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Waterfront · Condominium
$495,888$576 / sqft
3 Island Ave # 06K, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
861 sqft
Interior
1962
Year built
$1,211 / mo
HOA
Condominium
Type
About this home
Residence 6K at 3 Island Avenue captures the essence of classic Miami Beach sophistication in one of Belle Isle’s most iconic Morris Lapidus–designed buildings. This beautifully positioned one-bedroom residence offers private treetop views from your private open balcony. The spacious layout features approximately 861 square feet of refined living, with expansive windows that flood the home with natural light. A thoughtfully updated kitchen and bath complement elegant finishes throughout, creating a move-in-ready retreat. Residents enjoy a full-service boutique building with 24-hour doorman, bayfront pool, waterfront deck, and marina access. Ideally located moments from Sunset Harbour, Lincoln Road, and South Beach’s celebrated dining, wellness studios, and cafés—this is timeless Miami living at its finest.
Features
- Interior Hall
- Lobby
- First Floor Entry
- Open Balcony
- Garden View
- Skyline
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Lease-1st Year Owned
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 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.