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Waterfront · Condominium
$240,000$353 / sqft
7207 Bay Dr # 13, Miami Beach FL 33141
Listed
1
Bedrooms
1
Bathrooms
680 sqft
Interior
1949
Year built
$412 / mo
HOA
Condominium
Type
About this home
Beautiful unit, located on the second and top floor in Normandy Isles, Miami Beach. It offers an excellent location within the building, very close to the canal, with pleasant views of the Tatum Waterway from the living room. The property offers great privacy, abundant natural light, and a charming sense of tranquility by the water. The unit is in excellent condition and features central A/C, impact windows and doors, and beautiful hardwood floors. The building is a boutique waterfront condominium, featuring inviting courtyards, a swimming pool, and a BBQ area overlooking the canal. It is just a 10-minute walk to the beach and close to the waterfront promenade, parks, restaurants, cafés, and shops. Just minutes from Normandy Shores Golf Club and close to significant neighborhood improvements, including the 72nd Street Community Complex, which will feature a library and aquatic center, as well as new retail options such as Target and Publix, coming soon. An excellent opportunity to own an attractive waterfront property in a prime Miami Beach location. The approved 2026 budget and HOA fees include full reserves. Important: The unit does not include a parking space; street parking only. The property is furnished, and the furniture is negotiable.
Features
- Second Floor Entry
- Other
- Barbeque
- Canal
- Pool Area View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
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.