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Waterfront · Condominium
$540,000$739 / sqft
1500 Bay Road # 1244s, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
731 sqft
Interior
1960
Year built
$878 / mo
HOA
Condominium
Type
About this home
Turnkey fully furnished 1BD/1BA in Miami Beach, upgraded in 2022 with tile floors, modern kitchen, stainless-steel appliances, and updated bathroom. Strong building with $1M+ in reserves, no special assessments, completed inspections, roof replaced in 2025, and upgraded elevators. Resort-style amenities include infinity pools, two fitness centers, spa, sauna, jacuzzi, tropical gardens, yoga, dog area, business center, dock, 24/7 security and valet, plus on-site dining and services. Investor-friendly: 30-day minimum rentals, including Airbnb and VRBO. Excellent location—walk to the ocean, Lincoln Road, South Pointe Park, Whole Foods, Trader Joe's, restaurants, and Miami Beach Convention Center.
Features
- Cooking Island
- Walk-In Closet(s)
- Florida Room
- Open Balcony
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
$3,609
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
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.