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Waterfront · Condominium
$595,000
6940 Abbott Ave # 908, Miami Beach FL 33141
Listed
0
Bedrooms
1
Bathrooms
— sqft
Interior
2026
Year built
$1,107 / mo
HOA
Condominium
Type
About this home
Introducing North Beach's most anticipated new development project: Ella Miami Beach. This boutique-style masterpiece features only 103 residences that are fully furnished by Steven G and embrace the timeless charm of Art Deco design. Residences will have high-end finishes and beautiful outdoor space. Ella Miami Beach allows short-term rentals with a minimum stay of two days, offering an excellent investment opportunity. Building is complete with exceptional service and amenities where residents can enjoy an expansive rooftop fitness center with outdoor pool, pickleball court and yoga deck. Exclusive access to a private beach is just two blocks away. The project is set to break ground in 1st Quarter of 2025 with anticipated completion in the 4 Quarter of 2026.
Features
- Built-in Features
- Closet Cabinetry
- Other
- Other View
Leasing
- Minimum lease
- 2 days
- Leases permitted per year
- 52
- Ok To Lease
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.
Location
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 studio rentals in Miami Beach, from 200 active listings; the middle half ask $1,800–$3,000.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.