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6
Bedrooms
6
Bathrooms
— sqft
Interior
1966
Year built
$5,235 / mo
HOA
Condominium
Type
About this home
Unique investment opportunity featuring a package of 6 fully furnished studio residences at Castle Beach Club, located directly on the ocean in the heart of Miami Beach’s prestigious Millionaire’s Row. This income-producing portfolio includes units 1730, 1232, 1424, 928, 724, and 1203, offering exceptional flexibility for short-term rentals, vacation stays, or Airbnb operations with no rental limitations. The building offers resort-style amenities including beachfront access, swimming pool, fitness center, valet parking, and on-site conveniences, all just minutes from South Beach, Lincoln Road, and Bal Harbour Shops. Strong rental demand and Miami Beach’s year-round tourism make this an attractive opportunity for investors seeking immediate cash flow and future value appreciation.
Features
- Fire Sprinklers
- Other
- None
- Ocean View
- Direct Ocean
Leasing
- Minimum lease
- 1 day
- Leases permitted per year
- 365
- Daily Rentals Allowed
- 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 rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
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 rent, 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.