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Waterfront · Condominium
$499,999$689 / sqft

1500 Bay Rd # 666S, Miami Beach FL 33139

1
Bedrooms
1
Bathrooms
726 sqft
Interior
1960
Year built
$945 / mo
HOA
Condominium
Type

About this home

Experience bayfront living in the heart of South Beach in this spacious 1BD/1BA residence, featuring a private balcony with beautiful bay and garden views, perfect for enjoying Miami sunsets and tropical breezes. Set within a vibrant 16.5-acre waterfront community designed for inspired living, Flamingo South Beach offers true resort-style amenities, including expansive sunset pool decks overlooking Biscayne Bay, a 24-hour fitness center, yoga studio, co-working spaces, an indoor kids’ playroom, and a pet-friendly campus complete with an off-leash dog park. Additional conveniences include onsite dining with a full bar and pool lounge service, coffee shop, mini market, beauty salon, dry cleaner, valet service, dog daycare and more. The flexible rental policy allows up to 12 rentals per year, making it ideal for short-term rental opportunities. Just steps from Lincoln Road, Sunset Harbour, Flamingo Park, Whole Foods, Trader Joe’s, and some of South Beach’s best dining and nightlife. Experience the best of Miami Beach living in this vibrant waterfront community.

Features

  • First Floor Entry
  • Fire Sprinklers
  • East Of Us1
  • Courtyard
  • Open Balcony
  • Bay
  • Garden View
  • Water View

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$3,473

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$2,528
HOA
$945 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
FI Real Estate Brokerage LLC

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

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 rent, 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. 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.