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Waterfront · Condominium
$530,000$393 / sqft
500 Bayview Dr # 2121, Sunny Isles Beach FL 33160
Listed
2
Bedrooms
2
Bathrooms
1,350 sqft
Interior
1969
Year built
$1,195 / mo
HOA
Condominium
Type
About this home
Stunning corner unit featuring a wrap-around balcony with panoramic Intracoastal and city views. Building-completed balcony renovations and brand-new hurricane-impact windows add peace of mind and value. Originally a 2-bedroom, currently configured as a spacious 1-bedroom with an open, extended living space after removal of the second bedroom wall — ideal for those wanting more room to live and entertain. Owner is open to converting it back to a 2-bedroom layout if desired. Unit shows well and is move-in ready. Comes with a premium covered parking spot, closest to the lobby in the building.
Features
- Closet Cabinetry
- Elevator
- Walk-In Closet(s)
- Barbeque
- Bay
- Canal
- Intracoastal View
- Ocean View
- Pool Area View
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
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 across Miami-Dade, from 200 active listings; the middle half ask $2,300–$4,801.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.