Riviera 1st & 2nd Addn Am Homes for Sale

Riviera 1st & 2nd Addn Am is a luxury waterfront, luxury community in Miami Beach, Miami-Dade County, Florida. Properties are priced from $7,000,000 to $29,900,000. Pure Equity lists homes in Riviera 1st & 2nd Addn Am and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Riviera 1st & 2nd Addn Am and the Miami Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 4 Riviera 1st & 2nd Addn Am Miami Beach homes for sale as of October 2026. The median asking price is $16.7M. Asking prices run from $4.25M to $29.9M.

That is 2473% above the Miami Beach median of $650,000. On a per-foot basis, homes here ask about $2,866 per square foot, compared with $689 across Miami Beach. So the median price buys roughly 5,850 square feet of living area.

Listings here have averaged 244 days on the market. That is slower than the Miami Beach average of 168 days. Because of that, buyers often have more room to negotiate on price, repairs or closing costs.

Homes listed in Riviera 1st & 2nd Addn Am date from 2004 to 2026. That puts them between 0 and 22 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

Riviera 1st & 2nd Addn Am includes waterfront homes. Waterfront lots in South Florida often sit in FEMA special flood hazard areas, where lenders require flood insurance. Before you commit, look up the address on the FEMA Flood Map Service Center and ask the seller for an elevation certificate.

Riviera 1st & 2nd Addn Am has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

At a median near $16.7M, Riviera 1st & 2nd Addn Am sits in the luxury tier of Miami Beach. Jumbo financing and proof of funds usually come up early in these negotiations.

Rentals in Riviera 1st & 2nd Addn Am have a median asking rent of $30,000 per month, across 4 active rental listings. For comparison, the Miami Beach median is $3,200, so rents here run 838% higher.

For investors, those medians imply a gross yield near 2.2% a year. However, that figure comes before HOA dues, property tax, insurance and vacancy. Also check the association documents first, because many Florida HOAs cap leases or set minimum terms.

You can browse current Miami Beach rentals or ask us for a rent estimate on a specific Riviera 1st & 2nd Addn Am home.

Here is what the median Riviera 1st & 2nd Addn Am price means in Florida closing terms. At $16.7M, a 20% down payment comes to about $3.34M, leaving a loan near $13.4M.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $46,823. Next, the intangible tax of 0.2% adds about $26,756. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $100,335 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Riviera 1st & 2nd Addn Am listings show assignments to Miami Beach South Pointe (elementary), Miami Beach Nautilus (middle) and Miami Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.