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0
Bedrooms
1
Bathrooms
521 sqft
Interior
1965
Year built
$1,053 / mo
HOA
Condominium
Type
About this home
Direct Biscayne Bay and marina views frame this completely gut-renovated studio featuring high-end improvements. Rebuilt from the ground up, the unit features smooth popcorn-free surfaces while preserving the original wood ceiling as a unique architectural focal point. Floor-to-ceiling sliding glass hurricane windows offer unobstructed, panoramic vistas of Biscayne Bay throughout the living space. Highlights include solid hardwood floors, a designer feature wall, a custom walk-in closet, a fully renovated kitchen with premium cabinetry and appliances, and a modernized bathroom. Dedicated storage, assigned covered parking, and pet-friendly add total convenience. The marina fronting the property is under active restoration and generating rental income. Palm Bay is one of Miami's more distinctive addresses. A low-density waterfront community set on eight acres of landscaped grounds beneath mature oaks. Enjoy a bayfront pool, jacuzzi, fitness center, tennis/pickleball courts, plus direct water access for paddleboarding and kayaking. A private gate connects directly to Legion Park & its weekly Farmers Market. Minutes from the Design District, Downtown, and beaches, this is the ultimate retreat or pied-à-terre in the heart of the Upper Eastside. Reserves are fully funded, concrete restoration is nearly complete, and a new roof is paid for. Seller to pay current assessment in full at closing.
Features
- First Floor Entry
- Closet Cabinetry
- Walk-In Closet(s)
- East Of Us1
- Exterior Cat Walk
- Open Balcony
- Bay
Leasing
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 across Miami-Dade, from 200 active listings; the middle half ask $1,999–$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.