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Waterfront · Condominium
$189,500$267 / sqft
2841 NE 163rd St # 608, North Miami Beach FL 33160
Listed
1
Bedrooms
1
Bathrooms
710 sqft
Interior
1969
Year built
$667 / mo
HOA
Condominium
Type
About this home
**Spacious 1-bedroom, 1-bath condo in the heart of North Miami Beach, ideally located just minutes from Sunny Isles Beach, Aventura, Bal Harbour, and Oleta River State Park. This bright residence features an oversized living and dining area opening to a private balcony with pleasant city and neighborhood views, a generously sized primary suite with an en-suite bath and ample closet space, plus a convenient half bath for guests. The kitchen offers abundant cabinetry and great potential for customization. The unit is being sold 100% AS-IS and is ready for a full cosmetic refresh, presenting an excellent opportunity to renovate and personalize to your taste or add long-term value. The secure, well-maintained building has completed its 40-year recertification and offers renovated common areas, new elevators, modern glass balconies, a heated pool, fitness center, sauna, BBQ area, billiards/game room, laundry facilities, on-site management, assigned parking, and ample guest parking. Conveniently located near beaches, shopping, dining, Costco, FIU, major highways, and outdoor recreation. Ideal as a primary residence, seasonal home, or future investment. No rentals permitted during the first two years of ownership. Call today for a showing!
Features
- Lobby
- First Floor Entry
- Built-in Features
- Pantry
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Garden View
Leasing
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 across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,750.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.