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Condominium
$180,000$563 / sqft
255 W 24th St # 107, Miami Beach FL 33140
Listed
0
Bedrooms
1
Bathrooms
320 sqft
Interior
1941
Year built
$760 / mo
HOA
Condominium
Type
About this home
Turnkey Art Deco studio in the heart of South Beach, just one block from the ocean and luxury hotels. Bright corner unit, fully furnished and equipped, ideal as a pied-à-terre, vacation home, or income-producing investment with short-term rentals allowed. Located in Mantell Plaza, a well-maintained building featuring a tropical pool surrounded by lush gardens, gym, laundry facilities, community room, and onsite storage lockers. Maintenance fees cover ALL utilities including electricity, water, cable, and high-speed internet. Quiet neighborhood with onsite staff, updated elevator (2023), active board, and completed SIRS and milestone inspections. Great opportunity to own a piece of Miami Beach with flexible rental potential.
Features
- First Floor Entry
- East Of Us1
- Other
- Garden View
Leasing
- Minimum lease
- 7 days
- Leases permitted per year
- 200
- Daily Rentals Allowed
- Ok To Lease
The leasing terms stated for this listing contradict each other. They all come from one MLS record and none of them overrides another — confirm with the association before relying on any of them.
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 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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.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.