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Waterfront · Condominium
$540,000$739 / sqft
1500 Bay Road # 364, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
731 sqft
Interior
1960
Year built
$878 / mo
HOA
Condominium
Type
About this home
TURNKEY MIAMI BEACH 1BD/1BA - IDEAL FOR INVESTORS OR SECOND HOME Beautifully upgraded and fully furnished 1BD/1BA, ready to move in or rent immediately. Upgraded in 2022 with tile flooring, modern kitchen, stainless-steel appliances, and a stylish renovated bathroom. Peace of mind: Strong building with $1M+ in reserves, no special assessments, completed inspections, roof replaced in 2025, and upgraded elevators. Enjoy true resort-style living with infinity pools, two fitness centers, spa, sauna, jacuzzi, tropical gardens, sunset yoga, dog play area, business center, dock space, and 24/7 security and valet. On-site dining and services include La Piscine, Yafit, Doggie VIP, Rejuvaline MedSpa, and Pura Vida. Investor-friendly: 30-day minimum rentals permitted, including Airbnb and VRBO.
Features
- Lobby
- Closet Cabinetry
- Cooking Island
- Elevator
- Walk-In Closet(s)
- Open Balcony
- Bay
- Garden
- Pool
- Bay View
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 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.