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Listed
Experience waterfront living with captivating bay views from this exclusive corner residence at boutique Magaluf Towers, ideally situated on a private island in North Bay Village. Bright and spacious, this 2 bedrooms residence features two en-suite bathrooms and private balconies for each bedroom, creating your own retreat to relax and enjoy the beautiful waterfront scenery. Residents enjoy a bayfront pool, one assigned covered parking space, guest parking, plus convenient laundry facilities and trash chutes on every floor. For boating enthusiasts, the opportunity to own or rent a private dock adds to the appeal of this unique waterfront lifestyle. Enjoy the tranquility of island living while remaining just moments from Publix, restaurants, cafés, entertainment, and everything Miami has to offer. Whether you’re looking for a primary residence, second home, or waterfront investment, this is a wonderful opportunity to own your piece of Miami with a view.
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$5,750.That is what landlords ask, not what units let for — edit it if you know better.
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.
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.
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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