Waterfront home — 3916 Island Estates Drive · Island Estates · Aventura
South Florida Luxury Living
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A magazine dedicated to 3916 Island Estates Drive, Aventura, FL 33160
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Open property magazine$19,990,000
3916 Island Estates Drive, Aventura, FL 33160
Aventura, FL, 33160
Listed by One Sotheby's International Realty
3916 Island Estates Drive, Aventura, FL 33160Waterfront home with 100 ft dock
Listed by One Sotheby's International Realty
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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
20% down · 6.75% interest · 30-year loan
Principal, interest, taxes and insurance. Property Tax (after sale). Estimated; not a lender quote.
- Principal & interest
- $103,724/mo
- Property tax (after sale) est.
- $25,558/mo
- Homeowners insurance est.
- $2,915/mo
- HOA
- $0/mo
Estimate only, not guaranteed. Verify before you buy or sell.
Cash to close
3916 Island Estates Drive, Aventura, FL 33160
Estimated cash to close est.
$4,228,658.33
Down payment plus Florida taxes, title, lender and prepaid costs.
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Loan amount (calculated): $15,992,000.00
Current site planning rate. Rate does not change the taxes or fees below. Prepaid interest is not included.
Edit closing costs & prepaids
Assumes both policies cover identical land and dates, with loan coverage within owner coverage—even if the seller pays owner title. Minimum lender premium $25. Turn off if not eligible. Endorsement allowance defaults to one $25 endorsement; actual requirements and premiums vary (Florida 69O-186.005).
Appraisal starts at $650. Waterfront and luxury homes may require a higher fee; confirm with your lender.
Tax uses existing ZIP estimates (after sale); insurance uses existing site estimates. Edit with your quote. If HOA insurance is included, confirm separate unit-owner coverage. Missing HOA costs are excluded—not assumed zero.
Estimated cash to close est.
$4,228,658.33
- Down payment est.
- $3,998,000.00
- Mortgage note documentary stamps est.
- $55,972.00
- Mortgage intangible tax est.
- $31,984.00
- Lender’s title insurance est.
- $25.00
- Lender title endorsements est.
- $25.00
- Lender fees est.
- $1,500.00
- Appraisal est.
- $650.00
- Owner’s title insurance est.
- $46,305.00
- Title search & examination est.
- $125.00
- Municipal lien search est.
- $150.00
- Settlement / closing fee est.
- $450.00
- County recording (deed) est.
- $30.00
- County recording (mortgage) est.
- $120.00
- Inspection, wind mitigation & 4-point est.
- $900.00
- Survey est.
- $500.00
- Property tax escrow (2 months, after sale) est.
- $51,115.83
- Insurance escrow (2 months) est.
- $5,829.50
- First-year insurance premium est.
- $34,977.00
- HOA / condo contribution or transfer est.
- Not provided
Partial estimate: unknown amounts are excluded. Ask Simon to verify them.
Mortgage stamps: $0.35 per $100 or fraction. Intangible tax: 0.2% of loan. Title uses Florida 69O-186.003 base rates. Assumes 2 months of tax/insurance escrow for financed purchases plus first-year insurance; cash purchases have no lender escrow.
Before deposits and credits. Prepaid interest and other contract costs are not included. Discounts and title endorsements must be confirmed by the title company. Title search, municipal lien search, settlement and recording are pass-through title company charges for cash and financed buyers alike; the municipal lien search is priced by each city and can run higher (e.g. Boca Raton $150, Coral Gables $220).
Estimate only. Your lender's Loan Estimate and the title company's closing disclosure are the final numbers. Not financial advice.
Estimate only, not guaranteed. Verify before you buy or sell.
Insurance & flood
- Flood zone (FEMA)
- Zone AEFlood insurance required
- Homeowners insurance est.
- $2,915 / month
Flood insurance is required with a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender). The monthly insurance estimate above does not include flood insurance — see "Show details" for the flood rules and the official FEMA map.
Source: FEMA National Flood Hazard Layer · Date checked: Oct 25, 2026
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
Flood zone: AE
High-risk mapped flood area (1% annual chance of flooding).
