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MIAMI'S BEST-KEPT SECRET—HIDDEN IN PLAIN SIGHT! Tucked away behind a second private gate within historic, guard-gated Morningside, Lookout Bay is an exclusive waterfront enclave of just 12 townhouse-style residences on Biscayne Bay. Surrounded by lush tropical landscaping, this exceptional 2BR/2.5BA, 1,575-SF, two-story residence offers a private covered carport, custom lighting throughout, dramatic glass staircase with skylight, and contemporary kitchen featuring Sub-Zero Professional Series refrigerator, Jenn-Air appliances, granite island, stainless-steel countertops and European cabinetry. Spacious living and dining areas open to a private tropical patio with Jacuzzi. Upstairs, soaring ceilings, a private primary terrace, generous custom closets, updated bathrooms and guest bath with rain shower and steam. Enjoy a bayside pool, guest parking, impact windows and doors, newer roof, completed 50-year recertification, association reserves and low quarterly maintenance. Minutes from the Design District, Midtown, Wynwood and Miami Beach. PRIVATE. SECURE. QUIET. A TRULY RARE FIND!
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 across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,500.That is what landlords ask, not what units let for — edit it if you know better.
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.
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.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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