All listings
Active
Active1 / 18
Photo 1 of 18
Condominium
$280,000$538 / sqft
1215 West Ave # 402, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
520 sqft
Interior
2016
Year built
$1,076 / mo
HOA
Condominium
Type
About this home
Put your Miami Beach get-away home to work for you! Legal condo-hotel zoned for short term rental income. Available on-site program or owner can rent themselves. Built in 2016, this architectural gem is ideally located in the bustling West Ave corridor across from Biscayne Bay. This is one of the larger 1/1 floor plans, with desirable West view + private balcony. Delivered turnkey furnished and equipped - enjoy it from Day 1 without the wait or uncertainty of pre-construction. Hurricane impact glass, generator, and tough building codes to keep your investment safe and dry. This is perfect investment property to generate income with professional management, with flexibility for personal use, for guest, or for business associates. Don't miss the rooftop pool! High rental occupancy so scheduling can be challenging. Pro video available . AirBnB is NOT allowed. Personal use or on-site managed program. This price is firm and below pre-construction pricing! Rare opportunity for newer-build in South Beach
Features
- Interior Hall
- Lobby
- First Floor Entry
- Fire Sprinklers
- Walk-In Closet(s)
- Garden View
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Ok To Lease
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,350–$4,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.