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Waterfront · Condominium
$575,000$537 / sqft
1688 West Ave # 1205, Miami Beach FL 33139
Listed
2
Bedrooms
2
Bathrooms
1,070 sqft
Interior
1995
Year built
$1,323 / mo
HOA
Condominium
Type
About this home
Welcome to the best of South Beach living. This high-floor 2 bed, 2 bath home has been lovingly maintained by its original owner and is now ready for its next chapter. The bright, airy split floor plan offers generous living spaces, three large walk-in closets, and the convenience of in-unit laundry. Set in a well-run boutique building directly across from Trader Joe’s, you’re surrounded by the neighborhood’s favorite restaurants, shops, and the beach—all within an easy stroll. The association will begin installing new hurricane-impact windows and balcony doors this fall, a major upgrade that will enhance comfort, reduce noise, and lower the building’s master insurance policy. Completion is anticipated within six months of start. With two assigned parking spaces (one covered), this is an exceptional opportunity for someone who wants to personalize a great layout in a quiet, primarily residential building. Priced accordingly. Please text the agent for showings with at least 24 hours’ notice. Agent must accompany.
Features
- Interior Hall
- Lobby
- Elevator
- Fire Sprinklers
- Split Bedroom
- Open Balcony
- Bay
- Canal
- Other 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 2-bed rentals in Miami Beach, from 200 active listings; the middle half ask $3,600–$9,900.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.