 2 ba · 1,871 sqft
Listed by Rene Valverde
1040 N VENETIAN Drive, Miami, FL 33139
Listed by Rene Valverde
Add this home to your tour day
Pick up to 6 homes. Simon confirms times with each listing agent, then sends you the final schedule.
0 of 6 homes in your tour
Estimated monthly payment
$27,086/mo
Know your costs before you buy
Work through three numbers: your estimated monthly payment, the cash needed at closing, and insurance & flood.
Estimated monthly payment $27,086/mo · principal, interest, taxes, insurance and HOA. Verify before you buy.
Cash to close includes the down payment, lender and title costs, taxes, insurance prepayments and escrow deposits. Editable estimate only.
Insurance and flood: AE · verify insurance quotes before buying.
About this home
Find similar homesThis 4-bedroom, 2-bath home in the established Biscayne Island subdivision offers a functional layout and excellent potential. Situated on an approximately 9,000 sq. ft. lot (75' x 120'), the home features a spacious floor plan with generous rooms and an open living area. A bonus room behind the laundry area provides additional flexibility for a home office, storage, or other uses. Impact windows add comfort and peace of mind. This property presents a great opportunity for homeowners or investors looking to personalize, improve, and build value in a desirable Miami location. Property is currently tenant occupied. Showings begin November 1st. Please DO NOT disturb tenants or visit without a confirmed appointment.
Property Details
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Your costs (est.)
≈ $27,086/mo
1040 N VENETIAN Drive, Miami, FL 33139 · Miami
Location
1040 N VENETIAN Drive, Miami, FL 33139
What buyers ask about this home
What are the estimated monthly carrying costs at 1040 N VENETIAN Drive, Miami, FL 33139?+
Property tax (after sale): $6,039/month est.; homeowners insurance: $551/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $6,590/month est. Principal and interest: $20,496/month; PMI: $0/month. Total for the payment scenario shown: $27,086/month est. Flood insurance is not included. Estimate only, not guaranteed. Verify before you buy or sell.
Will property taxes go up after I buy 1040 N VENETIAN Drive, Miami, FL 33139?+
Usually yes. In Florida the assessed value resets to market value in the year after a sale, so the seller's current tax bill is rarely what a new owner pays. Budget roughly 1.8–2.0% of the purchase price annually until you file for homestead exemption and the Save Our Homes cap (or the 10% non-homestead cap) starts limiting increases.
Does 1040 N VENETIAN Drive, Miami, FL 33139 need flood insurance, and what drives the premium?+
Most of Miami sits in a FEMA flood zone, and lenders require flood coverage in high-risk zones. Premiums are driven by elevation certificate, flood zone, roof age and shape, and whether the home has impact windows or accordion shutters. Ask for the current declarations page, the four-point inspection and wind mitigation report early — they set your real cost of ownership.
What should an inspection focus on for a home like 1040 N VENETIAN Drive, Miami, FL 33139?+
In coastal South Florida, prioritize roof age and permit history, whether windows and doors are impact-rated, the seawall and dock condition on waterfront lots, drainage and elevation, plumbing type (cast iron and polybutylene are common in homes of this era), and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
Is there room to negotiate on 1040 N VENETIAN Drive, Miami, FL 33139?+
This listing has been on the market 21 days. Leverage comes from days on market, price history, comparable closed sales and the seller's motivation — not from a fixed percentage. I pull the full history and the true comps before we write, so the offer is built on what the property is actually worth today. Call or text (954) 562-1798 for that analysis.
Neighborhood & Commute
Miami. Distinct neighborhoods, local dining and shopping, with downtown, Brickell and MiamiCentral as everyday destinations.
Approximate Drive Times
Drive times are estimates based on straight-line distance at typical South Florida traffic speeds. Actual times vary with traffic and routing.
Assigned schools for this address
North Beach Elementary School
Elementary · 3.1 mi from this home · 4100 Prairie Ave, Miami Beach
Miami Beach Nautilus Middle School
Middle school · 3.0 mi from this home · 4301 N Michigan Ave, Miami Beach
Miami Beach Senior High School
High school · 2.6 mi from this home · 2231 Prairie Ave, Miami Beach
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Sports Leadership And Management Charter School Middle Scho
Middle school · Charter · Grades 6–8 · Miami
Sports Leadership Arts Management Charter High School
High school · Charter · Grades 9–12 · Miami
Ebenezer Christian Academy II
Pre-K & Kindergarten · Private · Christian · Grades K–12 · Miami
School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
The home, in a magazine
A closer look at this home and its lifestyle — dedicated to you and your family.
Open the magazine
Simon Gedz
Realtor® since 1995
Interested in this property?
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