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Waterfront · Condominium
$249,000$277 / sqft
7133 Bay Dr # 305, Miami Beach FL 33141
Listed
1
Bedrooms
1
Bathrooms
900 sqft
Interior
1969
Year built
$797 / mo
HOA
Condominium
Type
About this home
Spacious residence with new appliances offering comfortable living in a desirable Bay Drive location. This unit features an open layout concept with abundant natural light, impact windows, generous living and dining areas, and a private balcony ideal for relaxing or entertaining. The kitchen provides ample cabinetry and counter space, while the bedroom offers good size and storage. Enjoy a well-kept building with convenient amenities and a prime location near shopping, dining, major roadways, and local waterfront attractions. Perfect for an end user looking for a centrally located bayfront community. Association has reserves.
Features
- Lobby
- Walk-In Closet(s)
- East Of Us1
- Exterior Cat Walk
- Other
- Canal
- Intracoastal View
- Pool Area View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- No Daily Rentals
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 $2,300–$3,850.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.