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Condominium
$579,000$609 / sqft
1621 Bay Rd # 408, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
950 sqft
Interior
1997
Year built
$1,226 / mo
HOA
Condominium
Type
About this home
Experience beautiful sunset views from this spacious 2-bedroom, 2-bath corner residence in one of South Beach’s premier, meticulously maintained boutique buildings. A large private terrace and abundant windows fill the home with natural light, while the desirable split-bedroom floor plan offers both privacy and functionality. The contemporary open California-style kitchen features stainless steel appliances and a breakfast bar, complemented by brand new luxury high-end ceramic flooring throughout, an in-unit washer and dryer, and the rare convenience of two garage parking spaces. Building amenities include a pool and jacuzzi, fitness center, sauna, billiard room with kitchen, and bicycle storage. Ideally located just moments from Sunset Harbour, Lincoln Road, the beach, restaurants, shopping, and everything South Beach has to offer. Boutique living, modern design, two-car parking! Welcome home.
Features
- Cooking Island
- Elevator
- Open Balcony
- Pool Area View
Leasing
- Minimum lease
- 360 days
- Leases permitted per year
- 1
- Ok To Lease
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.
Location
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.