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Condominium
$299,000$400 / sqft
947 Lenox Ave # 203, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
748 sqft
Interior
1970
Year built
$721 / mo
HOA
Condominium
Type
About this home
Welcome home to your South Beach gem! Inside, the layout makes all 748 sq ft count. The living space is open and comfortable, allowing for a full living area, dining setup, and a proper work-from-home corner. The bedroom is separate and quiet with ample storage, and the bathroom is clean and functional. A true one-bedroom layout. Assigned covered parking means no circling the block after a long day or beach run. The building offers the classic boutique Miami Beach feel with manageable size, simple living, and easy ownership without the chaos of a mega-tower. Groceries, cafés, gyms, and parks are within a few blocks, and Lincoln Road, Flamingo Park, and the beach quickly become part of your daily routine. Ideal for a primary resident seeking walkability, a turnkey second home, or an investor in a consistently requested rental location. Currently, no assessments. Strong financials, with reserves. And 40/50 year has been completed. If you have been waiting for a practical South Beach home, this is it.
Features
- First Floor Entry
- Elevator
- Walk-In Closet(s)
- Open Balcony
- Garden View
- Other View
Leasing
- Minimum lease
- 183 days
- Leases permitted per year
- 1
- Ok To Lease
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,950.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.