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About this home
Rare opportunity to own a unique two-story penthouse fully furnished in the heart of South of Fifth, one of Miami Beach’s most desirable neighborhoods, just four blocks from the beach. This residence features 2 bedrooms, 2 bathrooms, high ceilings, a balcony on the first level, and a private rooftop terrace on the second level, ideal for relaxing or entertaining. Located in an intimate boutique building with a swimming pool, the property offers privacy, comfort, and an exceptional location near South Pointe Park, the marina, restaurants, cafés, shopping, and the beach. The building allows rentals up to 12 times per year, providing flexibility for investors and end users. The unit is currently rented month-to-month for $6,500 per month, offering immediate rental income and future occupancy flexibility.
Features
- Walk-In Closet(s)
- Open Balcony
- Garden View
- Other View
- Skyline
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $6,523
- HOA
- $892 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.