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Waterfront · Condominium
$590,000$447 / sqft
601 NE 23rd St # 1505, Miami FL 33137
Listed
3
Bedrooms
2
Bathrooms
1,320 sqft
Interior
2012
Year built
$1,217 / mo
HOA
Condominium
Type
About this home
Stunning High-Floor 3BR/2BA in Edgewater with Biscayne Bay Views Enjoy breathtaking bay views from your private balcony in this bright, spacious condo featuring an open layout, natural light, stainless steel appliances, and in-unit washer/dryer. Amenities include a pool, fitness center, and controlled access. Prime location minutes from Wynwood, Midtown, Design District, and Downtown Miami. An exceptional opportunity to live or invest in one of Miami’s most desirable neighborhoods. Live above it all. Enjoy the views. Experience Edgewater.
Features
- First Floor Entry
- Elevator
- Open Balcony
- Bay
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
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.
Location
Approximate — shows the building, not the unit. Open in maps
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 across Miami-Dade, from 200 active listings; the middle half ask $3,300–$11,900.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.