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Condominium at 2016 Bay Dr # 504, Miami Beach FL 33141Active
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Waterfront · Condominium
$349,900$318 / sqft

2016 Bay Dr # 504, Miami Beach FL 33141

2
Bedrooms
2
Bathrooms
1,100 sqft
Interior
1966
Year built
$1,224 / mo
HOA
Condominium
Type

About this home

Experience the best of both worlds on the border of Miami Beach and North Bay Village. This spacious 2-bedroom, 2-bathroom corner unit offers expansive Biscayne Bay views, sweeping water vistas, and stunning Miami skyline views from both bedrooms & living room. The primary suite features a walk-in closet, while the updated kitchen is equipped with stainless steel appliances. Washer and dryer hookup available in the unit. The building has recently undergone significant improvements, including new elevators, fresh exterior paint, and hurricane-impact windows. Additional enhancements are underway, with plans for a renovated parking area and the installation of a new secured entry gate. The building has also successfully completed its 50-year recertification, providing added peace of mind for owners and investors alike. Residents enjoy access to a private bayfront pool, fitness center, and covered assigned gated parking conveniently located near the secured building entry. Ideally situated just steps from shopping, grocery stores, Normandy Pool & Park, bayfront tennis courts, and more. Whether you're looking for a primary residence, second home, or investment opportunity, this waterfront property offers an exceptional lifestyle in a prime location.

Features

  • French Doors
  • Walk-In Closet(s)
  • No Additional Rooms
  • East Of Us1
  • Open Balcony
  • Bay
  • Intracoastal View
  • Skyline

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$2,993

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$1,769
HOA
$1,224 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Norluxe Realty Miami

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. 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.