Source: FEMA National Flood Hazard Layer · Date checked: Oct 25, 2026
- Roof type
- Barrel
- Roof year
- Not provided —
- Impact windows / doors
- Impact Glass (Partial)
- Shutters
- Not provided —
- Window features
- Impact Glass (Partial)
- Year built
- 2001
Homeowners insurance: $2,915 / month est.
- Annual premium est.
- $34,672
- Fees & taxes est.
- $305
- Annual total est.
- $34,977
- Likely range est.
- $29,731–$41,973
- Dwelling coverage est.
- $2,568,306
- Other structures est.
- $51,366
- Personal property est.
- $513,661
- Loss of use est.
- $256,831
- Hurricane deductible (2%) est.
- $51,366
The estimated rebuild cost is above the Citizens Property Insurance coverage cap for this county, so this home would need a private carrier.
Based on the listing: 6,932 sq ft · built 2001 · 3 stories · luxury finish level.
Dwelling coverage uses living area × county rebuilding cost. Selling price and land value are not included. The monthly estimate includes fees and applicable taxes.
Broward inland rates were calibrated against two supplied policies; other county and coastal rates have not yet been calibrated against real quotes.
Assumed where the listing is silent: concrete-block construction · coastal rating band · roof 6–15 years old · gable roof · 2% hurricane deductible · admitted carrier; no surplus-lines tax. A newer roof, a hip roof shape, or a higher deductible can lower the premium; frame construction can raise it.
Educational estimate only, not an insurance quote. Actual premiums depend on the carrier, inspections, discounts, and underwriting. Flood insurance not included. Simon Gedz is a Realtor, not a licensed insurance agent.
Special Flood Hazard Area. With a federally backed mortgage (FHA, VA, USDA, or a conventional loan from a federally regulated lender), flood insurance is required.
The FEMA map is a strong indication, not the final answer: your lender orders its own flood zone determination. Cash buyers are not required to carry flood insurance, but on the water it is strongly recommended.
Florida rule: by 2027, Citizens policyholders must carry flood insurance even outside a flood zone, unless the Citizens policy excludes wind coverage. The FEMA map does not show this.
How flood insurance is priced (FEMA Risk Rating 2.0)
Flood insurance is priced home by home, so two neighbors on the same canal can pay very different amounts. Premiums depend on the home's elevation (first-floor height above the expected flood level), distance to water (ocean, Intracoastal, canal or river), the type of flood risk (storm surge, heavy rain or river overflow), the cost to rebuild, the foundation and construction type, and past flood claims on the property.
Federal flood insurance (NFIP) pays at most $250,000 for the building and $100,000 for contents. A luxury waterfront home needs private flood insurance or an "excess flood" policy on top.
Before an offer: pull the official FEMA flood map (FIRMette), ask the seller for an elevation certificate (it largely decides the price), ask whether the seller's existing NFIP policy can be transferred to you (sometimes at a lower rate), and have an insurance agent check prior flood claims (CLUE report). New NFIP policies usually have a 30-day wait before they take effect — don't leave it until the week of closing.
Insurance estimates vary widely. Get a real quote before you make an offer.
Estimate only, not guaranteed. Verify before you buy or sell.
