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Waterfront · Condominium
$549,000$760 / sqft
1500 Bay Rd # 830S, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
722 sqft
Interior
1960
Year built
$939 / mo
HOA
Condominium
Type
About this home
Owner/agent . DIRECT BAY VIEW, Investor opportunity! Modern 1-bedroom, 850 sq ft condo with stunning unobstructed direct Biscayne Bay views at Flamingo Towers. Currently rented at $3,490/month through May 2027—strong cash flow in place. Enjoy a private balcony overlooking the water. Located in the heart of South Beach, this waterfront condo offers prime walkability to Lincoln Road, Ocean Drive, dining, shopping, and the beach. Residents enjoy resort-style amenities: bayfront heated pools, 14,000 sq ft fitness center with yoga/spin, spa/hot tub, outdoor BBQ & lounge, dog park, baywalk promenade, tennis/basketball courts, business center, on-site café/restaurant, valet, and 24-hour security, dockage marina available. Rare tenant-occupied South Beach investment condo with bay views, modern style, and solid rental income until May 2027. Ideal for buyers seeking cash-flowing Miami Beach real estate in a highly desirable Flamingo South Beach community. Pet friendly.
Features
- Closet Cabinetry
- Elevator
- Walk-In Closet(s)
- Family Room
- Storage
- Other
- Barbeque
- Open Balcony
- Bay
- Skyline
- Water View
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 $2,300–$3,800.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.