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Waterfront · Condominium
$3,450,000$2,406 / sqft
501 West Ave # 3404, Miami Beach FL 33139
Listed
2
Bedrooms
3
Bathrooms
1,434 sqft
Interior
2025
Year built
None
HOA
Condominium
Type
About this home
A true jewel, this exquisite and meticulously curated residence offers breathtaking views from every angle. Located in the coveted Canopy Residences at Five Park, one of Miami Beach’s most prestigious new addresses, residents enjoy world-class amenities and an exceptional lifestyle. Perched on the 34th floor, this split-floor-plan home is surrounded by floor-to-ceiling glass and features terrace access from every room. Sweeping, unobstructed panoramas of Miami Beach, the sparkling Atlantic Ocean, and the shimmering bay create a stunning backdrop by day, while golden sunsets give way to dazzling city lights and moonlit water by night. Inside, sophisticated, elegant décor prevails throughout, with every detail thoughtfully selected to create a perfectly composed interior. Available for rent, for a one-year term, with a six-month rental also considered. Call for pricing and details.
Features
- First Floor Entry
- Built-in Features
- Entrance Foyer
- Open Balcony
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Okay To Lease 1st Year
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.