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Waterfront · Condominium
$283,000$257 / sqft
2016 Bay Dr # 203, Miami Beach FL 33141
Listed
2
Bedrooms
2
Bathrooms
1,100 sqft
Interior
1966
Year built
$937 / mo
HOA
Condominium
Type
About this home
PRICED TO SELL! This spacious, beautifully maintained 1,100 sqft corner residence offers two bedrooms, two full bathrooms, and an abundance of natural light through expansive windows. The open living and dining area creates an inviting space, while the large private terrace offers the perfect place to relax. Additional highlights include a new central AC system, a generous walk-in closet, and one assigned parking space. Step outside and enjoy a waterfront lifestyle along Biscayne Bay. Lounge by the pool, watch boats and water sports pass by, or take in breathtaking sunset views over the water. With its spacious layout, natural light, and desirable Normandy Isle location, this home is an exceptional opportunity to enjoy the best of Miami Beach living.
Features
- Lobby
- Built-in Features
- Closet Cabinetry
- Elevator
- Open Balcony
- Bay
- Intracoastal View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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.
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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,595–$10,000.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.