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Condominium
$425,000$450 / sqft
900 16th St # 108, Miami Beach FL 33139
Listed
2
Bedrooms
1
Bathrooms
945 sqft
Interior
1925
Year built
$1,000 / mo
HOA
Condominium
Type
About this home
This 2BR/1BA unit offers the perfect location in a true Art Deco building in the heart of South Beach. This quiet 1st floor unit has a split floor plan, high ceilings, wood floods throughout, updated kitchen with stainless steel appliances, nest thermostat, central AC, large master bedroom, & 2nd bedroom with bright corner windows. Bathroom was completed renovated in 2026 and wood flooring was refinished. New Porcelain tiles installed in the kitchen in 2026. Unit has also been freshly painted. Monthly HOA includes Reserves. One block away from Lincoln Road, a 5-minute walk to the beach, Sunset Harbourm Alton Road, and just around the corner from Trader Joes.
Features
- First Floor Entry
- Closet Cabinetry
- Courtyard
- Garden View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
- 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.
Location
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–$9,500.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.