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Condominium
$235,000$392 / sqft
1117 MERIDIAN Avenue # 1117, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
600 sqft
Interior
1956
Year built
$662 / mo
HOA
Condominium
Type
About this home
Priced to sell in Miami Beach. Are you looking for a ground floor unit? Are you a pet owner? Park Square is an art deco style building located on Meridian Avenue, a beautiful tree lined street in Miami Beach. Enter the gated complex through a tropical garden walkway. Unit 7 is a first floor unit at the back end of the complex. A boutique building, Park Square is located directly across the street from Flamingo Park offering tennis, swimming, park facilities and more. Conveniently located with easy access to the beach, restaurants, shops and markets, the location is ideal for a walkable lifestyle. The complex has on site laundry and also permits unit owners to install a washer/dryer in the unit. The building is pet friendly. Priced to sell as-is turnkey.
Features
- Walk-In Closet(s)
- Garden
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$1,850
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $1,188
- HOA
- $662 / mo
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.
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–$3,850.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.