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Condominium
$349,999$534 / sqft
245 18th St # 1103, Miami Beach FL 33139
Listed
1
Bedrooms
1
Bathrooms
655 sqft
Interior
1970
Year built
$629 / mo
HOA
Condominium
Type
About this home
Unobstructed 180 degree views overlooking all of South Beach from the ocean to the bay and city skyline. Rarely available high floor condo in the perfect location half a block from the ocean in the center of it all and with oversized balcony and a covered parking spot. This is the type of unit that people dream of. It is ready for your decorative upgrades, has new central a/c, hurricane shutters, extra storage unit included, & covered garage parking. Well kept building has completed substantial upgrades and still has a low maintenance fee that includes reserves. The perfect home or investment property (can be rented immediately) in the sweet spot of South Beach between the ocean and Lincoln Road beside the convention center, and where new ultra luxury properties are in process.
Features
- Interior Hall
- No Interior Features
- Open Balcony
- Ocean View
- Skyline
- Water View
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
- Ok To Lease
- Okay To Lease 1st Year
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.