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Waterfront · Condominium
$329,500$686 / sqft
540 Brickell Key Drive # 1721, Miami FL 33131
Listed
0
Bedrooms
1
Bathrooms
480 sqft
Interior
1991
Year built
$550 / mo
HOA
Condominium
Type
About this home
Bright studio apartment with beautiful dual views of the water and the Brickell skyline, located on the private, gated island of Brickell Key. Apartment has updated bathroom and recent paint and feature wall. The apartment has a balcony where you can have a lounge chair and enjoy the sun and water views. The island has 24-hour security, so it's a very safe and peaceful place to live. Brickell Key also has a central park with fountains and a playground, and hosts monthly community events like free outdoor concerts. The island is mostly residential, but still has everything you need right there, including an Italian restaurant, sushi restaurant, cafe, supermarket, vet, and beauty salon.
Features
- Other
- Barbeque
- Courtyard
- Tennis Court(s)
- Bay
- Ocean
- Bay View
- Direct Ocean
- Ocean View
Leasing
- Minimum lease
- Not stated
- Ok To Lease With Res
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 Brickell, from 70 active listings; the middle half ask $2,600–$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.