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Condominium
$723,000$676 / sqft
1621 Bay Rd # 802, Miami Beach FL 33139
Listed
3
Bedrooms
2
Bathrooms
1,070 sqft
Interior
1997
Year built
$1,250 / mo
HOA
Condominium
Type
About this home
Welcome to Unit 802 at 1621 Bay Road, a bright and spacious home with a layout that really stands out. Originally a three-bedroom, it’s been opened up into a large two-bedroom, creating an oversized living area that’s hard to find and perfect for both relaxing and entertaining. The open kitchen flows seamlessly into the living and dining space, while large windows fill the home with natural light, giving it an airy, inviting feel throughout. Step outside onto one of 2 private balconies, ideal for enjoying your morning coffee or unwinding at the end of the day. Additional highlights include an in-unit washer and dryer and 2 dedicated parking spaces, offering both comfort and convenience. With its flexible layout and generous living space, this home is a great fit for anyone looking for something more open and easy to live in.
Features
- Built-in Features
- Closet Cabinetry
- Cooking Island
- Fire Sprinklers
- Pantry
- Walk-In Closet(s)
- Open Balcony
- Bay
- Canal
- Garden View
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 3-bed rentals in Miami Beach, from 103 active listings; the middle half ask $9,000–$38,000.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.