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Waterfront · Condominium
$799,000$519 / sqft
900 Bay Dr # 601, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,540 sqft
Interior
1963
Year built
$1,839 / mo
HOA
Condominium
Type
About this home
It’s all about the magnificent, unparalleled views of Miami Beach and the Intracoastal! This spacious corner 2-bedroom, 2-bath residence in the iconic King Cole boasts sweeping water views that deliver an undeniable WOW factor. The expansive layout features floor-to-ceiling windows that fill the home with natural light, complemented by a spacious balcony that feels like an extension of the living space—perfect for relaxing and taking in the incredible views. The primary suite offers a generous walk-in closet and en-suite bath, while the second bedroom is equally spacious. Additional features include wood floors throughout with tile in the bathrooms, formal living and dining areas, and abundant closet space. Bright, sunny, and inviting, this hidden gem perfectly combines comfortable living with an exceptional location and the amenities and conveniences of a luxury building. Resort-style amenities include 24-hour valet and doorman, a heated bayfront pool, gym, children’s playroom, bar and lounge areas, plus kayak and bicycle storage. Ideally located within walking distance of the beach, local shops, restaurants, and so much more. HOA INCLUDES ALL UTILITIES, WI-FI & HD CABLE TV. Come experience the best of Miami Beach living! EASY TO SHOW.
Features
- First Floor Entry
- East Of Us1
- Open Balcony
- Bay
- Intracoastal View
- Ocean View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
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.