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Waterfront · Condominium
$440,000$587 / sqft
1228 West Ave # 604, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
750 sqft
Interior
1971
Year built
$832 / mo
HOA
Condominium
Type
About this home
Direct bay views from this beautifully updated 2-bedroom, 2-bath residence at Bayview Terrace. Thoughtfully renovated throughout, this waterfront home features a modern open kitchen with granite countertops, stainless steel appliances, custom wood cabinetry, and abundant storage. Both bathrooms have been tastefully remodeled with contemporary finishes; a move-in-ready retreat. The primary suite offers excellent closet space and a renovated en-suite bath. The versatile second bedroom can easily function as a guest room, home office, den, or creative workspace. Modern design elements include custom glass partitions and contemporary sliding track doors that enhance the open feel while providing privacy and flexibility. Floor-to-ceiling glass fills the living spaces with natural light while showcasing tranquil bay views and spectacular Miami sunsets. Step onto the private balcony and enjoy refreshing bay breezes and panoramic waterfront scenery. Bayview Terrace is a well-maintained bayfront building offering a waterfront pool overlooking Biscayne Bay, fitness center, secure lobby, and available dockage for lease through the association, subject to availability. 1 assigned parking space (#53 in the garage), dedicated storage unit and an unbeatable Miami Beach location just minutes from Sunset Harbour, Lincoln Road, South Beach, world-class dining, shopping, and entertainment. Exceptional value for a renovated waterfront 2-bedroom residence in the heart of Miami Beach.
Features
- First Floor Entry
- Open Balcony
- Bay
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Okay To Lease 1st 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 in Miami Beach, from 200 active listings; the middle half ask $3,595–$9,500.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.