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Waterfront · Condominium
$379,000$518 / sqft
1500 Bay Rd # 264S, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
731 sqft
Interior
1960
Year built
$939 / mo
HOA
Condominium
Type
About this home
Stunning 1-bedroom residence on the 2nd floor in the highly sought-after Flamingo South Tower at 1500 Bay Road. This move-in-ready unit offers serene mixed water and garden views from both the living area and a private balcony — perfect for relaxing mornings and evening breezes. Recently updated with a beautiful new bathroom, the home features a thoughtful partial remodel while retaining great potential. Enjoy the convenience of a full-size washer and dryer inside the unit, plus generous living space ideal for everyday comfort or entertaining. Live the ultimate South Beach resort lifestyle! The Flamingo community spans 16.5 acres of waterfront paradise and boasts world-class amenities, including resort-style bayfront pools with infinity edges, a state-of-the-art 14,000 sq ft fitness center with yoga/spin classes, spa services, on-site restaurants (including Pura Vida), a hair salon, shops, a convenience market, basketball/volleyball courts, a 1,300-foot baywalk, and much more. Located in the heart of South Beach, you’re just steps from Lincoln Road, the Venetian Causeway, the beach, dining, shopping, and entertainment. Don’t miss this rare opportunity to own in one of Miami Beach’s most iconic waterfront communities!
Features
- Lobby
- First Floor Entry
- Open Balcony
- Bay
- Garden View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
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–$3,800.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.