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+57 photosGated community home — 20940 NE 31st Place · Aventura Lakes Phase 1 · Aventura
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Open property magazine$1,599,000
20940 NE 31st Place, Aventura, FL 33180
Aventura, FL, 33180
3 bd · 3 ba · 2,306 sqft
Listed by Compass Florida, LLC
20940 NE 31st Place, Aventura, FL 33180
Listed by Compass Florida, LLC
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Estimated monthly payment
$12,152/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 $12,152/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 homesWelcome to this beautifully renovated lakefront residence in the highly sought-after gated community of Aventura Lakes. Offering 3 bedrooms, 2.5 bathrooms, and 2,306 square feet of living space, this elegant home showcases soaring ceilings, abundant natural light, a dramatic glass staircase, and an open-concept floor plan designed for both comfortable living and effortless entertaining. The designer kitchen features custom cabinetry, quartz countertops, premium stainless steel appliances, a wine refrigerator, and a spacious island overlooking the living and dining areas.The spacious primary suite offers a peaceful retreat with serene lake views, custom walk-in closets, and a spa-inspired bathroom with dual vanities and a frameless glass shower. Additional bedrooms provide comfort and flexibility for family, guests, or a home office, while the upstairs loft creates the perfect living space. Step outside to your private covered patio and beautifully landscaped backyard overlooking the lake, an ideal setting for outdoor dining, or relaxing sunsets.Located in the prestigious, guard-gated Aventura Lakes community, residents enjoy maintained grounds, a resort-style swimming pool, fitness center, clubhouse, playground, and scenic walking paths. Just minutes from Aventura Mall, world-class dining, parks, golf courses, top-rated schools, and the area's beautiful beaches, this home offers luxury, security, and convenience in one of Aventura's most desirable neighborhoods.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
Price reduced 9%
The seller has come down from $1,749,000 to $1,599,000 — a $150,000 reduction since it came on the market.
141 days on market
Longer time on market usually means the seller is more open to negotiating on price and terms.
Price reductions and days on market come from this listing's MLS record. This is an initial market signal, not a formal appraisal or full comparable market analysis.
Property Details
Your costs (est.)
≈ $12,152/mo
20940 NE 31st Place, Aventura, FL 33180 · Aventura
Location
20940 NE 31st Place, Aventura, FL 33180
One home, every check
Dock & Draft Match™ brings this home's dock length, low-water depth, every bridge, the ocean run, frontage and yacht size together in one place. Estimate only, not guaranteed. Verify before you buy or sell.
What buyers ask about this home
What are the estimated monthly carrying costs at 20940 NE 31st Place, Aventura, FL 33180?+
Property tax (after sale): $2,234/month est.; homeowners insurance: $666/month est.; HOA: $955/month. Fixed ownership costs before a mortgage: $3,855/month est. Principal and interest: $8,297/month; PMI: $0/month. Total for the payment scenario shown: $12,152/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 20940 NE 31st Place, Aventura, FL 33180?+
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 20940 NE 31st Place, Aventura, FL 33180 need flood insurance, and what drives the premium?+
Most of Aventura 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 20940 NE 31st Place, Aventura, FL 33180?+
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, and any open or expired permits with the city. These items, not cosmetics, drive both price and insurability.
What extra costs come with the waterfront at 20940 NE 31st Place, Aventura, FL 33180?+
Waterfront ownership adds seawall maintenance and eventual replacement, dock and lift servicing, higher flood and wind premiums, and salt-air upkeep on exterior finishes and equipment. Confirm bridge height and water depth at low tide if you plan to keep a boat.
Is there room to negotiate on 20940 NE 31st Place, Aventura, FL 33180?+
This listing has been on the market 141 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
Located in Aventura, this property offers the South Florida lifestyle — warm-weather living year-round with easy access to the Atlantic coast, A-rated schools, and major business centers.
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
Zone boundaries published by Miami-Dade County Public Schools.
Other options for this address
Hollywood Academy Of Arts And Science Middle School
Middle school · Charter · Grades 6–8 · Hollywood
Yeshiva Toras Chaim Toras Emes Rohr Middle School
Middle school · Private · Jewish · Grades 6–8 · North Miami Beach
Mati Talent Institute Private School
Pre-K & Kindergarten · Private · Grades PK–12 · Hallandale Beach
Guidepost Montessori At Hollywood Beach
Pre-K & Kindergarten · Private · Grades PK–12 · Hollywood
Guidepost Montessori At Hollywood Beach
Pre-K & Kindergarten · Private · Grades PK–12 · Hollywood
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?
$1,599,000 · MLS A12041059
$1,599,000
20940 NE 31st Place
3065 NE 208th Terrace, Aventura, FL 33180
Listed by The Canero Group
AVENTURA LAKES PHASE 1
3 bd · 4 ba · 2,540 sq ft
$1,495,000
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20877 NE 32nd Avenue, Aventura, FL 33180
Listed by EXP Realty LLC
AVENTURA LAKES PHASE 1
4 bd · 5 ba · 3,250 sq ft
$2,850,000
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3703 NE 199th Street, Aventura, FL 33180
Listed by Compass Florida, LLC
AVENTURA ESTATES
3 bd · 3 ba · 2,970 sq ft
$2,500,000
View details