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Waterfront · Condominium
$625,000$406 / sqft
185 SW 7th St # 703, Miami FL 33130
Listed
2
Bedrooms
3
Bathrooms
1,540 sqft
Interior
2007
Year built
$1,378 / mo
HOA
Condominium
Type
About this home
SPACIOUS 2 bed/2.5 bath waterfront apartment. Largest floorplan in the building at 1,540 sqft plus 2 large balconies. Spacious walk-in closet and custom closets in bedrooms. High ceilings and breathtaking unobstructed views of the Miami River and boats/yachts going by, with stunning sunset views from every room. Only 3 apartments per floor. Designated parking spot on same level behind apartment. Feels like a private garage and no need for elevator. Cable, internet and water included. Steps from Brickell City Centre, the Underline, Metro station, Publix and I-95, with easy access to the airport, Downtown, Key Biscayne, Coral Gables and Coconut Grove. Kitchen and baths in original condition, a great opportunity to customize to your taste. True gem. Building allows 90-day rentals.
Features
- Cooking Island
- Other
- Walk-In Closet(s)
- Open Balcony
- Other View
- River
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
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 Brickell, from 200 active listings; the middle half ask $4,000–$6,500.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.