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Condominium
$368,000$436 / sqft
245 18th St # 605, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
845 sqft
Interior
1970
Year built
$623 / mo
HOA
Condominium
Type
About this home
Location, Location and amazing Views!!! This very spacious remodeled corner one bedroom is located in one of the best SOBE (South Beach) areas: walking minutes to the Ocean and Beach, Convention Center/Art Basel, New World Symphony, Faena District & Lincoln Rd. This large sunlit condo features the luxury of 2 (Two!) sunny balconies perfect for your morning coffee, entertaining your guests & enjoying beautiful sunrises and/or sunsets. Great practical layout, European style separate kitchen/dinning area and plenty of closet space are all big pluses. The tastefully remodeled unit features high quality hurricane proof windows and comes with one gated parking space. The safe and clean boutique building featuring a brand new gym is currently undergoing the 40/50 year certification of which more than two thirds has been completed. The seller will be paying the current special assessment in full at closing. The whole project is scheduled to be finalized by the end of the year. The surrounding neighborhood is undergoing over $2 billion in luxury residential, hospitality, retail, and infrastructure investment, further increasing the medium and long-term value of this beautiful area. For the location, views and quality this is the best priced unit in the building! Easy to show by appointment; call/text agent! This gem will not last too long!!
Features
- First Floor Entry
- Screened Balcony
- Ocean View
- Skyline
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
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 $2,350–$4,500.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.