About This Property
Find similar homesOne of South Florida's most extraordinary waterfront estates, set on an exclusive private island within the 24/7 gated enclave of Island Estates, Aventura. Surrounded by the Intracoastal Waterway, this magnificent 3-story residence offers breathtaking panoramic water views from virtually every room — the kind of views that truly take your breath away.Soaring double-height curved glass walls flood the interiors with natural light and frame the shimmering water beyond. The gourmet chef's kitchen anchors a grand open living space with a Calacatta marble island, custom cabinetry and professional appliances. A dedicated bar room with floor-to-ceiling illuminated glass wine cellar sets the stage for unforgettable entertaining. The spa master suite features a custom Italian walnut walk-in closet, a luxurious bathroom and private balcony with sweeping water views.Outside, a heated infinity pool and spa overlook the Intracoastal, complemented by a fully equipped summer kitchen with live-edge bar, designer outdoor lounge and private waterfront deck framed by mature palms and the spectacular Aventura skyline.A true boater's paradise: included in the sale is a private 100-foot slip at Island Estates Marina with direct ocean access via Haulover Inlet. 6 bedrooms, 7 bathrooms, guest house, staff quarters, 6,932 sq ft. Sold completely turn-key — fine art, custom sculptures, Italian designer furniture and all furnishings included. Arrive and begin living. An unparalleled lifestyle acquisition in one of South Florida's most coveted addresses. Set on an exclusive private island within the 24/7 gated enclave of Island Estates, Aventura, this extraordinary three-story waterfront estate is surrounded by water on three sides — delivering a rare combination of architectural drama, museum-quality curation, and absolute turn-key luxury.Spanning 6,932 sq ft of refined living space on a 12,177 sq ft waterfront lot, the residence offers 6 bedrooms, 7 bathrooms, private staff quarters, and a fully independent guest suite. The estate is offered completely furnished and equipped — from bespoke Italian designer furniture and curated fine art to custom sculptures representing millions of dollars in carefully assembled acquisitions. Every piece of art, every decorative object, every appliance, and every item of furniture is included in the sale. Arrive and simply begin living.Soaring double-height curved glass walls frame sweeping panoramic views of the Intracoastal Waterway from virtually every room, while wide-plank white oak floors, hand-selected Persian rugs, and a dramatic fireplace anchor the main living areas. The chef's kitchen is centered on a grand Calacatta marble island with lacquered cabinetry, an integrated wine refrigerator, and professional-grade appliances — opening seamlessly to informal dining and a family room with direct pool and water views.A dedicated bar room with a floor-to-ceiling illuminated glass wine cellar and a striking sculptural centerpiece creates an entertaining experience unlike any other in South Florida. The master suite is a private sanctuary — featuring a custom Italian walnut walk-in closet with LED lighting, and a spa-caliber bathroom with a raised Calacatta marble soaking tub on a three-step platform, frameless glass shower, and dual floating vanity.Outdoors, an infinity pool and spa overlook the Intracoastal, complemented by a designer outdoor lounge, a fully equipped summer kitchen with live-edge wood bar, and a private waterfront deck with luxury loungers — all framed by mature palms and the spectacular Aventura skyline.Additional features include a Tesla Wall Charger, whole-home generator, reverse osmosis water filtration system, impact glass throughout, and a 3-car garage.Included in the sale: a private deep-water slip at Island Estates Marina accommodating vessels up to 100 feet, with direct access to Biscayne Bay and the Atlantic Ocean via Haulover Inlet. HOA of $4,786/month includes full membership to Privee at Island Estates — featuring two professional gyms with panoramic Intracoastal views, full-service spa, fine dining restaurant, private lounges, and business center — plus 24/7 guard-gated security and all marina maintenance.Minutes from Aventura Mall, world-class dining, and both MIA and FLL airports. This is not a home. It is a complete world.
Why we flagged this one
A transparent review of current MLS facts—not a paid placement.
193 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
3916 Island Estates Drive, Aventura, FL 33160 · Aventura
Location
3916 Island Estates Drive, Aventura, FL 33160
Dock & Draft Match™
100 ft dock stated in the listing; local side-line clearance needs verification
Boat length ~100 ft · preliminary
What buyers ask about this home
What are the estimated monthly carrying costs at 3916 Island Estates Drive, Aventura, FL 33160?+
Property tax (after sale): $25,558/month est.; homeowners insurance: $2,915/month est.; HOA: $0/month. Fixed ownership costs before a mortgage: $28,473/month est. Principal and interest: $103,724/month; PMI: $0/month. Total for the payment scenario shown: $132,196/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 3916 Island Estates Drive, Aventura, FL 33160?+
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 3916 Island Estates Drive, Aventura, FL 33160 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 3916 Island Estates Drive, Aventura, FL 33160?+
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 3916 Island Estates Drive, Aventura, FL 33160?+
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 3916 Island Estates Drive, Aventura, FL 33160?+
This listing has been on the market 193 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.
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School assignment is set by the district and can change. Always confirm the zoned school with the district before you buy.
Simon Gedz
Realtor® since 1995
Interested in this property?
$19,990,000 · MLS A12001330
$19,990,000
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