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Waterfront · Condominium
$730,000$623 / sqft
6620 Indian Creek Dr # 505, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,172 sqft
Interior
2016
Year built
$2,031 / mo
HOA
Condominium
Type
About this home
WATER VIEWS, CORNER RESIDENCE & MONTHLY RENTALS! Discover elevated Miami Beach living in this light-filled 2-bedroom, 2-bathroom corner residence at Peloro. Floor-to-ceiling impact windows fill the home with natural light while showcasing beautiful Biscayne Bay, Intracoastal and Miami Beach skyline views. Upgraded bathrooms and a sleek contemporary kitchen with Bosch appliances further set this residence apart. Designed by renowned architect Luis Revuelta, Peloro is a boutique waterfront building offering resort-style amenities including a bayside infinity pool and jacuzzi, rooftop terrace, BBQ area, state-of-the-art fitness center with Peloton bikes, library, resident lounges, valet parking, security and 24/7 front desk service. Ideally located just two blocks from the beach and steps from Publix, Starbucks, restaurants and shopping. Monthly rentals allowed and no current special assessments. A standout opportunity combining water views, upgraded interiors, rental flexibility and an exceptional Miami Beach location.
Features
- Closet Cabinetry
- Open Balcony
- Bay
Leasing
- Minimum lease
- 30 days
- Leases permitted per year
- 12
- No Daily Rentals
- 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 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.